| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Good |
| Demographics | 40th | Fair |
| Amenities | 21st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 401 Memorial Dr, Del Rio, TX, 78840, US |
| Region / Metro | Del Rio |
| Year of Construction | 2002 |
| Units | 76 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
401 Memorial Dr Del Rio 76-Unit 2002 Opportunity
Neighborhood occupancy is competitive among Del Rio neighborhoods and sits above many national submarkets, according to WDSuite’s CRE market data, suggesting stable renter demand for well-positioned assets. Affordability remains manageable in this area, which can support retention and steady leasing.
Located in an Inner Suburb pocket of Del Rio, the neighborhood carries a B- rating and shows solid occupancy momentum relative to the metro (competitive among 17 Del Rio neighborhoods). Grocery access is a relative strength versus national benchmarks, while cafes, parks, and pharmacies are sparse—an amenity mix that favors everyday convenience over lifestyle density.
For schools, the neighborhood’s average rating trends above the national midpoint, which can bolster family-driven renter demand. Median contract rents in the area remain on the lower side compared with the country, helping preserve affordability and supporting lease retention even as owners pursue measured rent growth.
The housing stock skews moderately newer than many U.S. neighborhoods, and this property’s 2002 construction is newer than the local average 1990s vintage—helping competitive positioning versus older assets. Investors should still plan for mid-life system updates and selective modernization to sustain rentability.
Within a 3-mile radius, households have expanded even as population has been roughly flat to slightly lower in recent years, indicating smaller household sizes and a broadening tenant base. Forward-looking data points to modest population growth and additional households, which can support occupancy stability and incremental pricing power for well-managed multifamily.
Tenure data shows a meaningful share of housing units are renter-occupied at the neighborhood level, indicating depth in the tenant pool. Combined with a rent-to-income profile that does not appear overly stretched, this supports steady demand across workforce-oriented unit mixes.
Comparable neighborhood safety benchmarks are not available in this dataset for Del Rio. Investors typically evaluate safety by comparing neighborhood trends to city and metro patterns over time and corroborating with multiple sources. Absent specific ranks or percentiles, we recommend treating safety as a diligence item alongside leasing history and resident retention indicators.
Built in 2002 with 76 units, the property benefits from a neighborhood that is competitive on occupancy within the Del Rio metro and maintains an attainable cost profile for renters. Based on commercial real estate analysis from WDSuite, the area’s rent levels and household trends point to a stable tenant base, with households expanding within 3 miles even as population has been relatively steady—supporting leasing durability.
The 2002 vintage offers a relative edge over older local stock while still presenting value-add potential through targeted updates to interiors and building systems. Lower home values locally can create some competition from ownership, but they also support renter reliance on multifamily housing when upfront ownership costs and mobility preferences favor renting.
- Competitive neighborhood occupancy versus the metro supports stable leasing
- Attainable rents and manageable rent-to-income profile aid retention
- 2002 construction provides competitive positioning with value-add upside
- Household growth within 3 miles expands the local renter pool
- Risks: thinner lifestyle amenities nearby and potential competition from lower ownership costs