| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Fair |
| Demographics | 39th | Good |
| Amenities | 16th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10021 Railroad Dr, El Paso, TX, 79924, US |
| Region / Metro | El Paso |
| Year of Construction | 2007 |
| Units | 35 |
| Transaction Date | 2008-08-18 |
| Transaction Price | $2,674,900 |
| Buyer | ERIN PROPERTIES LLC |
| Seller | CELTIC HOMES INC |
10021 Railroad Dr El Paso Multifamily — 2007 Vintage, Workforce Appeal
Positioned in El Paso’s inner suburb, this 35‑unit, smaller‑format asset targets renter demand supported by attainable pricing and a moderate renter base, according to WDSuite’s CRE market data. Neighborhood occupancy is reported around the high‑80s, indicating steady—but competitive—leasing conditions at the submarket level.
Livability favors everyday practicality over retail density. Local counts for restaurants, groceries, cafes, parks, and pharmacies are limited within the immediate neighborhood, so residents typically rely on nearby corridors and driving for services. Public school ratings trend above the national median and are competitive among 189 El Paso neighborhoods, which can support family‑oriented renter retention.
The neighborhood’s renter-occupied share is roughly 39% of housing units, suggesting a moderate renter concentration that helps sustain multifamily demand without oversaturation. Median contract rents in the area remain relatively attainable compared with many U.S. markets, which can aid lease retention and reduce turnover risk.
Within a 3-mile radius, demographic statistics show recent population softness alongside growth in the number of households, implying smaller household sizes and a broader base of renting households. Forward-looking projections indicate additional household growth and rising incomes, which can expand the renter pool and support occupancy stability over time.
Home values in this part of El Paso are lower than many national peers. While that can introduce some competition from ownership alternatives, it also means professionally managed apartments that deliver convenience and predictable monthly costs can retain pricing power with value-seeking tenants. Construction across the neighborhood skews older than this property; the 2007 vintage offers a relative edge versus 1980s stock, though selective modernization may be prudent to stay competitive.
Comparable crime scoring for this specific neighborhood is not available in WDSuite at this time. Investors typically review city and precinct trend reports, property-level security practices, and recent leasing feedback to contextualize safety relative to nearby El Paso submarkets.
Nearby employment nodes span mining, financial services, and energy, providing a mix of professional and industrial jobs that support workforce housing demand and commute convenience for renters.
- Freeport McMoRan — mining operations offices (9.6 miles)
- Charles Schwab — financial services (10.4 miles)
- Western Refining — energy — HQ (11.4 miles)
Built in 2007, this boutique 35‑unit asset offers a newer vintage than much of the surrounding 1980s stock, providing a competitive position against older properties while leaving room for targeted updates to major systems and finishes. Neighborhood occupancy is reported around 89%, and the renter-occupied share is near 39% of housing units—factors that point to a stable, but still choice-driven, tenant market. Within 3 miles, recent growth in households alongside smaller average household sizes indicates a larger tenant base for smaller-format units, supporting attainable rent positioning and steady lease-up.
Based on commercial real estate analysis from WDSuite, attainable neighborhood rents and rising household incomes are consistent with durable workforce demand. The area’s car-oriented amenity profile and relatively accessible homeownership options introduce competitive pressures, but thoughtful value-add, efficient unit layouts (average sizes trending smaller), and prudent expense control can help sustain occupancy and pricing power over the long term.
- 2007 vintage outpositions older 1980s stock; selective modernization can further enhance competitiveness.
- Neighborhood occupancy around the high‑80s supports steady leasing conditions and retention focus.
- 3‑mile household growth and smaller household sizes expand the renter pool for smaller-format units.
- Attainable rent levels and rising incomes underpin workforce demand and potential pricing resilience.
- Risks: amenity-light, car-oriented setting and relatively accessible ownership options can compete with rentals.