| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Good |
| Demographics | 39th | Good |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2102 Elisa Ln, Edinburg, TX, 78541, US |
| Region / Metro | Edinburg |
| Year of Construction | 1996 |
| Units | 96 |
| Transaction Date | 2012-08-01 |
| Transaction Price | $4,000,000 |
| Buyer | --- |
| Seller | Las Violetas, Inc |
2102 Elisa Ln Edinburg Multifamily Investment
Strong renter concentration and everyday amenities in an inner-suburban pocket of Edinburg support durable tenant demand, according to WDSuite’s CRE market data.
This inner-suburban neighborhood carries an A- rating and ranks 40 out of 205 in the McAllen–Edinburg–Mission metro, placing it in the top quartile among metro neighborhoods. For investors, that standing signals competitive livability and demand fundamentals relative to the broader market.
Daily-needs access is a clear strength: grocery density sits in a high national percentile alongside above-average restaurant, café, and childcare availability. Green space and pharmacy access are more limited locally, which may modestly affect walk-to conveniences but does not negate the area’s core service coverage.
The neighborhood’s share of renter-occupied housing units is among the highest locally, indicating a deep tenant base that can support leasing velocity and occupancy stability. Median neighborhood occupancy trends around the metro median, suggesting steady but competitive conditions for lease-up and renewals. In a high-cost ownership market this would translate to pronounced pricing power; here, more accessible ownership options mean operators may focus on service quality and unit finishes to sustain retention.
Construction year averages trend around 2002 for the neighborhood, while the property was built in 1996. The slightly older vintage points to potential value-add through targeted renovations and capital planning to remain competitive versus newer stock. Average unit sizes near 915 sf support a broad renter profile from singles to small families.
Within a 3-mile radius, population has grown and households expanded meaningfully, with forecasts calling for further population growth and a sizable increase in households by 2028. This trajectory implies a larger tenant base and continued renter pool expansion, which can underpin occupancy and rent trade-outs. Mid-range rent levels and a moderate rent-to-income ratio help manage affordability pressure—useful for renewal strategies and minimizing turnover—while still allowing for measured upgrades supported by multifamily property research from WDSuite.
Relative to U.S. neighborhoods, local safety indicators track below average (roughly the lower third nationally), and the neighborhood ranks on the lower end within the McAllen–Edinburg–Mission metro (58 out of 205), indicating higher reported crime versus many metro peers. Recent trends show an improvement in violent incidents year over year, suggesting conditions may be stabilizing rather than deteriorating.
For underwriting, this typically points to emphasizing lighting, access control, and community engagement, while positioning the asset’s strengths in convenience and renter-serving amenities to support retention. Comparisons should be made to similarly situated inner-suburban assets rather than metro-wide averages to gauge appropriate operating assumptions.
Nearby employment is anchored by logistics, print/communications, and telecommunications operations, supporting a broad base of renters with convenient commutes to United Parcel Service, R R Donnelley & Sons, and Dish Network.
- United Parcel Service — logistics & shipping (6.1 miles)
- R R Donnelley & Sons — printing & communications (12.2 miles)
- Dish Network — telecommunications operations (32.9 miles)
Built in 1996 with 96 units averaging roughly 915 sf, the asset sits in a top-quartile neighborhood within the McAllen–Edinburg–Mission metro, where renter concentration is among the highest locally. Daily-needs retail depth supports leasing fundamentals, while the ownership landscape is relatively accessible, meaning operators can differentiate through renovations and service to sustain occupancy and drive steady trade-outs. According to CRE market data from WDSuite, neighborhood occupancy trends around the metro median, aligning with a thesis of stable demand rather than outsized growth.
Demographic data aggregated within a 3-mile radius shows recent population growth and a notable increase in households, with further growth forecast through 2028—signals of a larger tenant base and continued renter pool expansion. The property’s slightly older vintage versus neighborhood averages highlights practical value-add potential and the importance of capital planning to sharpen competitive positioning against newer stock.
- Top-quartile neighborhood standing in the metro supports durable renter demand
- High renter concentration locally deepens the tenant base and aids leasing stability
- 1996 vintage offers value-add and capex upside to compete with newer product
- Demand catalysts: 3-mile population and household growth expand the renter pool
- Risks: below-average safety and limited park/pharmacy access; accessible ownership options may require sharper pricing and amenity positioning