| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 32nd | Poor |
| Demographics | 22nd | Fair |
| Amenities | 20th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 513 W Expressway 83, Donna, TX, 78537, US |
| Region / Metro | Donna |
| Year of Construction | 1976 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
513 W Expressway 83, Donna TX Multifamily Investment
Neighborhood occupancy near 89% and steady household growth within a 3-mile radius point to durable renter demand, according to WDSuite’s CRE market data. With a smaller-unit profile, the asset can compete on price and lease-up flexibility in a value-oriented Rio Grande Valley location.
The property sits in a value-driven pocket of the McAllen–Edinburg–Mission metro. The neighborhood holds a C rating and ranks 150 out of 205 metro neighborhoods, placing it in the lower half locally while still supported by regional employment centers. Neighborhood occupancy is 89.2% (ranked 105 of 205), indicating stable leasing conditions rather than peak tightness.
Within a 3-mile radius, population and households each increased by roughly mid-to-high single digits over the last five years, and WDSuite’s 2028 outlook points to additional population and household gains. This translates to a larger tenant base and supports occupancy stability, especially for smaller, budget-friendly units.
Tenure data within a 3-mile radius shows about 17% of housing units are renter-occupied, reflecting a thinner renter pool than highly urban submarkets. For investors, this suggests demand skews toward essential housing and price-sensitive renters; effective leasing and competitive positioning can help maintain absorption and retention.
Local amenities are limited by metro standards (amenities score near the 20th percentile nationally), though café density performs comparatively better (around the 70th percentile), and average school ratings are midpack nationally and competitive among McAllen–Edinburg–Mission neighborhoods (ranked 64 of 205). Median home values in the neighborhood are on the low end regionally, which can introduce competition from entry-level ownership; pricing and value-add differentiation are important for lease retention.
Vintage context matters: the neighborhood’s average construction year trends newer (2003). Built in 1976, the subject is older than nearby stock, which points to capital planning and renovation upside to enhance competitiveness against younger properties.
Neighborhood-level crime metrics are not available in WDSuite for this area, so comparative safety insights are limited. Investors typically contextualize risk by reviewing city and county trend sources alongside property-level security measures and resident feedback before underwriting.
The broader employment base includes logistics and corporate services that support workforce housing demand and commuting patterns relevant to Donna. The items below highlight nearby employers that can influence renter demand and retention.
- R R Donnelley & Sons — printing & corporate services (20.7 miles)
- United Parcel Service — logistics & distribution (23.0 miles)
This 24-unit asset with smaller average floorplans positions well for value-oriented renters in the Rio Grande Valley. Neighborhood occupancy of 89.2% indicates a stable leasing backdrop, while 3-mile radius trends show growing population and households, expanding the renter pool and supporting steady absorption. Built in 1976, the property is older than the neighborhood’s average vintage, creating clear value-add pathways through selective renovations and operational improvements. According to CRE market data from WDSuite, local home values are comparatively low, which can create competition from ownership; disciplined pricing and targeted upgrades can reinforce retention.
Overall, the thesis centers on durable demand for essential housing, operational upside from modernization, and steady—if not top-tier—neighborhood fundamentals that can support consistent occupancy with thoughtful asset management.
- Stable neighborhood occupancy with expanding 3-mile renter base supports ongoing leasing momentum.
- 1976 vintage offers value-add potential to compete against newer local stock.
- Smaller average unit size can enhance price competitiveness and absorption in a value-focused market.
- Risk: lower-cost ownership options in the area may pressure pricing power; careful amenity and upgrade strategy can support retention.