| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Good |
| Demographics | 37th | Good |
| Amenities | 59th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2401 La Vista Ave, McAllen, TX, 78501, US |
| Region / Metro | McAllen |
| Year of Construction | 1974 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2401 La Vista Ave McAllen Multifamily Investment
Neighborhood occupancy trends in the high-80s and proximity to employment nodes indicate steady renter demand, according to WDSuite’s CRE market data.
Located in an Inner Suburb of McAllen, the neighborhood rates A- and ranks 43rd of 205 metro neighborhoods, placing it competitive among McAllen-Edinburg-Mission submarkets. Amenity access is strong at the metro level (27th of 205, top quartile among 205 metro neighborhoods), with restaurants performing in the top quartile nationally, while pharmacies are among the strongest nationally. By contrast, parks and cafés are limited locally, which may temper lifestyle appeal and should be weighed against the area’s everyday convenience.
For investors, the rent and occupancy backdrop is constructive from an affordability standpoint. Neighborhood median contract rents sit well below national levels yet have advanced over the past five years, supporting gradual revenue management upside rather than dependence on outsized rent spikes. Neighborhood occupancy has been in the high-80s and has softened modestly over five years; this context supports prudent underwriting of lease-up and renewal assumptions rather than aggressive vacancy compression.
Within a 3‑mile radius, demographics point to a sizable workforce renter pool: households have increased modestly, renter-occupied housing comprises roughly four in ten units, and projections show additional household growth alongside smaller average household sizes. This combination typically supports demand for efficient floorplans and helps stabilize occupancy for workforce-oriented product.
The property’s 1974 vintage is older than the neighborhood average construction year, which highlights both value‑add potential through interior and systems upgrades and the need for disciplined capital planning. Given relatively accessible ownership costs in the metro, investors should expect some competition from entry-level ownership; however, the neighborhood’s rental affordability and deep everyday-service amenities can reinforce tenant retention and leasing stability.
Comparable crime rankings were not available for this neighborhood in WDSuite at the time of analysis. Investors commonly contextualize safety by benchmarking trends against the broader McAllen-Edinburg-Mission metro and by evaluating submarket-level patterns rather than block-level snapshots. Use consistent metro comparisons and multi-year trend views when assessing risk and insurance underwriting.
Nearby corporate offices provide a practical employment base that supports renter demand through commute convenience, including parcel logistics, communications, and commercial printing services.
- United Parcel Service — parcel logistics (2.5 miles)
- R R Donnelley & Sons — commercial printing & marketing services (5.8 miles)
- Dish Network — telecommunications (35.8 miles)
This 48‑unit, 1974 vintage asset offers a workforce‑oriented unit mix with efficient average floorplans, positioned in a neighborhood that is competitive within the McAllen metro. According to CRE market data from WDSuite, neighborhood occupancy has held in the high‑80s with modest softening, while median rents remain low relative to national levels yet have trended upward—an attractive profile for disciplined revenue management and tenant retention.
Local fundamentals feature strong everyday services and highly rated schools at the metro level, alongside a sizable renter base within 3 miles and forecast household growth that can expand the tenant pool. The vintage creates clear value‑add and systems‑upgrade opportunities; underwriting should also account for potential competition from accessible ownership options and normalizing vacancy dynamics.
- Competitive Inner Suburb location with strong everyday amenities and highly rated schools supporting leasing stability
- Rent levels below national norms with recent growth enable pragmatic pricing power without overreliance on outsized increases
- 1974 vintage presents value‑add potential through interior refresh and systems modernization, guided by targeted capex planning
- Risks: modest occupancy softening at the neighborhood level and competition from entry‑level ownership; incorporate conservative vacancy and renewal assumptions