| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Good |
| Demographics | 55th | Best |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1020 S Mesa Hills Dr, El Paso, TX, 79912, US |
| Region / Metro | El Paso |
| Year of Construction | 2000 |
| Units | 112 |
| Transaction Date | 2005-11-10 |
| Transaction Price | $60,625,000 |
| Buyer | SYLVIA JOSEPH VANDERPOOL JEAN R |
| Seller | DISTINCTIVE NEIGHBORHOODS LP |
1020 S Mesa Hills Dr El Paso Multifamily Opportunity
Positioned in an inner-suburban El Paso neighborhood with strong daily amenities and established renter demand, this asset offers durable leasing fundamentals, according to WDSuite’s CRE market data. Neighborhood occupancy and rent levels refer to the surrounding area, providing context for property performance and pricing power.
The property sits in an Inner Suburb of El Paso that ranks competitively among 189 metro neighborhoods, supported by a deep amenity base. Grocery access is a standout (ranked 9th of 189), with restaurants (23rd) and parks (30th) adding to daily convenience—factors that tend to support leasing velocity and retention for working households.
Neighborhood renter concentration is measured at 31.7% of housing units being renter-occupied, indicating a meaningful tenant base for multifamily operations while still competing with ownership options. Median household income ranks 27th of 189 locally, suggesting capacity to sustain market-rate rents without excessive affordability pressure; neighborhood occupancy (88.4%) is measured for the neighborhood and not the property and may require active leasing management versus stronger El Paso clusters.
Construction year for the asset is 2000, newer than the neighborhood’s average vintage (1980). This positioning typically improves competitive standing versus older stock, though investors should still underwrite routine modernization of interiors and building systems to support rent growth and renewal rates.
Within a 3-mile radius, households have increased even as average household size declined, and forecasts point to further household growth over the next five years. This dynamic can expand the local renter pool and support occupancy stability, while median home values in the area are moderate for the region—conditions that can create some competition from ownership but also sustain multifamily demand through more accessible rental options.
Safety indicators for the surrounding neighborhood compare favorably at the national level: violent offenses are in a higher national safety percentile, and property offenses also benchmark well. However, recent one-year trend data indicates an uptick in reported rates; investors should monitor trajectory and employ standard security and lighting measures typical for inner-suburban assets. These metrics reflect the broader neighborhood, not the property.
- Charles Schwab — financial services offices (2.8 miles)
- Western Refining — energy & refining (5.6 miles) — HQ
- Freeport Mcmoran-El Paso — natural resources offices (10.8 miles)
Nearby employers provide a diverse white-collar employment base that supports renter demand and commute convenience for residents, including operations in financial services, energy, and natural resources.
This 112-unit property combines a newer 2000 vintage with strong neighborhood convenience, positioning it competitively against older inner-suburban stock. Amenity depth (notably grocery, dining, and parks) and proximity to diversified employers support a stable renter base. According to CRE market data from WDSuite, local benchmarks show a sizable share of renter-occupied housing and moderate rent-to-income dynamics—favorable for retention and steady leasing, provided management remains active on renewals and concessions.
Forward-looking household growth within a 3-mile radius suggests a larger tenant base over the next cycle, while moderate home values mean some competition from ownership. Investors can lean on the asset’s relative vintage and operational focus to drive renewal capture and selective value-add, while staying attentive to neighborhood school ratings and recent safety trends.
- 2000 vintage offers competitive positioning versus older neighborhood stock with targeted modernization upside
- Amenity-rich inner-suburban location supports leasing velocity and resident retention
- Diversified nearby employers underpin weekday demand and commute convenience
- 3-mile household growth outlook points to a larger renter pool and occupancy stability
- Risks: neighborhood school ratings, recent safety trend upticks, and competition from ownership options