| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Fair |
| Demographics | 11th | Poor |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13041 Socorro Rd, San Elizario, TX, 79849, US |
| Region / Metro | San Elizario |
| Year of Construction | 2013 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
13041 Socorro Rd, San Elizario 26-Unit Multifamily
Neighborhood occupancy sits around the metro mid-range, pointing to steady leasing potential for workforce renters, according to WDSuite’s CRE market data. The property’s 2013 vintage offers competitive positioning versus older nearby stock.
Located in San Elizario within the El Paso, TX metro, the neighborhood skews suburban with a renter-occupied share around one-quarter of housing units (neighborhood-level tenure). For multifamily owners, that indicates a shallower but durable tenant base, with leasing driven more by local employment and household formation than by transient demand, based on CRE market data from WDSuite.
Neighborhood occupancy is in the national mid-range (ranked 129 of 189 metro neighborhoods), suggesting stable but competitive leasing conditions. Median asking rents at the neighborhood level trend below national norms, which can support retention but may limit near-term pricing power. Home values in the neighborhood are also lower than many U.S. areas, meaning the ownership market is comparatively accessible; investors should underwrite some competition from entry-level ownership when assessing rent growth.
The average construction year in the neighborhood skews relatively new compared with many U.S. areas, and this asset’s 2013 delivery positions it as newer than the local average (2006). For investors, that can translate to fewer near-term capital items and solid curb appeal versus older comparables, while still planning for mid-life system updates and modest repositioning to sustain competitiveness.
Amenities are sparse within the immediate neighborhood (few cafes, restaurants, groceries, parks, or pharmacies). That car-oriented pattern places more weight on proximity to employment nodes and arterials for demand capture rather than walkable amenity pull. School ratings at the neighborhood level are below the national median, which may modestly influence family renter preferences but is often offset by value-seeking demand in workforce segments.
Within a 3-mile radius, demographics indicate recent population and household growth, with additional household expansion projected over the next five years. A decrease in average household size in recent years suggests more households supported by similar population levels—expanding the potential renter pool and supporting occupancy stability, even if rents remain value-focused.
Relative to the El Paso metro, the neighborhood’s crime rank is 25 out of 189, placing it among the stronger-performing areas locally. Nationally, the neighborhood trends above average for safety, with violent offense indicators in the upper half of neighborhoods and property offense around the national middle.
Recent trends are favorable: estimated year-over-year declines in both violent and property offense rates place the neighborhood among the stronger improvers metro-wide. For investors, this trajectory supports steady renter interest and lease retention without relying on block-level assumptions.
Nearby employers provide a regional employment base that supports workforce housing demand and commute convenience for renters. Key nodes include Freeport-McMoRan, Western Refining, and Charles Schwab.
- Freeport Mcmoran-El Paso — mining & metals offices (14.2 miles)
- Western Refining — energy refining (18.0 miles) — HQ
- Charles Schwab — financial services (20.7 miles)
This 26-unit property, built in 2013, aligns well with workforce demand in a suburban pocket of the El Paso metro where neighborhood occupancy is mid-range and rents sit below national levels. The asset’s newer vintage relative to the neighborhood average (2006) offers competitive positioning versus older stock, with potential to capture value through modest upgrades and disciplined lease management. Within a 3-mile radius, population and household counts have expanded and are projected to continue growing, pointing to a larger tenant base and support for occupancy stability over the medium term, according to commercial real estate analysis informed by WDSuite’s data.
Counterpoints to underwrite include a majority owner-occupied housing landscape (renter concentration around one-quarter), sparse nearby amenities, and neighborhood-level school ratings that trail national medians. Lower neighborhood home values can increase competition from entry-level ownership, and forward-looking rent benchmarks indicate value-oriented pricing may persist; operators should emphasize retention, renewals, and operational efficiency to sustain NOI.
- 2013 vintage outcompetes older local stock; plan for mid-life system updates
- Expanding 3-mile population and households support a broader renter pool and occupancy stability
- Neighborhood rents below national norms favor retention and steady lease-ups
- Risks: majority owner-occupied area, limited nearby amenities, and value-focused rent outlook