| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Best |
| Demographics | 18th | Poor |
| Amenities | 53rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2211 Del Rio Blvd, Eagle Pass, TX, 78852, US |
| Region / Metro | Eagle Pass |
| Year of Construction | 1972 |
| Units | 64 |
| Transaction Date | 2019-03-20 |
| Transaction Price | $36,250,000 |
| Buyer | 2211 DEL RIO BLVD LLC |
| Seller | LAS PALMAS LIMITED PARTENSHIP |
2211 Del Rio Blvd Eagle Pass Multifamily Investment
Positioned in a neighborhood that is competitive among Eagle Pass submarkets, this 64-unit asset benefits from steady renter demand and improving occupancy, according to WDSuite’s CRE market data.
The surrounding neighborhood is competitive among Eagle Pass neighborhoods (ranked 6 out of 16 with a B+ rating), with everyday conveniences close by. Restaurant and grocery density score well compared with peers (both competitive among 16 local neighborhoods and in the top quintile nationally), supporting day-to-day livability that helps leasing and retention.
Neighborhood occupancy is around 90% and has trended higher over the past five years, signaling demand resilience that can support income stability through cycles. Median contract rents in the neighborhood remain lower than many U.S. areas, which can aid lease-up velocity, though it also implies careful revenue management to capture growth without elevating turnover risk.
The property’s 1972 vintage is older than the neighborhood’s average construction year (1998). For investors, that typically points to near- and medium-term capital planning for systems and interiors, with potential value-add upside to reposition against newer competitive stock.
Within a 3-mile radius, demographics show recent population softness but an expected return to modest growth by 2028 alongside a projected increase in household count and smaller average household sizes. For multifamily, a larger number of smaller households can translate into a broader renter pool and support occupancy stability.
Ownership costs in the neighborhood sit on the higher side relative to incomes (high value-to-income metrics and elevated home values by national comparison). That dynamic tends to reinforce renter reliance on multifamily housing, which can underpin demand depth and pricing power. At the same time, a rent-to-income ratio near one-third suggests some affordability pressure, calling for disciplined lease management.
Amenities are a relative strength: cafes and groceries are competitive locally and strong nationally, while parks and pharmacies are limited in this immediate area. Average school ratings trend lower versus national benchmarks, which may influence family renter preferences and should be considered in marketing and unit-mix strategy.
Comparable crime metrics were not available in WDSuite for this neighborhood at the time of publication. Investors should rely on trend-based, area-wide comparisons and local public sources to contextualize safety alongside nearby Eagle Pass neighborhoods and the broader region.
This asset offers stable neighborhood fundamentals with room to create value. Neighborhood occupancy has improved over the past five years, amenities are relatively strong versus local peers, and homeownership costs look elevated compared with incomes—factors that typically support renter demand and leasing durability. The 1972 vintage points to a value-add path through targeted renovations and systems upgrades to better compete with newer stock.
According to CRE market data from WDSuite, the area’s renter concentration within 3 miles is meaningful, and projections indicate modest population growth with a larger number of smaller households by 2028—conditions that can expand the tenant base and support steady absorption. Investors should balance this with prudent underwriting around affordability, given lower school ratings and limited park/pharmacy access in the immediate neighborhood.
- Improving neighborhood occupancy supports income stability
- 1972 vintage offers value-add and renovation upside versus newer comparables
- Elevated ownership costs relative to incomes reinforce multifamily demand
- 3-mile outlook shows more, smaller households—broader renter pool potential
- Risk: affordability pressure and lower school ratings may affect retention and family demand