| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Good |
| Demographics | 48th | Good |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 110 S Festival Dr, El Paso, TX, 79912, US |
| Region / Metro | El Paso |
| Year of Construction | 1974 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
110 S Festival Dr, El Paso TX Multifamily Investment
Strong renter concentration in the surrounding neighborhood points to a deep tenant base and steady leasing prospects, according to WDSuite’s CRE market data.
This Inner Suburb location scores in the top quartile among 189 El Paso neighborhoods overall (A- neighborhood rating), with daily-needs access supported by restaurant and grocery density that also ranks in the top quartile locally. These amenity levels help sustain renter demand and reduce friction for leasing and renewals relative to amenity-light pockets of the metro.
The area’s housing stock skews newer than this asset; the neighborhood’s average construction year is 1993 (competitive among 189 metro neighborhoods), while the property was built in 1974. For investors, that gap can translate into value‑add potential through modernization and systems upgrades to sharpen competitive positioning against more recent product.
Renter-occupied share of housing units is high and ranks in the top quartile among 189 metro neighborhoods, signaling a sizable tenant pool and meaningful depth for multifamily demand. Neighborhood occupancy trends, however, currently trail most of the metro, indicating that hands‑on leasing and active management may be needed to achieve and sustain target occupancy at the property level.
Within a 3‑mile radius, households have grown even as average household size has edged down, and WDSuite’s data points to a projected increase in both population and households over the next five years. This pattern typically supports renter pool expansion and can aid occupancy stability for well‑positioned assets. Note that nearby park and pharmacy counts are limited within the immediate neighborhood compared with other parts of El Paso, which may modestly affect lifestyle appeal for certain renter cohorts.
Comparable neighborhood‑level safety data is not available in WDSuite for this location. Investors typically benchmark city and submarket statistics, review property‑level incident history, and weigh on‑site measures (lighting, access controls, and visibility) as part of standard risk assessment.
Nearby corporate offices provide a diversified employment base and convenient commutes that can reinforce renter demand, notably in financial services, energy, and natural resources.
- Charles Schwab — financial services offices (1.6 miles)
- Western Refining — energy & refining offices (4.3 miles) — HQ
- Freeport McMoRan — El Paso — natural resources offices (8.8 miles)
Built in 1974, this 30‑unit asset sits in a top‑quartile El Paso neighborhood for overall quality but competes against a housing stock that is generally newer. That age profile points to identifiable value‑add and capital planning opportunities—modernizing exteriors, interiors, and major systems—to capture demand from a large renter base. According to CRE market data from WDSuite, the neighborhood shows top‑quartile amenity access and a high share of renter‑occupied units, both supportive of tenant acquisition and renewal prospects.
Forward‑looking 3‑mile demographics indicate rising households and a smaller average household size, which typically expands the renter pool and supports occupancy stability for well‑positioned properties. Investors should balance this with neighborhood occupancy levels that lag the metro and with affordability pressure signals, using disciplined leasing, amenity upgrades, and expense control to drive durable NOI.
- Top‑quartile neighborhood quality and amenities among 189 El Paso neighborhoods support leasing and retention
- High renter‑occupied share signals a deep tenant base for multifamily demand
- 1974 vintage offers clear value‑add and systems modernization upside versus newer competing stock
- 3‑mile outlook shows growth in households and smaller household sizes, supporting renter pool expansion
- Risks: neighborhood occupancy trails metro; limited nearby parks/pharmacies; manage affordability pressures to sustain NOI