| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Good |
| Demographics | 76th | Best |
| Amenities | 53rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6200 N 1st Ln, McAllen, TX, 78504, US |
| Region / Metro | McAllen |
| Year of Construction | 1974 |
| Units | 54 |
| Transaction Date | 2003-01-07 |
| Transaction Price | $1,500,000 |
| Buyer | Zarga,LP |
| Seller | James P. Morin, et ux |
6200 N 1st Ln McAllen Multifamily Investment Opportunity
Positioned in an inner-suburban pocket of McAllen with strong incomes and highly rated schools, this asset offers durable renter demand and retention potential, according to WDSuite’s CRE market data. Neighborhood occupancy trends sit below the metro median, so operations should focus on leasing execution while leveraging a broadening tenant base.
The property sits in an Inner Suburb neighborhood rated A+ and ranked 9 of 205 within the McAllen-Edinburg-Mission metro—placing it in the top quartile among metro neighborhoods by overall fundamentals. Restaurants and daily-needs access score well for the area (restaurants are competitive within the metro and groceries, parks, and pharmacies trend above national medians), supporting day-to-day convenience that helps with leasing and retention.
School quality is a standout: the neighborhood’s average school rating ranks 1 of 205 locally and is in the 100th percentile nationally. For multifamily investors, strong schools often correlate with steady household formation and longer tenancy, particularly for family-oriented unit mixes.
Renter concentration varies by lens. At the immediate neighborhood level, 23.2% of housing units are renter-occupied—below many urban cores—implying a more ownership-tilted block mix. However, within a 3-mile radius, households have been expanding and the renter pool is deeper, supporting a stable base of prospective tenants. Household growth and an increasing number of families within this 3-mile radius point to a larger tenant base that can support occupancy over time.
Home values in the neighborhood are elevated relative to the region, while the rent-to-income ratio is low. This combination supports pricing power headroom with careful lease management, though the comparatively accessible ownership landscape can create competition with for-sale options. Investors should balance these dynamics when underwriting renewal assumptions and rent growth.
The neighborhood’s average construction vintage skews newer (mid-1990s). With a 1974 build, this property is older than the local average—raising the importance of capital planning and positioning for value-add and modernization to stay competitive against newer stock.
Comparable neighborhood crime metrics are not available in the provided dataset. Investors should benchmark property-level safety features, recent police reports, and citywide trends to contextualize risk, and compare against similar Inner Suburb locations across the McAllen-Edinburg-Mission metro for a like-for-like view.
Nearby employers provide a diversified employment base and convenient commutes that can support workforce housing demand, including logistics and corporate services with reasonable drive times.
- United Parcel Service — logistics (2.6 miles)
- R R Donnelley & Sons — corporate services (8.4 miles)
- Dish Network — telecommunications offices (33.9 miles)
6200 N 1st Ln combines a high-performing Inner Suburb location with demographic tailwinds. Within a 3-mile radius, population and household counts have been expanding, creating a larger tenant base that can support occupancy stability and leasing velocity. The neighborhood is top quartile among 205 metro neighborhoods by overall rating, and schools rank at the top locally—factors that typically align with steady renter demand and longer tenancy. According to CRE market data from WDSuite, neighborhood occupancy trends currently trail the metro median, so active leasing and renewal strategies will be key to outperform.
Built in 1974 with 54 units, the asset is older than the neighborhood’s mid-1990s average, suggesting clear value-add and modernization angles. Elevated home values alongside a low rent-to-income profile indicate room for disciplined rent growth while maintaining retention, though investors should account for competition from ownership options in underwriting.
- Inner Suburb location in a top-quartile neighborhood within the McAllen-Edinburg-Mission metro
- Expanding 3-mile household base supports a deeper tenant pool and leasing resilience
- Strong school ratings and daily-needs access bolster retention and family appeal
- 1974 vintage presents value-add and systems modernization opportunities to compete with newer stock
- Risks: neighborhood occupancy below metro median and potential competition from ownership alternatives