| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Good |
| Demographics | 23rd | Fair |
| Amenities | 86th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 724 S Bibb Ave, Eagle Pass, TX, 78852, US |
| Region / Metro | Eagle Pass |
| Year of Construction | 2003 |
| Units | 23 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
724 S Bibb Ave Eagle Pass Multifamily Investment
Neighborhood occupancy is solid at 96.3% and has trended upward, suggesting stable renter demand in Eagle Pass, according to WDSuite’s CRE market data.
This suburban pocket of Eagle Pass rates A+ and ranks 1st among 16 metro neighborhoods, with amenity access that is competitive even by national standards. Cafes, groceries, restaurants, parks, and pharmacies score in the top quartile nationally, supporting daily convenience and tenant retention for workforce-oriented assets.
Neighborhood occupancy stands at 96.3% and is in the 79th national percentile, indicating resilient leasing fundamentals relative to similar areas nationwide. Rents in the area remain comparatively accessible, and the rent-to-income ratio sits above the national median percentile, which can support lease stability while still requiring disciplined renewal management.
The property’s 2003 vintage is slightly older than the neighborhood’s average construction year of 2007 (ranked 10th among 16 metro neighborhoods), pointing to potential value-add through targeted unit and system updates to compete with newer stock. The local renter-occupied share is roughly one-quarter of housing units, so assets may lean on amenity proximity and pricing consistency to attract and retain tenants within a more ownership-heavy context.
Within a 3-mile radius, household counts have grown modestly and are projected to rise further by 2028 while average household size trends lower. That mix implies a larger tenant base composed of smaller households over time, which can support absorption and occupancy stability for well-managed multifamily properties.
Home values in this submarket are lower relative to national norms, creating a high-cost-of-ownership contrast that is less pronounced than in major metros; however, rental options still present accessible monthly payments for many households, reinforcing multifamily demand. Average school ratings trail the national median, which some family renters may weigh when considering longer-term stays.
Comparable neighborhood crime data are not available in WDSuite for this location, so investors should rely on local sources and trend comparisons at the city and county level to evaluate security practices and property-level mitigation. In markets with limited published statistics, on-the-ground diligence—touring at multiple times of day and reviewing recent incident logs—helps contextualize leasing risk and operating needs.
The investment case centers on stable neighborhood occupancy, strong daily-needs amenity access, and a renter base supported by accessible rents relative to incomes. Based on CRE market data from WDSuite, the submarket’s occupancy sits in the upper national tiers, suggesting durable leasing even as renters weigh ownership options.
Built in 2003, the asset may benefit from targeted renovations to sharpen competitive positioning against newer nearby product. Within a 3-mile radius, households are expanding and average household size is easing, pointing to a broader renter pool with more, smaller households—conditions that can sustain absorption and reduce downtime when paired with disciplined leasing and renewal strategies. Key watch items include below-median school ratings and a smaller local renter-occupied share, which warrant careful marketing and amenity programming to maintain demand depth.
- Occupancy in the neighborhood is strong and trending upward, supporting cash flow stability.
- Daily-needs amenities score in the top national quartile, aiding retention and leasing velocity.
- 2003 vintage offers value-add potential through selective interior and system upgrades.
- 3-mile household growth and smaller household sizes expand the renter pool over time.
- Risks: below-median school ratings and a more ownership-heavy neighborhood require focused marketing and pricing discipline.