| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Good |
| Demographics | 22nd | Poor |
| Amenities | 23rd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 148 Buford Rd, Socorro, TX, 79927, US |
| Region / Metro | Socorro |
| Year of Construction | 1981 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
148 Buford Rd, Socorro TX Value-Add Multifamily
Owner-leaning neighborhood with stable occupancy suggests steady renter demand, according to WDSuite’s CRE market data, while the 1981 vintage points to practical renovation upside for leasing and rent positioning.
Socorro’s suburban setting delivers steady multifamily fundamentals more than lifestyle density. Neighborhood occupancy is competitive among El Paso neighborhoods (ranked 57 out of 189 locally with a strong national standing), supporting income stability for a 50‑unit asset. Renter concentration is modest (roughly one in five units are renter-occupied across the neighborhood), which indicates a smaller but potentially consistent tenant base.
Amenities trend thin compared with urban El Paso nodes. Restaurants are present at levels comparable to many suburban areas, while cafes, groceries, and pharmacies are sparse. Park access performs in the top quartile nationally, offering some livability support even as other amenities lag. Average school ratings sit around the national middle, which can aid family renter retention relative to lower-scoring subareas.
Demographics within a 3‑mile radius show recent population growth alongside a larger increase in households and a decline in average household size. This combination typically expands the pool of potential renters and can support occupancy stability. Median contract rents in the area remain accessible relative to incomes, helping manage affordability pressure and lease retention.
The property’s 1981 construction is older than the neighborhood’s average housing vintage (2004). For investors, that age profile implies targeted capital planning—interior turns, systems updates, or exterior refresh—to differentiate versus newer nearby stock and to capture value-add potential identified through multifamily property research.
Safety indicators are mixed but comparatively favorable in key categories. The neighborhood’s overall crime position is above the metro median (ranked 62 out of 189 El Paso neighborhoods), and violent-offense metrics sit in the top decile nationally—an encouraging signal for resident peace of mind and leasing stability. Property-offense levels also benchmark well nationally, though recent year-over-year trends show some volatility that warrants routine monitoring and proactive onsite security measures.
Proximity to regional employers supports a steady workforce tenant base and commute convenience, notably in resources, refining, and financial services. The following nearby anchors help underpin leasing demand:
- Freeport Mcmoran-El Paso — mining & resources offices (9.4 miles)
- Western Refining — energy & refining (13.9 miles) — HQ
- Charles Schwab — financial services (16.6 miles)
This 50‑unit asset at 148 Buford Rd benefits from a suburban neighborhood with competitive occupancy among El Paso submarkets and a renter base that, while smaller, has shown stability. According to CRE market data from WDSuite, local occupancy trends are solid versus national benchmarks, and rents remain manageable relative to area incomes—factors that can support retention and limit downside in softer cycles.
Built in 1981, the property is materially older than the neighborhood’s average vintage. That age difference points to a clear value‑add path: targeted interior upgrades and building-system improvements can sharpen competitive positioning against newer stock. Within a 3‑mile radius, recent population gains, faster household growth, and a projected expansion in households suggest a larger tenant base over time, which can support occupancy and measured rent growth if capital plans align with renter expectations. Key watch items include limited nearby amenities, an owner-leaning housing mix that narrows the renter pool, and recent variability in property-crime trends.
- Competitive neighborhood occupancy supports income stability
- 1981 vintage offers clear value‑add and modernization upside
- 3‑mile radius shows household growth, expanding the renter pool
- Rents positioned to manage affordability pressure and aid retention
- Risks: thin amenity density, smaller renter concentration, and property‑crime variability