| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Good |
| Demographics | 38th | Good |
| Amenities | 11th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 131 N Kenazo Ave, Horizon City, TX, 79928, US |
| Region / Metro | Horizon City |
| Year of Construction | 2002 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
131 N Kenazo Ave Horizon City Multifamily Opportunity
Neighborhood occupancy sits in the top quartile among 189 El Paso neighborhoods, according to WDSuite’s CRE market data, pointing to durable renter demand even in a lower-amenity inner suburb. Household growth within a 3-mile radius further supports leasing stability for well-positioned assets.
Horizon City’s Inner Suburb location offers suburban living with limited local retail density, which can favor properties that provide on-site conveniences. Restaurant availability ranks 95th of 189 metro neighborhoods (around the metro median), while groceries, parks, pharmacies, childcare, and cafes rank near the bottom, indicating residents rely on nearby corridors for daily needs. For investors, this typically supports demand for larger units and functional in-place amenities rather than walkable retail.
Neighborhood occupancy is strong, ranking 26th out of 189 in El Paso (top quartile) and in a high national percentile, a positive signal for lease-up and retention, per WDSuite’s commercial real estate analysis. Within a 3-mile radius, the renter-occupied share is relatively low, but ongoing population and household growth expands the prospective tenant base and can support steady absorption for competitively positioned multifamily.
Construction skews newer nearby (average vintage 2011, competitive among El Paso neighborhoods), while the subject property dates to 2002. That age gap highlights potential value-add opportunities such as interior refreshes or common-area upgrades to position against newer stock and sustain pricing power.
Ownership costs in the neighborhood are lower relative to national norms, which can increase competition from entry-level ownership. However, modest rent-to-income levels and strong occupancy suggest manageable affordability pressure, supporting lease retention while leaving room for targeted renovations to drive relative appeal.
Safety indicators are mixed but generally competitive. The neighborhood’s overall crime rank sits mid-pack within the El Paso metro (71st of 189), while national percentiles indicate it is safer than a majority of neighborhoods nationwide for both overall and violent incidents. Recent year-over-year trends show declines in violent and property offenses, which is supportive for long-term stability, though monitoring remains prudent given its middling standing within the metro.
Commuting access to regional employers helps underpin renter demand, particularly for workforce households. Nearby corporate offices include Freeport-McMoRan, Western Refining, and Charles Schwab, providing a diversified employment base that can support leasing and retention.
- Freeport Mcmoran-El Paso — mining & natural resources offices (12.4 miles)
- Western Refining — energy & refining offices (18.4 miles) — HQ
- Charles Schwab — financial services offices (20.6 miles)
131 N Kenazo Ave is a 36-unit asset in Horizon City with an average unit size of about 1,309 sq. ft., positioning it well for family and roommate demand segments. Strong neighborhood occupancy relative to the metro supports stable cash flow, and within a 3-mile radius both population and households have been expanding, indicating a growing renter pool to sustain absorption and retention. According to CRE market data from WDSuite, the surrounding neighborhood performs above the metro median on occupancy with national-level safety readings that are broadly competitive.
Built in 2002, the property is older than nearby stock that averages 2011, suggesting actionable value-add potential through interior modernization and amenity enhancements to sharpen competitive positioning against newer alternatives. While lower ownership costs locally can create competition from for-sale housing, modest rent-to-income levels and proximity to diversified employment nodes contribute to a resilient demand thesis over a multi-year horizon.
- High neighborhood occupancy (top quartile in El Paso) supports leasing stability
- Large average unit sizes (~1,309 sq. ft.) align with family-oriented renter demand
- 2002 vintage offers clear value-add path to compete with newer 2011-average stock
- Expanding 3-mile population and household base supports a growing tenant pool
- Risk: lower ownership costs may intensify competition with for-sale options, requiring disciplined renovation and pricing strategy