| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Fair |
| Demographics | 11th | Poor |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12960 Alnor St, San Elizario, TX, 79849, US |
| Region / Metro | San Elizario |
| Year of Construction | 2010 |
| Units | 117 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
12960 Alnor St San Elizario Multifamily Investment
Positioned in a suburban pocket of El Paso County, the property benefits from steady neighborhood renter demand and manageable rents, according to WDSuite’s CRE market data. Investor focus centers on stable occupancy at the neighborhood level and a growing 3‑mile renter pool that can support leasing durability over a multi‑year hold.
Livability is defined by a low-amenity suburban environment and car-oriented patterns. Neighborhood statistics cited here reflect the immediate neighborhood, not this property. Amenity density (cafes, groceries, parks, restaurants) ranks near the bottom among 189 El Paso metro neighborhoods, suggesting residents rely on regional corridors for daily needs. For investors, limited walkable retail places more weight on on-site management, parking, and resident services as retention tools.
At the neighborhood level, occupancy is measured at 89.6% and sits below national medians (ranked 129 of 189 locally; 43rd percentile nationally), indicating leasing is workable but not tight. The share of renter-occupied units in the neighborhood is 26.8% (62nd percentile nationally), pointing to a moderate renter concentration that supports demand depth without being saturated. Note: these occupancy and tenure metrics are for the neighborhood, not the property.
Home values in the neighborhood are comparatively low versus national markets, and median contract rents are also lower than national norms. This combination can sustain lease retention and limit turnover risk, though more accessible ownership options may compete with rentals. Rent-to-income levels (19% at the neighborhood level) indicate manageable affordability pressure, which can help stabilize collections and renewals.
Within a 3‑mile radius, WDSuite data shows population and household growth over the last five years, with projections calling for continued population growth and a sizable increase in households by 2028. A larger nearby tenant base and rising incomes in the radius are supportive of occupancy stability and absorption, even as neighborhood schools rate below national averages and could matter for certain renter segments.
Vintage matters for competitive positioning: built in 2010 versus a neighborhood average construction year near 2006, the asset is newer than much of the local stock. That typically supports leasing versus older comparables, while investors should still plan for mid-life system updates and selective modernization over the hold.
Safety trends are mixed and should be evaluated in context. Relative to the El Paso metro, the neighborhood’s crime rank is 25 out of 189, indicating higher crime than many local neighborhoods. Nationally, however, the area trends in the safer half, with overall crime around the 73rd percentile and violent offenses near the 64th percentile compared with neighborhoods nationwide.
Recent momentum is constructive: estimated violent and property offense rates both declined sharply year over year (each in the top decile of improvement nationally). For investors, this combination—metro-relative caution with improving trends and mid-pack national standing—suggests thoughtful security policies and lighting, paired with resident engagement, can help support retention without overcapitalizing.
Proximity to regional employers supports workforce housing demand and commute convenience for residents, notably to Freeport-McMoRan, Western Refining, and Charles Schwab. These nodes diversify the renter base across mining, energy, and financial services.
- Freeport McMoRan-El Paso — mining & materials offices (14.2 miles)
- Western Refining — energy (17.9 miles) — HQ
- Charles Schwab — financial services (20.7 miles)
This 117-unit asset combines a newer-than-neighborhood vintage (2010) with smaller average unit sizes, positioning it for cost-conscious renters and workforce demand. At the neighborhood level, occupancy is serviceable but below national medians, while a moderate share of renter-occupied units supports a durable tenant base. Within 3 miles, population and households are expanding, pointing to a larger renter pool and supportive leasing over time. According to CRE market data from WDSuite, rents sit on the lower end for the region, aiding retention and collections, though pricing power may be moderate.
Key considerations include the car-dependent setting with limited nearby amenities, below-average school ratings at the neighborhood level, and metro-relative crime that warrants standard security measures. Offsetting factors include improving safety trends, a broadening 3‑mile renter base with rising incomes, and competitive positioning versus older stock. Targeted capital—common-area refreshes and systems upkeep typical for a 2010 build—can help sustain occupancy and NOI without overcapitalization.
- 2010 vintage offers competitive positioning versus older neighborhood stock, with manageable mid-life capex planning.
- Lower regional rent levels support lease retention and stable collections for cost-conscious renters.
- Expanding 3‑mile population and households indicate a growing tenant base supporting occupancy stability.
- Employer access to mining, energy, and financial services underpins workforce demand and commute convenience.
- Risks: limited nearby amenities, below-average school ratings, and metro-relative crime call for active management and thoughtful security.