| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Good |
| Demographics | 40th | Fair |
| Amenities | 21st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 500 W Cantu Rd, Del Rio, TX, 78840, US |
| Region / Metro | Del Rio |
| Year of Construction | 1982 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
500 W Cantu Rd, Del Rio Multifamily Investment
Neighborhood occupancy trends point to stable renter demand, according to WDSuite’s CRE market data, supporting consistent performance for a 24-unit asset at this address.
The property sits in an Inner Suburb area of Del Rio rated B- among 17 metro neighborhoods. Neighborhood occupancy is competitive among Del Rio neighborhoods and above the national median, a backdrop that can help support steady leasing and limit downtime between turns.
Renter-occupied housing makes up a top-quartile share locally (ranked near the top among 17 metro neighborhoods), indicating a deeper tenant base for multifamily product and potential demand resilience through cycles. Within a 3-mile radius, households increased over the past five years even as population edged lower, implying smaller household sizes and a broader household base — dynamics that typically expand the renter pool and support occupancy stability.
Construction year for the asset is 1982, older than the neighborhood’s average vintage. For investors, that often translates to practical value-add paths and the need to plan near-term capital for systems, interiors, or curb appeal to strengthen competitive positioning against newer stock.
Local amenity access is mixed: grocery options rank above the metro median and align with stronger national availability, while cafes, parks, and pharmacies are thinner in the immediate area. Average school ratings test above the national median, which can aid family renter retention. Home values are comparatively lower in a national context, which may temper pricing power and create some competition from ownership options; lease management should focus on retention and steady renewals rather than outsized jumps.
Comparable safety metrics for this neighborhood are not available in WDSuite’s dataset. Investors typically evaluate safety using multi-source trend reviews (city and county reporting) and on-site assessment, alongside property-level measures such as lighting, access controls, and management presence to support resident satisfaction and retention.
This 1982-vintage, 24-unit asset in Del Rio is positioned in a neighborhood with above-median occupancy and a renter-occupied housing share that ranks among the strongest locally — signals that favor tenant demand depth and leasing consistency. Within 3 miles, household counts have grown even as average household size declined, pointing to a broader base of households and a larger prospective renter pool. According to CRE market data from WDSuite, grocery access outperforms metro norms while select amenities are thinner, suggesting a pragmatic value proposition for workforce renters.
The older construction relative to neighborhood averages highlights clear value-add and capex planning opportunities to defend occupancy and improve effective rents versus newer comparables. Ownership remains relatively accessible in this market, so pricing strategy should emphasize retention and incremental rent steps. Forward-looking local data indicate rising incomes and rents, but execution will hinge on asset improvements and disciplined management.
- Competitive neighborhood occupancy supports leasing stability.
- Top-quartile renter-occupied share locally signals a deeper tenant base.
- 1982 vintage offers value-add and capex angles to lift positioning.
- Household growth within 3 miles expands the prospective renter pool.
- Risk: accessible ownership and thinner non-grocery amenities may moderate pricing power; prioritize retention and targeted upgrades.