| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Best |
| Demographics | 18th | Poor |
| Amenities | 53rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2237 Del Rio Blvd, Eagle Pass, TX, 78852, US |
| Region / Metro | Eagle Pass |
| Year of Construction | 1989 |
| Units | 32 |
| Transaction Date | 2005-09-27 |
| Transaction Price | $136,800 |
| Buyer | HESLES ANGELICA |
| Seller | TINAJERO NOE |
2237 Del Rio Blvd Eagle Pass Multifamily Opportunity
Neighborhood fundamentals point to steady renter demand supported by a sizable renter-occupied share, according to WDSuite s CRE market data. Investors should view this as a workforce-oriented asset with durable tenant depth in Eagle Pass.
The property sits in an Inner Suburb neighborhood of Eagle Pass rated B+ among 16 metro neighborhoods, indicating broadly solid livability for workforce housing. Caf e9 and restaurant densities rank competitive among Eagle Pass neighborhoods (ranks 4 and 3 of 16, respectively), which supports everyday convenience for residents. However, park and pharmacy access are limited within the neighborhood, which may modestly affect lifestyle appeal for certain tenant profiles.
Neighborhood occupancy is around the low-90s and has improved over the last five years, suggesting reasonably stable leasing conditions even if not at the metro a0median. Importantly, renter-occupied housing accounts for a sizable share of neighborhood units (rank 4 of 16; high national percentile), which typically supports a deeper tenant base and steadier turnover for smaller-format apartments.
Home values are elevated relative to local incomes, which tends to reinforce reliance on rental options and can aid pricing power and retention for well-managed assets. At the same time, the neighborhood a0rent-to-income ratio sits on the higher side, implying affordability pressure in parts of the renter pool a0 a0an item for proactive lease management rather than a near-term demand headwind.
Within a 3-mile radius, recent data show population and household counts softened over the past five years, while projections indicate a return to growth in population and a notable increase in households alongside smaller average household sizes. For investors, that mix implies a gradual expansion of the renter pool and support for occupancy stability as more, smaller households form and look to rental housing. School ratings trail metro norms, which is relevant for family-oriented demand but less material for studios and smaller units.
Vintage context matters: neighborhood housing skews newer on average (late 1990s), while this property a0was built in 1989. That older-than-neighborhood vintage points to potential value-add through interior updates and systems upgrades to remain competitive with newer stock.
Comparable crime metrics for this neighborhood are not available in the current WDSuite dataset. Without standardized figures, investors should benchmark safety using city and county public sources and compare trends to other Eagle Pass submarkets to maintain consistent underwriting assumptions.
Built in 1989, this 32-unit asset offers a workforce-oriented profile in a neighborhood with competitive everyday amenities and a sizable renter concentration. According to CRE market data from WDSuite, neighborhood occupancy has trended upward over five years, and elevated ownership costs relative to incomes support ongoing reliance on rentals a constructive backdrop for smaller-format units. The older vintage versus neighborhood norms also creates clear value-add angles through modernization to enhance leasing and retention.
Key considerations include limited parks/pharmacy access, below-metro school ratings, and signs of affordability pressure, which call for disciplined rent setting and tenant experience management. Forward-looking neighborhood and 3-mile projections indicate growth in households and smaller household sizes, which can expand the tenant base and support occupancy stability over the medium term.
- Sizable neighborhood renter concentration supports depth of tenant demand
- 1989 vintage offers value-add potential to compete with newer nearby stock
- Elevated ownership costs versus incomes reinforce rental reliance and retention
- Household growth and smaller household sizes (3-mile radius) support occupancy stability
- Risks: limited parks/pharmacy access, lower school ratings, and affordability pressure require active lease management