| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Fair |
| Demographics | 22nd | Poor |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1001 N Bedell Ave, Del Rio, TX, 78840, US |
| Region / Metro | Del Rio |
| Year of Construction | 1974 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1001 N Bedell Ave Del Rio Multifamily Value-Add Play
Neighborhood-level indicators point to steady renter demand and stable occupancy, according to WDSuite’s CRE market data, positioning this asset for cash flow with operational upside.
Located in an Inner Suburb pocket of Del Rio, the neighborhood ranks 3rd out of 17 metro neighborhoods (top quartile among 17) on overall rating, per WDSuite. Daily-needs access is a relative strength, with restaurants, cafés, groceries, parks, and pharmacies scoring competitively among Del Rio neighborhoods and landing in above-average national percentiles, supporting leasing convenience and retention.
Neighborhood occupancy is reported at 91.9% and is competitive among Del Rio neighborhoods, while the share of renter-occupied housing units is elevated at the neighborhood level (top quartile nationally). Together, these dynamics suggest a meaningful tenant base and support for stabilized operations, though owners should still plan for normal turnover management.
At the same time, neighborhood rents benchmark on the lower side nationally, and the rent-to-income ratio reads as moderate. This combination can aid lease retention but may limit near-term pricing power. Median home values in the neighborhood are lower relative to national norms, which can make ownership more accessible locally; investors should monitor any competition this creates for entry-level renters and consider amenity and service differentiation to maintain leasing velocity.
Within a 3-mile radius, recent trends show a slight population dip alongside an increase in households and smaller average household sizes. Forward-looking projections point to household growth and further downsizing, which typically expands the renter pool and supports occupancy. School ratings in the neighborhood trend below national averages, which may influence unit mix strategy for family-oriented demand.
Constructed in 1974, the property is older than the neighborhood’s average vintage. Investors should expect capital planning for systems and common areas; targeted renovations can position the asset more competitively versus newer and renovated stock and create value-add potential validated by WDSuite’s multifamily property research.
Comparable neighborhood-level safety data is not available in WDSuite for this specific area. Investors should review recent local reports and consult municipal trend data to contextualize property-level risk, focusing on multi-year direction rather than short-term fluctuations.
This 56-unit, 1974-vintage asset in Del Rio sits in a top-quartile neighborhood for overall fundamentals, with strong daily-needs access and a renter base that supports stable operations. Based on commercial real estate analysis from WDSuite, neighborhood occupancy levels are competitive for the metro, while lower relative rents and moderate rent-to-income support retention. The older vintage suggests a clear value-add path via targeted renovations to improve competitive positioning and NOI durability.
Demographic patterns within a 3-mile radius — modest recent population softness but growth in households and smaller household sizes — point to a larger tenant base over time. Lower local home values may increase competition from ownership, but they also underscore the importance of service quality and amenity upgrades to sustain pricing and reduce vacancy risk.
- Competitive neighborhood fundamentals and steady renter demand support occupancy stability.
- 1974 vintage offers value-add potential through system upgrades and unit renovations.
- Lower relative rents and moderate rent-to-income favor lease retention.
- Household growth and smaller household sizes in 3 miles expand the renter pool.
- Risks: accessible ownership options and below-average school ratings may temper pricing power.