| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Good |
| Demographics | 40th | Fair |
| Amenities | 21st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 600 W Cantu Rd, Del Rio, TX, 78840, US |
| Region / Metro | Del Rio |
| Year of Construction | 1977 |
| Units | 48 |
| Transaction Date | 2023-12-12 |
| Transaction Price | $4,635,050 |
| Buyer | PHCS RIO MANOR LP |
| Seller | TG 109 INC |
600 W Cantu Rd Del Rio Multifamily Investment
Neighborhood occupancy has held in the mid-90% range, supporting stable cash flow potential for workforce-oriented units, according to WDSuite’s CRE market data.
Located in an Inner Suburb of Del Rio, the neighborhood carries a B- rating and shows defensible fundamentals for workforce multifamily. Neighborhood occupancy is competitive among Del Rio neighborhoods (ranked 5 out of 17) and sits above national medians, suggesting demand consistency that can aid lease retention and reduce downtime between turns.
Daily needs are reasonably served, with grocery access competitive in the metro (ranked 3 of 17; upper-tier nationally). Lifestyle amenities like cafes, parks, and pharmacies are limited within the neighborhood, so residents may rely on broader Del Rio for recreation and services. Average school ratings test slightly above national norms (around the 61st percentile), a modest support for family renter appeal.
On rents and affordability, neighborhood contract rent levels are competitive among 17 metro neighborhoods while rent-to-income ratios sit near national mid-range levels. This balance can support tenant retention, though it may temper outsized pricing power. Median home values are lower relative to many U.S. markets, which can introduce some competition with ownership; investors should emphasize value positioning and unit quality to sustain demand.
Tenure patterns indicate a meaningful renter base: approximately 43% of housing units are renter-occupied (top quartile among 17 metro neighborhoods), reinforcing depth of potential tenants for multifamily supply. Within a 3-mile radius, households have grown even as population edged down slightly, reflecting smaller household sizes and a shift that typically supports apartment demand. Forward-looking estimates point to additional household growth and smaller average household sizes, implying a larger tenant base and support for occupancy stability.
Vintage considerations: the property was built in 1977 compared with a neighborhood average vintage of 1995. The older construction profile suggests planning for capital expenditures and value-add upgrades to enhance competitiveness versus newer stock while targeting durable renter demand.
Neighborhood-level public safety benchmarks are not available in WDSuite for this area, so investors should rely on city and county reports, historical incident logs, and insurer/lender guidance to contextualize risk. Comparative review versus broader Del Rio and Val Verde County trends can help gauge how property-level controls and lighting, access management, and on-site practices may influence resident experience and retention.
Local employment in Del Rio spans services, retail, and public sector roles that support workforce renter demand; investors can review commute sheds and job nodes to evaluate leasing depth.
This 48-unit asset offers exposure to a renter base supported by competitive neighborhood occupancy and household growth within a 3-mile radius. The 1977 vintage points to clear value-add and capital planning opportunities, which can improve positioning against younger stock while maintaining an attainable rent profile. According to CRE market data from WDSuite, the neighborhood’s occupancy ranks above the metro median, and rent-to-income levels sit near national mid-range, indicating a balance of demand stability and measured pricing power.
Lower median home values in the area can create some competition with ownership, but the renter-occupied share sits in the metro’s top quartile, signaling a durable tenant base. Limited nearby lifestyle amenities may require emphasizing on-site features and management to drive retention, while grocery access remains a relative strength. Household growth and smaller average household sizes suggest continued renter pool expansion, supporting occupancy stability over the long term.
- Competitive neighborhood occupancy and renter depth support leasing stability
- 1977 vintage offers value-add and CapEx-driven upside to enhance competitiveness
- Balanced affordability (rent-to-income near national mid-range) aids retention
- Household growth within 3 miles points to a larger tenant base over time
- Risks: limited nearby lifestyle amenities and competition from ownership require strong value positioning