| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 31st | Poor |
| Demographics | 15th | Poor |
| Amenities | 50th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1101 Rincon Rd, Taft, TX, 78390, US |
| Region / Metro | Taft |
| Year of Construction | 1999 |
| Units | 36 |
| Transaction Date | 2022-10-03 |
| Transaction Price | $2,509,710 |
| Buyer | HARLINGEN COMMUNITY DEVELOPMENT CORPORATION |
| Seller | MURRAY CHRISTOPHER R |
1101 Rincon Rd Taft — 1999 Vintage, 36‑Unit Multifamily
Positioned for steady workforce demand with manageable rent-to-income dynamics, according to WDSuite’s CRE market data, while current neighborhood occupancy trends warrant attentive lease management.
This rural Corpus Christi–area location offers everyday convenience over lifestyle retail. Neighborhood amenity access is competitive among Corpus Christi neighborhoods (34th of 121), with groceries, parks, and pharmacies testing above national midpoints, though dining and café options are limited. For family renters, average school ratings sit well below national norms, which can influence tenant retention among households prioritizing K–12 outcomes.
The property’s 1999 construction is newer than the neighborhood’s typical 1970s stock. That positioning can support leasing versus older comparables, while prudent capital planning should account for mid-life building systems and selective modernization to sustain competitiveness.
Within a 3-mile radius, demographics indicate a larger-household profile and a renter-occupied share around one‑third, supporting a stable tenant base for well-priced units. Recent rent levels have risen over the past five years and are projected to continue at a moderate pace by mid‑term, reinforcing income potential if operators maintain affordability balance through disciplined renewals and amenities. These observations are based on multifamily property research from WDSuite.
Neighborhood occupancy is currently below national benchmarks, suggesting operators should emphasize leasing velocity, renewals, and turn efficiency. Homeownership costs are relatively accessible in this submarket, which can create some competition with entry-level ownership; thoughtful unit finishes and service consistency can help preserve pricing power and lease retention.
Comparable neighborhood safety metrics were not available in WDSuite for this area at the time of publication. Investors typically contextualize safety using city and county trend data, on-the-ground observations, and property-level history to understand how perceptions may affect leasing, staffing, and insurance costs.
Given the rural setting, assess visibility, lighting, access control, and coordination with local services as part of underwriting. Framing any findings against broader Corpus Christi trends helps gauge whether risk is in line with regional norms or requires additional operating contingencies.
This 36‑unit, 1999‑vintage asset offers relative competitiveness versus older neighborhood stock while benefiting from steady workforce demand. Within a 3‑mile radius, the renter pool is material and household sizes are larger, supporting depth for two‑ and three‑bedroom product. At the neighborhood level, current occupancy is softer than national norms, so execution will hinge on proactive renewals, quick turns, and maintaining value relative to accessible ownership options. According to CRE market data from WDSuite, rents have advanced in recent years with a moderate trajectory expected, which can support income growth when paired with disciplined expense control.
Forward indicators show households are expected to increase even as population trends soften, implying shifts in composition that can sustain demand for well-managed multifamily. The submarket’s everyday amenities and commuting reach fit workforce housing needs; however, below-average school ratings and lean dining options suggest targeting renter segments less sensitive to those factors or tailoring amenities to bolster retention.
- 1999 vintage outpositions older local stock while allowing targeted value‑add for systems and finishes
- Renter base within 3 miles is meaningful, with larger household sizes supporting demand for bigger floor plans
- Moderate rent growth outlook can support NOI if paired with strong renewal strategy and turn efficiency
- Ownership remains relatively accessible locally—compete on livability, service quality, and unit finishes
- Risks: below‑average school ratings, softer neighborhood occupancy, and limited lifestyle amenities may pressure leasing if not actively managed