| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Fair |
| Demographics | 39th | Good |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1006 Lilia Dr, Weslaco, TX, 78599, US |
| Region / Metro | Weslaco |
| Year of Construction | 2003 |
| Units | 53 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1006 Lilia Dr Weslaco TX Multifamily Opportunity
Renter-occupied housing comprises 35.6% of neighborhood units, suggesting a meaningful tenant base and stable leasing potential, according to WDSuite’s CRE market data. Neighborhood occupancy is lower than many metros, so disciplined leasing and renewals will be central to performance in this submarket.
This inner-suburb location offers everyday convenience that supports renter appeal. Neighborhood data from WDSuite shows dense food-and-beverage coverage (restaurants rank 8th of 205 metro neighborhoods; top-tier nationally) alongside strong pharmacy and grocery access (both in the upper national percentiles). While parks and formal childcare options are limited in the immediate area, daily needs and dining variety are easy to reach.
Schools trend favorable for the metro: the average school rating ranks 28 out of 205 neighborhoods in the McAllen–Edinburg–Mission area, placing the location above the metro median and around the upper-third nationally. For multifamily investors, this can support leasing velocity for family-oriented renters.
Tenure patterns indicate a moderate renter concentration: 35.6% of housing units are renter-occupied. That mix points to depth in the tenant base without overreliance on rentals, which can aid demand stability. Neighborhood rent-to-income of roughly 0.15 suggests manageable affordability pressure, reinforcing lease retention where management practices are strong.
The property’s 2003 construction is newer than the neighborhood’s average 1997 vintage. That relative youth can be an advantage versus older stock, though two-decade systems (roofing, HVAC, interiors) may be approaching typical refresh cycles—creating targeted value-add potential. Notably, neighborhood occupancy is ranked 189 of 205 (low nationally), signaling competitive leasing conditions; investors should focus on tenant retention and differentiated product positioning.
Within a 3-mile radius, WDSuite indicates population growth over the last five years with further gains projected, and households are expected to rise meaningfully as average household size trends smaller. Rising incomes in the radius and still-accessible contract rents underpin continued renter pool expansion and can support occupancy stability with thoughtful pricing and upgrade strategies.
WDSuite does not publish crime rate figures for this neighborhood in the current release. Investors should benchmark property-level security practices and nearby trend indicators against metro norms where data is available, and assess on-the-ground conditions during due diligence. Use consistent, comparative metrics rather than block-level anecdotes to gauge resident perception and retention risk.
Regional employers in logistics and corporate services within commuting distance contribute to a steady workforce renter base. The list below highlights nearby nodes that can support leasing durability through commute convenience.
- United Parcel Service — logistics & distribution (13.0 miles)
- R R Donnelley & Sons — corporate services & print (16.8 miles)
- Dish Network — communications services (20.8 miles)
Built in 2003, this 53-unit asset sits in a convenience-oriented Weslaco neighborhood with strong grocery, pharmacy, and dining access that supports everyday livability. Within a 3-mile radius, population and household counts have grown and are projected to expand further, implying a larger tenant base even as average household size declines—favorable dynamics for unit absorption and lease renewals. According to CRE market data from WDSuite, neighborhood rents remain relatively accessible versus incomes, which can support pricing power without overextending affordability.
Relative to older local stock (average 1997), the property’s vintage offers competitive positioning, while also presenting targeted value-add opportunities as systems and interiors reach mid-life. Key risks include lower neighborhood occupancy levels versus metro and national norms and limited parks/childcare amenities nearby; execution should emphasize differentiated finishes, amenity-light operational efficiency, and firm renewal strategies to sustain occupancy stability.
- Convenience location with strong grocery/pharmacy/dining access supporting renter demand
- 2003 vintage provides competitive edge versus older stock with clear value-add angles
- 3-mile radius shows growing population and households, expanding the tenant base
- Rents relatively accessible to incomes, aiding retention and measured rent growth
- Risk: neighborhood occupancy ranks low in the metro; success depends on leasing execution and renewals