| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Fair |
| Demographics | 22nd | Poor |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 309 N Bedell Ave, Del Rio, TX, 78840, US |
| Region / Metro | Del Rio |
| Year of Construction | 1998 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
309 N Bedell Ave, Del Rio Multifamily Opportunity
Stabilized renter demand in an inner-suburb location with above-median neighborhood occupancy supports steady leasing, according to WDSuite s CRE market data. Newer 1998 vintage relative to the local average offers competitive positioning with room for targeted modernization.
The property sits in an Inner Suburb neighborhood rated A and ranked 3 out of 17 within the Del Rio, TX metro competitive among Del Rio neighborhoods and in the top quartile locally. Amenity access is a relative strength: grocery and pharmacy density rank near the top of 17 neighborhoods and trend above national medians (grocery around the 81st percentile and pharmacy near the 78th), with restaurants and cafes also above national midpoints. This supports day-to-day convenience for residents and can aid retention.
Neighborhood occupancy is above the metro median (ranked 6 of 17; near the national midpoint), indicating generally steady leasing conditions without signaling excess tightness. The share of housing units that are renter-occupied is ranked 2 of 17 top quartile locally and high nationally suggesting a deep tenant base for multifamily demand.
Within a 3-mile radius, household counts have expanded over the last five years while average household size declined, pointing to more, smaller households a pattern that can expand the renter pool and support occupancy stability. Forecasts indicate further increases in households over the next five years, which should sustain tenant demand even as population trends normalize.
Ownership costs in the area are comparatively accessible in national context (home values sit in lower national percentiles), which can introduce some competition with entry-level ownership. However, the neighborhood s rent-to-income profile (around 0.19) suggests manageable affordability pressure for many renters, supporting lease retention with prudent rent management. Average school ratings are lower (ranked 5 of 17 and below national medians), a consideration for family-oriented demand and positioning.
Vintage context: the building s 1998 construction is newer than the neighborhood average (1982). That relative youth can be a leasing advantage versus older stock, while still warranting selective system updates or interior refreshes to maintain competitiveness and support rent growth.
Neighborhood-level crime metrics were not available in the current WDSuite dataset for this location. Investors typically evaluate safety using multi-year, neighborhood and city trend sources and on-site observations. Consider how property-level measures (lighting, access control, and visibility) align with resident expectations and leasing strategy, and compare trends to broader Del Rio context rather than relying on block-level snapshots.
309 N Bedell Ave is a 56-unit, 1998-vintage asset positioned in a Del Rio neighborhood that ranks in the local top quartile, with amenity density and above-median occupancy supporting durable leasing. The area shows a high renter concentration relative to other Del Rio neighborhoods, indicating depth in tenant demand. Household growth within a 3-mile radius, coupled with smaller average household sizes, points to a gradually expanding renter pool and supports occupancy stability. Based on CRE market data from WDSuite, neighborhood rents have trended upward and are projected to continue rising, though ownership remains comparatively accessible in this market a factor to consider when calibrating pricing power.
Relative to the 1982 neighborhood average, the 1998 construction offers competitive positioning versus older stock while presenting practical value-add pathways through targeted modernization. Lower school ratings and more accessible ownership options are the primary headwinds, suggesting a focus on workforce and convenience-oriented renters who value proximity to daily needs and reliable property operations.
- Competitive neighborhood: top-quartile local ranking with above-median occupancy and strong daily amenities
- Demand depth: renter-occupied share is high locally, supporting tenant base and leasing stability
- 1998 vintage: newer than local average, with scope for selective upgrades to defend rents
- Forward demand drivers: more households within 3 miles and smaller household sizes support occupancy
- Risks: lower school ratings and accessible ownership may temper pricing power; emphasize operations, retention, and value-focused positioning