| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Good |
| Demographics | 69th | Best |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11062 Vista Del Sol Dr, El Paso, TX, 79935, US |
| Region / Metro | El Paso |
| Year of Construction | 1983 |
| Units | 60 |
| Transaction Date | 2008-09-26 |
| Transaction Price | $2,531,300 |
| Buyer | EPT LAS GARDENIAS APARTMENTS LP |
| Seller | MEDCO PROPERTIES V JOINT VENTURE |
11062 Vista Del Sol Dr El Paso Workforce Multifamily
Neighborhood occupancy trends are broadly in line with metro norms, and a rising renter-occupied share signals durable tenant demand in this East El Paso location, according to WDSuite’s CRE market data.
This Inner Suburb pocket of El Paso is among the metro’s highest rated areas for overall neighborhood quality (ranked 3 out of 189 El Paso neighborhoods), indicating strong local fundamentals measured for the neighborhood rather than the property. Dining density is a standout (96th percentile nationally for restaurant access), with pharmacies also plentiful; parks are competitive locally, while café options are limited. Grocery access is solid relative to metro peers.
For schools measured at the neighborhood level, the average rating is at the very top of the metro (ranked 1 of 189) and in the 100th percentile nationally — a factor that can support family renter retention and leasing stability.
Rents at the neighborhood level sit competitively within El Paso (ranked 58 of 189; midpack nationally), and neighborhood occupancy around the low-90s is near metro norms, per CRE market data from WDSuite. Taken together, these conditions point to steady leasing with moderate pricing power rather than outsized volatility.
Within a 3-mile radius of the property, households have inched higher even as population edged down, and are projected to rise further alongside smaller average household sizes. That mix typically expands the renter pool and supports occupancy stability. The 3-mile area shows a meaningful share of renter-occupied housing units today with further gains expected, reinforcing depth of demand for multifamily product.
Ownership costs at the neighborhood level are relatively accessible by value-to-income metrics (competitive among El Paso neighborhoods and mid-to-upper percentiles nationally). For investors, a more accessible ownership market can temper rent growth at the margin, but the neighborhood’s manageable rent-to-income readings suggest retention can remain healthy with prudent lease management.
Neighborhood-level crime benchmarking for this area is currently limited in WDSuite for recent periods, so investors typically corroborate safety using city and county reports alongside owner and property manager feedback. Given the neighborhood’s high overall rating and strong school performance, perceptions of safety tend to be stable relative to metro peers, but localized conditions can vary by block.
Proximity to a diversified employment base supports renter demand and commute convenience, including energy, mining, and financial services offices listed below.
- Freeport Mcmoran-El Paso — mining offices (3.2 miles)
- Western Refining — energy refining (9.6 miles) — HQ
- Charles Schwab — financial services (11.4 miles)
The property’s East El Paso location pairs competitive neighborhood livability — including top-ranked schools and strong daily amenities — with midpack national rent positioning and occupancy near metro norms. Within a 3-mile radius, households are projected to grow as average household size declines, pointing to a larger tenant base and support for leasing stability over the next several years.
At the neighborhood level, renter concentration sits near the top of El Paso and in the top quartile nationally, reinforcing demand depth for a 60-unit community. According to CRE market data from WDSuite, neighborhood rents are competitive locally while rent-to-income readings indicate manageable affordability pressure — a backdrop that can support retention with disciplined pricing. Key risks include slightly negative population trajectory in the wider 3-mile area and potential competition from ownership given relatively accessible home values.
- Top-rated neighborhood fundamentals with 100th-percentile school quality measured for the neighborhood
- Expanding 3-mile renter pool as households rise and average household size declines
- Competitive local rent positioning and manageable rent-to-income support retention
- Risk: Slight 3-mile population contraction and ownership options could temper pricing power