| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Good |
| Demographics | 51st | Best |
| Amenities | 42nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2119 N Veterans Blvd, Eagle Pass, TX, 78852, US |
| Region / Metro | Eagle Pass |
| Year of Construction | 1996 |
| Units | 88 |
| Transaction Date | 2007-11-27 |
| Transaction Price | $2,600,000 |
| Buyer | PEREZ OSVALDO |
| Seller | LAMPASITOS LAND LTD |
2119 N Veterans Blvd Eagle Pass Multifamily Investment
Neighborhood occupancy in the low-90% range and a renter-occupied share near two-fifths suggest steady renter demand in this inner-suburban pocket of Eagle Pass, according to WDSuite’s CRE market data.
Located in Eagle Pass’s inner-suburban fabric, the property sits in a neighborhood rated A- (ranked 4th among 16 metro neighborhoods), signaling competitive livability and stable housing dynamics for multifamily. Neighborhood occupancy is above the national median, supporting lease-up and renewal prospects while helping underpin income stability for professionally managed assets.
Daily-needs access is a relative strength: grocery options rank 3rd of 16 locally and in the 93rd percentile nationally, with pharmacies also strong (2nd of 16; 88th percentile). By contrast, cafe and park density are limited (both in the lowest local ranks), which may modestly cap lifestyle appeal compared with amenity-rich urban submarkets. For investors, the mix points to convenience-led demand more than discretionary amenity draw.
Renter concentration at the neighborhood level is above most U.S. areas (national 81st percentile), indicating depth in the tenant base and potential support for occupancy. Median asking rents in the neighborhood are on the lower side nationally, and the rent-to-income ratio around 12% suggests manageable rent levels that can aid retention and reduce turnover risk. Median school ratings trend slightly above national norms (61st percentile), adding family-oriented stability without commanding premium pricing.
Within a 3-mile radius, demographics show recent population contraction but forward-looking growth: WDSuite data indicate population is projected to expand over the next five years alongside a sizable increase in households and smaller average household sizes. For multifamily, a rising household count with shrinking household size typically broadens the renter pool and supports sustained absorption, though it may also increase competition among properties to capture demand.
Neighborhood-level crime metrics are not available for this location in WDSuite at this time. Investors typically benchmark property performance and loss assumptions against city and county trends, track owner-reported incidents, and incorporate on-site measures (lighting, access control, monitoring) into underwriting and operational plans. As new data become available, comparing neighborhood safety to metro norms can clarify risk positioning.
Built in 1996 and totaling 88 units, the asset aligns with the neighborhood’s established housing stock while offering potential to outperform older local inventory with targeted modernization. Neighborhood occupancy trends in the low 90% range and an above-average renter concentration support a stable tenant base, while grocery and pharmacy access strengthen day-to-day convenience. According to CRE market data from WDSuite, neighborhood rents sit at relatively accessible levels, which can aid retention and preserve cash flow consistency.
Within a 3-mile radius, WDSuite indicates household counts are projected to rise meaningfully over the next five years as average household size trends lower—conditions that often enlarge the renter pool and support sustained leasing. Balanced against this, home values are relatively accessible in the local context, which can create some competition with ownership; prudent pricing, value-oriented renovations, and resident experience can help sustain occupancy and renewal momentum.
- Neighborhood occupancy above national median supports income stability
- 1996 vintage offers value-add via targeted interior and systems upgrades
- Strong daily-needs access (grocery/pharmacy) underpins convenience-led demand
- 3-mile radius shows rising households and smaller sizes, expanding renter pool
- Risk: relatively accessible homeownership and limited cafe/park density may temper rent growth