| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Best |
| Demographics | 61st | Best |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 222 S Oklahoma Ave, Weslaco, TX, 78596, US |
| Region / Metro | Weslaco |
| Year of Construction | 1975 |
| Units | 20 |
| Transaction Date | 1997-07-11 |
| Transaction Price | $84,400 |
| Buyer | VILLARREAL ALFONSO |
| Seller | OLIVAREZ L C |
222 S Oklahoma Ave, Weslaco TX — Multifamily Value-Add
Positioned in an inner-suburban pocket of Weslaco with strong renter concentration, the asset offers attainable studios and a clear renovation angle, according to WDSuite’s CRE market data.
Weslaco’s inner-suburban neighborhood around 222 S Oklahoma Ave ranks 5th among 205 metro neighborhoods (A+ rating), indicating competitive fundamentals relative to the McAllen–Edinburg–Mission market. Amenity access skews practical: grocery, parks, and pharmacies trend in the top quartile nationally, while cafés are sparse. Average school quality in the area is competitive (top quartile nationally), supporting household stability and broad renter appeal.
The neighborhood’s renter concentration is high, with roughly half of housing units renter-occupied. For investors, that signals a deeper tenant base and ongoing multifamily demand. By contrast, neighborhood occupancy levels trend below metro norms, suggesting the need for active leasing and asset-specific positioning to capture demand and sustain collections.
Within a 3-mile radius, demographics point to a larger tenant pool over time: recent population growth is positive and households are projected to increase further, with smaller average household sizes indicating more households seeking units. Contract rents in the 3-mile radius have been rising and are projected to continue trending upward, supporting revenue management and lease trade-outs when paired with thoughtful unit upgrades.
Ownership dynamics are mixed. While headline home values are relatively accessible compared with many U.S. markets, the value-to-income ratio is elevated for the neighborhood, which can sustain reliance on rental housing and support retention for attainable multifamily units. The rent-to-income ratio is comparatively modest, which can allow measured pricing moves while maintaining lease stability and limiting turnover risk.
Vintage and unit profile
Built in 1975, the property is older than the neighborhood average vintage. Investors should plan for targeted capital expenditures (systems, exteriors, and unit interiors) and consider a value-add scope to improve competitiveness versus newer stock. With approximately 352 square feet per unit on average, the property’s small formats can position it as an attainable option for cost-conscious renters if finishes and operations are well executed.
Comparable safety context for this neighborhood is not available in the current WDSuite dataset. Investors commonly benchmark against city or county trendlines and on-site observations over multiple dayparts to assess resident experience and operational considerations. Where possible, pair external sources with property-level incident tracking for a consistent view over time.
Regional employers within commuting range help underpin renter demand for workforce housing, including logistics, print services, and telecommunications operations noted below.
- United Parcel Service — logistics/distribution (13.6 miles)
- R R Donnelley & Sons — print & business services (17.0 miles)
- Dish Network — telecommunications services (20.6 miles)
This 20‑unit, 1975-vintage asset offers a straightforward value‑add path in a neighborhood that ranks among the most competitive in the McAllen–Edinburg–Mission metro. High renter concentration indicates a deeper tenant pool, while a modest rent-to-income profile supports measured rent growth tied to upgrades. According to CRE market data from WDSuite, nearby amenities skew practical (grocery, parks, pharmacies), although cafés are limited, and neighborhood occupancy trends suggest execution will matter for lease-up and retention.
Within a 3‑mile radius, population and household counts are growing, with household sizes edging lower—factors that typically expand the renter pool and support occupancy stability. Pairing cosmetic and systems improvements with disciplined operations can reposition the property against older comparables and capture upward rent trends observed in the surrounding area.
- High renter concentration in the neighborhood supports a deeper tenant base and leasing momentum.
- 1975 vintage creates clear value‑add and capital planning opportunities to improve NOI.
- Practical amenity access (grocery, parks, pharmacies) and growing 3‑mile households support retention.
- Modest rent‑to‑income profile provides room for measured pricing with focus on renewal health.
- Risks: sub‑metro occupancy softness and limited café density require strong marketing and asset differentiation.