| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Good |
| Demographics | 29th | Fair |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5130 Chromite St, El Paso, TX, 79932, US |
| Region / Metro | El Paso |
| Year of Construction | 1992 |
| Units | 116 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5130 Chromite St, El Paso Multifamily Investment
Neighborhood fundamentals point to a durable renter base with renter-occupied housing near the mid-40% range at the neighborhood level, according to WDSuite’s CRE market data. Amenity access and projected household growth in the surrounding area support steady leasing and retention.
Located in an inner suburb of El Paso, the neighborhood scores a B+ and is competitive among the metro’s 189 neighborhoods (ranked 51), signaling solid overall livability for workforce and middle-income renters. Grocery, restaurant, cafe, and pharmacy density track in the top quartile nationally, supporting day-to-day convenience and lease appeal. Park and childcare access are limited locally, which investors should weigh against the strong retail and food access.
Amenity access stands out: grocery stores (96th percentile nationally), restaurants (93rd), cafes (91st), and pharmacies (90th) are all well represented. This level of convenience typically aids tenant retention and reduces turnover friction compared with neighborhoods lacking basic retail and services.
At the neighborhood level, approximately 44–45% of housing units are renter-occupied (above most U.S. neighborhoods by percentile), indicating a meaningful tenant base for multifamily. Neighborhood occupancy is near 90%, which suggests steady but not peak-tight conditions; owners can prioritize operations and renewal strategies over aggressive lease-up assumptions.
Within a 3‑mile radius, households increased over the last five years while population edged lower, indicating smaller household sizes and a potential shift toward more housing demand per resident. Looking ahead, WDSuite’s data projects growth in both population and total households through 2028, expanding the local renter pool and supporting occupancy stability. Median home values in the immediate neighborhood are relatively low for the U.S. context, which can introduce some competition from ownership; however, this also helps sustain renter choice for those prioritizing flexibility, keeping multifamily relevant. Rent-to-income metrics appear manageable, pointing to moderate affordability pressure and supporting renewal probability when paired with prudent rent setting.
Safety indicators compare favorably at the national level. The neighborhood’s safety profile falls in the top decile of U.S. neighborhoods by percentile, with both violent and property offense measures benchmarking well nationally. According to CRE market data from WDSuite, estimated violent and property offense rates have declined over the past year, reinforcing a constructive trend for resident sentiment and leasing.
As always, conditions can vary by block and over time; investors should pair these high-level signals with on-the-ground diligence and current comparable property feedback across the El Paso, TX metro’s 189 neighborhoods.
Proximity to diversified employers supports commute convenience and renter demand, with nearby roles in financial services, energy refining, and mining that broaden the potential tenant base.
- Charles Schwab — financial services (5.3 miles)
- Western Refining — refining & logistics (8.1 miles) — HQ
- Freeport McMoRan — El Paso — mining (13.1 miles)
Built in 1992, this 116‑unit asset is slightly newer than the neighborhood average vintage, offering competitive positioning versus older stock while leaving room for targeted modernization to elevate rents and reduce near-term capex surprises. Strong amenity access and a sizable renter-occupied share at the neighborhood level underpin a stable tenant base, while household growth within a 3‑mile radius points to incremental demand and supports occupancy management. According to WDSuite’s commercial real estate analysis, neighborhood occupancy sits around 90%, implying steady operations with room to optimize renewals and unit turns rather than relying on outsized lease-up.
Ownership is relatively accessible in the local context, which can create competition for some renter cohorts. Balanced against this, manageable rent-to-income levels and improving household incomes in the surrounding area support retention when rent growth is paced to local demand. With strong daily-needs retail nearby and diversified employers within commuting distance, the property’s fundamentals align with a durable, needs-based renter profile.
- 1992 vintage offers competitive baseline with potential value-add through selective renovations
- Strong amenity density (grocery, dining, services) supports leasing and retention
- Growing household counts within 3 miles expand the tenant base and support occupancy
- Diversified nearby employers broaden demand across income bands
- Risk: relatively accessible ownership options in El Paso can compete with rentals; maintain disciplined rent strategy