| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 34th | Poor |
| Demographics | 22nd | Fair |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1000 E Stenger St, San Benito, TX, 78586, US |
| Region / Metro | San Benito |
| Year of Construction | 2000 |
| Units | 48 |
| Transaction Date | 2007-11-20 |
| Transaction Price | $3,143,800 |
| Buyer | FASA GROUP LLC |
| Seller | FIRST NATIONAL BANK |
1000 E Stenger St San Benito Multifamily Investment
Positioned in a suburban pocket with daily needs nearby, this 2000-vintage asset targets a renter base that is competitive within the Brownsville–Harlingen metro, according to WDSuite’s CRE market data.
The property’s 2000 construction is newer than the neighborhood’s average vintage (1977), which supports competitive positioning versus older stock while still leaving room for selective modernization to enhance rents and retention. Neighborhood occupancy trends show improvement over the past five years, and the current occupancy level sits below the metro median, suggesting room for operational upside with effective leasing and management discipline.
Access to daily amenities is a relative strength. Within the metro, pharmacy and childcare access rank in the top quartile among 133 neighborhoods, while grocery options are competitive. Cafés and parks are limited, which places more emphasis on on-site offerings to support resident satisfaction and lease renewals. Average school ratings track below national norms, which may weigh on family-driven demand, though value-focused renters often prioritize convenience and cost of living.
Tenure dynamics favor multifamily demand: the neighborhood’s share of renter-occupied housing is competitive within Brownsville–Harlingen and above national medians, indicating a meaningful tenant base for workforce housing. A rent-to-income profile around the national middle supports lease retention and measured rent growth, helping manage affordability pressure and turnover risk.
Demographic statistics aggregated within a 3-mile radius indicate recent population growth alongside a modest increase in households, expanding the prospective renter pool. Forward-looking projections show essentially stable population with an increase in households and smaller household sizes, which can support multifamily absorption and occupancy stability if supply growth stays disciplined.
Home values in this area are lower than national levels, creating an ownership market that is more accessible than many metros. For investors, this can introduce competition from entry-level ownership but also sustains demand for well-managed, value-oriented rentals that offer convenience and quality without the upfront costs of buying.
Comparable neighborhood safety metrics are not available in WDSuite’s dataset for this location. Investors typically benchmark conditions against city and county trends and focus on property-level measures (lighting, access control, and resident screening) to support retention and leasing stability.
Nearby corporate offices provide commute convenience for renters, supporting steady leasing for workforce-oriented units. The employer base below reflects regional logistics, media/telecom, and business services.
- Dish Network — media/telecom offices (6.2 miles)
- United Parcel Service — logistics & parcel operations (36.6 miles)
- R R Donnelley & Sons — business services/printing (40.2 miles)
This 48-unit, 2000-built asset offers newer-vintage positioning in a neighborhood where renter concentration is competitive within the Brownsville–Harlingen metro. Access to essentials (grocery, pharmacy, childcare) is a local strength, offset by thinner café and park options—conditions that reward thoughtful on-site amenities and management. Based on CRE market data from WDSuite, neighborhood occupancy has improved over five years and currently trails the metro median, pointing to potential operational upside with targeted leasing and modest value-add.
Within a 3-mile radius, recent population gains and a growing household count—paired with smaller household sizes—signal a broader tenant base and support for occupancy stability. Lower relative home values can create competition from ownership, but they also reinforce demand for well-managed rentals that deliver convenience and predictable housing costs.
- Newer 2000 vintage versus neighborhood average, with selective modernization potential
- Competitive renter-occupied share in the neighborhood supports tenant depth
- Daily-needs access (grocery/pharmacy/childcare) underpins leasing and retention
- Neighborhood occupancy improving; below-metro positioning offers operational upside
- Risks: more accessible ownership options, limited cafés/parks, and below-average school ratings