| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Best |
| Demographics | 60th | Best |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 121 E Quamasia Ave, McAllen, TX, 78504, US |
| Region / Metro | McAllen |
| Year of Construction | 2004 |
| Units | 120 |
| Transaction Date | 2014-08-15 |
| Transaction Price | $9,050,000 |
| Buyer | Catalyst Nolana, LLC |
| Seller | --- |
121 E Quamasia Ave McAllen Multifamily Investment Opportunity
Positioned in McAllens inner-suburban corridor, this 120-unit, 2004-vintage asset benefits from a deep renter base and steady neighborhood fundamentals, according to WDSuites CRE market data. Expect demand supported by a sizable 3-mile household base and balanced rent levels that can aid retention.
Located in an Inner Suburb of McAllen, the property sits in a neighborhood rated A and is competitive among McAllen-Edinburg-Mission neighborhoods (ranked 21 out of 205). The 2004 construction is newer than the neighborhoods average 1997 vintage, which can enhance leasing competitiveness versus older stock while still allowing for targeted modernization to improve unit finishes and common areas over time.
Local daily-needs access is a practical strength: grocery availability sits around the 82nd percentile nationally and pharmacies near the 83rd percentile, while restaurants score around the 90th percentile. Parks and cafes are limited within the immediate neighborhood, so on-site amenities and property programming may play a larger role in resident satisfaction.
For investors focused on renter depth, the neighborhoods renter-occupied share is 53.6% of housing units (rank 16 of 205), indicating a strong renter concentration that supports multifamily demand. Neighborhood occupancy is measured at 85.9% (rank 138 of 205), suggesting room to outperform with effective management, renewal strategies, and targeted value-add.
Within a 3-mile radius, demographics indicate a larger tenant base with recent population growth and a 5-year increase in households that supports occupancy stability. Forward-looking estimates point to additional population and household gains, implying a larger renter pool and steady leasing pipelines. Median home values in the neighborhood are elevated for the metro context, and with a rent-to-income ratio near 0.21, lease management can balance pricing power with retention. These trends are based on commercial real estate analysis from WDSuite and reflect the broader metros attainable positioning versus higher-cost Texas markets.
Safety indicators compare favorably to many neighborhoods nationwide. Neighborhood-level measures align with higher national safety percentiles for both violent and property offenses, with property-related measures in a particularly strong position. Recent trends are mixed: property offense rates have declined sharply year over year, while violent offense metrics have risen over the same period. Investors should underwrite with a focus on on-site controls, lighting, and resident engagement to sustain leasing and renewal performance.
- United Parcel Service logistics (1.5 miles)
- R R Donnelley & Sons corporate services (7.4 miles)
- Dish Network telecommunications operations (33.9 miles)
Nearby employers provide a stable regional employment base that supports renter demand and commute convenience, led by logistics and corporate services within a typical daily-drive shed.
121 E Quamasia Ave combines newer-vintage construction (2004) with a neighborhood that is competitive within the McAllen-Edinburg-Mission metro, supporting leasing against older comparables while leaving room for targeted renovations. Renter concentration is high in the immediate neighborhood, creating depth in the tenant base, and 3-mile demographic trends signal ongoing population and household growth that can support occupancy stability. Balanced rent levels relative to incomes provide scope for disciplined rent management without overextending affordability.
According to CRE market data from WDSuite, daily-needs access (grocery, pharmacy, restaurants) is a local strength, while limited parks and cafes put a premium on on-site amenities and management quality. Neighborhood occupancy trails stronger submarkets, so execution around renewal capture, unit upgrades, and marketing will be central to outperforming.
- Newer 2004 vintage enhances competitive positioning versus older area stock, with selective value-add potential
- Strong renter concentration locally supports a deeper tenant base and leasing resilience
- 3-mile population and household growth point to a larger renter pool and support for occupancy
- Daily-needs proximity (grocery, pharmacy, restaurants) underpins resident convenience and retention
- Risk: Neighborhood occupancy lags stronger submarkets; performance depends on execution and on-site amenity strategy