| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Good |
| Demographics | 53rd | Good |
| Amenities | 22nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1715 Kings Way, Del Rio, TX, 78840, US |
| Region / Metro | Del Rio |
| Year of Construction | 2001 |
| Units | 76 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1715 Kings Way, Del Rio TX Multifamily Investment
Neighborhood occupancy is in the top tier locally, supporting stable leasing and cash flow potential, according to WDSuite’s CRE market data.
Set in an Inner Suburb pocket of Del Rio rated B+, the property benefits from a neighborhood that ranks 6th of 17 metro neighborhoods — competitive within the local context. Occupancy in the neighborhood is strong and ranked 4th of 17, placing it in the top quartile among Del Rio areas and aligning with investors’ focus on stability.
Daily needs are reasonably covered: restaurants density ranks 2nd of 17 (top quartile locally), and grocery access ranks 5th of 17 (competitive among Del Rio neighborhoods). By contrast, cafes, parks, childcare, and pharmacies are limited within the immediate neighborhood, which may reduce certain lifestyle conveniences but can be offset by short drives to services elsewhere in the metro.
The area skews toward a balanced renter base: 33.6% of housing units are renter-occupied (5th of 17 locally), indicating adequate depth for multifamily leasing without overreliance on transient demand. Neighborhood-level rent sits near the middle of U.S. markets (roughly the 48th national percentile), and the rent-to-income ratio is also mid-range nationally — both factors that can support retention and manageable turnover for operators.
Within a 3-mile radius, household counts have increased while population has been roughly flat, reflecting smaller household sizes and a gradual broadening of the tenant base. This pattern typically supports steady absorption for well-managed multifamily communities and underpins occupancy resilience over time, based on CRE market data from WDSuite.
Comparable, property-specific crime metrics are not available in this dataset. Investors should benchmark neighborhood safety using city and county sources and compare trends to peer submarkets. Framing risk at the neighborhood level rather than at the block level is the most reliable approach for underwriting assumptions and resident retention planning.
Built in 2001, this 76-unit asset is newer than the neighborhood’s average vintage (1991), positioning it competitively versus older stock while still warranting typical capital planning for systems and common-area refreshes over a multi-year hold. The surrounding neighborhood shows top-quartile occupancy locally (4th of 17), which supports leasing stability and predictable cash flows.
Within a 3-mile radius, households have expanded despite flat population, indicating smaller household sizes and a broader renter pool — a constructive backdrop for demand and occupancy. Ownership costs are lower than many U.S. areas (home values sit below the national midpoint), which can introduce some competition with for-sale options, but neighborhood rents and rent-to-income levels are mid-range nationally, aiding lease retention. According to WDSuite’s commercial real estate analysis, local fundamentals point to steady demand with room for value-add execution tied to modernization rather than heavy repositioning.
- 2001 vintage offers a competitive edge over older local stock, with targeted upgrades likely to enhance positioning.
- Top-quartile neighborhood occupancy (4th of 17) supports leasing stability and cash flow predictability.
- 3-mile household growth alongside smaller household sizes broadens the tenant base and supports absorption.
- Mid-range rents and rent-to-income dynamics help retention while allowing measured rent management.
- Risk: limited nearby lifestyle amenities (cafes, parks, childcare, pharmacies) may affect appeal for some renter segments.