| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Good |
| Demographics | 26th | Fair |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1401 W Anaya Rd, Pharr, TX, 78577, US |
| Region / Metro | Pharr |
| Year of Construction | 2003 |
| Units | 112 |
| Transaction Date | 2013-05-20 |
| Transaction Price | $66,300 |
| Buyer | REYES GALVAN MARIA DE LA LUZ |
| Seller | THE TREEE RUPPERTS I LLC |
1401 W Anaya Rd Pharr Multifamily Opportunity
Neighborhood occupancy sits in the top quartile of the McAllen-Edinburg-Mission metro, supporting steady cash flow potential, according to WDSuite’s CRE market data. A larger household base within 3 miles further reinforces renter demand depth for a 112-unit asset.
The property is in a B-rated, rural-edge neighborhood of Pharr with occupancy that ranks 32nd out of 205 metro neighborhoods—top quartile locally and above the national average for similar areas. That backdrop typically supports lease stability for workforce-oriented product, with rents that skew toward the lower end of the metro aiding demand resiliency rather than peak pricing.
Schools test well: the neighborhood s average school rating ranks 6th of 205, placing performance in the top quartile nationally. For multifamily, stronger schools can bolster retention among family renters and reduce turnover seasonality.
Amenity access is mixed. Caf e9 density is competitive among McAllen-Edinburg-Mission neighborhoods (rank 45 of 205; national percentile 69), and grocery access trends above national midline. However, parks and pharmacies are limited in the immediate neighborhood (both ranked 205 of 205), so investors should underwrite resident convenience as more auto-oriented.
Tenure patterns point to a moderate renter base. Within the neighborhood, 33.7% of housing units are renter-occupied (above the national median share), indicating a meaningful tenant pool without overexposure. In the 3-mile radius, recent population and household growth have been strong, with additional increases projected—expanding the potential renter pool and supporting occupancy stability over the medium term.
Vintage matters: most nearby housing averages year 2000, while this asset a0was built in 2003. Being slightly newer than the area a0stock can help competitive positioning versus older properties, though investors should still plan for system updates and selective renovations to sustain rentability.
Neighborhood safety indicators are balanced. Crime ranks 34th out of 205 metro neighborhoods, placing the area above the metro median and near the national midline (around the 50th percentile). Recent trends are constructive: estimated violent incidents declined materially year over year (an improvement that sits around the 80th percentile nationally for trend), and property offense rates also improved (roughly the 60th percentile for trend). While block-level conditions can vary, the directional improvement supports stable operations assumptions compared with more volatile subareas.
- R R Donnelley & Sons printing & business services (4.4 miles)
- United Parcel Service logistics & distribution (7.7 miles)
- Dish Network communications services (34.5 miles)
1401 W Anaya Rd offers a 112-unit footprint in a neighborhood that posts top-quartile occupancy within the McAllen-Edinburg-Mission metro, a positive signal for income stability and lease-up confidence. Schools rank near the top locally, supporting family renter retention, while 3-mile population and household growth expand the tenant base over time. According to CRE market data from WDSuite, local rents and home values sit on the more accessible end of the spectrum, which supports demand depth but may limit near-term pricing power relative to higher-cost submarkets.
Built in 2003—slightly newer than the area a0average—this vintage can compete well against older stock. Investors should still plan for targeted capital to refresh interiors and common areas, especially given auto-oriented amenities (limited parks/pharmacies) and a renter share that is moderate rather than dominant. Underwriting that prioritizes retention, measured rent growth, and operational efficiency aligns with the submarket 19s fundamentals.
- Top-quartile neighborhood occupancy in the metro supports stable collections and leasing
- Strong school performance and 3-mile household growth bolster family renter retention
- 2003 vintage offers competitive positioning versus older stock with selective value-add upside
- Workforce-oriented rent context deepens demand but tempers near-term pricing power
- Risks: auto-oriented amenities and a moderate renter concentration may require stronger resident programming and renewal focus