| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Fair |
| Demographics | 33rd | Fair |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10637 Edgemere Blvd, El Paso, TX, 79925, US |
| Region / Metro | El Paso |
| Year of Construction | 1974 |
| Units | 84 |
| Transaction Date | 2003-08-15 |
| Transaction Price | $2,289,400 |
| Buyer | EPT APACHE ARMS APARTMENTS LP |
| Seller | CDS TEXAS APACHE LP |
10637 Edgemere Blvd El Paso Multifamily Investment
Stabilized renter demand in the surrounding neighborhood, with occupancy trending above metro norms, supports consistent leasing potential according to WDSuite’s CRE market data. Position within El Paso’s inner-suburban corridor offers steady workforce access and operational predictability.
This inner-suburban pocket of El Paso shows durable renter demand signals. Neighborhood occupancy ranks in the top quartile among 189 metro neighborhoods, a positive indicator for multifamily cash flow resiliency at the neighborhood level rather than the property specifically, based on CRE market data from WDSuite. Renter-occupied share is also elevated compared with much of the metro, pointing to a deeper tenant base and steadier leasing pipelines for properties serving workforce households.
Local convenience skews practical over boutique: grocery access is competitive among El Paso neighborhoods (ranked better than many peers out of 189), and restaurants are relatively abundant. However, cafes, parks, and pharmacies are thinner in immediate proximity (ranks near the bottom of 189 and low national percentiles), which may modestly weigh on lifestyle appeal but typically has limited impact on essential demand drivers for value-focused multifamily.
The asset’s 1974 construction predates the neighborhood’s average vintage (early 1980s). That older positioning suggests investors should plan for ongoing capital needs and consider targeted renovations or systems upgrades to protect competitiveness against slightly newer stock.
Demographics aggregated within a 3-mile radius indicate a stable-to-expanding renter pool over the medium term. While population dipped modestly in recent years, households edged up and projections point to future population and household growth, alongside smaller average household sizes. For investors, that implies a larger number of renting households over time and supports occupancy stability, particularly for efficiently sized units like studios and one-bedrooms.
Ownership costs in this part of El Paso are comparatively accessible versus high-cost coastal markets, which can temper pricing power at the top end. Even so, neighborhood rent-to-income remains manageable, supporting retention and reducing turnover risk for well-managed, value-oriented assets.
Comparable crime data for this neighborhood is not available in WDSuite’s current release, so investors should review local law enforcement and municipal trend reports for additional context. Absent standardized figures, underwriting should incorporate on-site observations, property management feedback, and broader El Paso trends rather than block-level assumptions.
Nearby employers support a broad workforce renter base and manageable commute times, reinforcing day-to-day leasing stability for value-oriented units. Key employers within a practical drive include Freeport-McMoRan, Western Refining, and Charles Schwab.
- Freeport McMoRan-El Paso — natural resources offices (3.5 miles)
- Western Refining — energy (9.5 miles) — HQ
- Charles Schwab — financial services (10.7 miles)
An 84-unit, 1974-vintage asset in an inner-suburban El Paso neighborhood offers a balanced workforce housing thesis: high neighborhood occupancy and above-metro renter concentration support stable demand, while older vintage creates scope for value-add upgrades to protect competitiveness against newer stock. According to CRE market data from WDSuite, the neighborhood’s occupancy performance is strong relative to the metro, and local grocery/restaurant access provides day-to-day convenience even as boutique amenities remain limited.
Within a 3-mile radius, recent population softness contrasts with a growing household count and projections for future gains, implying more renting households and steadier absorption for smaller, efficient units. Ownership remains more accessible than in high-cost markets, which may cap top-end rent growth but supports retention for well-managed, value-oriented housing.
- Strong neighborhood occupancy and elevated renter concentration support consistent leasing
- 1974 vintage offers value-add potential through targeted renovations and system upgrades
- Essential amenities (grocery, restaurants) and workforce employers underpin renter demand
- 3-mile radius projections show household growth, expanding the tenant base over time
- Risks: older systems capex, limited boutique amenities nearby, and ownership competitiveness potentially tempering pricing power