| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Good |
| Demographics | 72nd | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6115 Escondido Dr, El Paso, TX, 79912, US |
| Region / Metro | El Paso |
| Year of Construction | 1978 |
| Units | 62 |
| Transaction Date | 2012-09-20 |
| Transaction Price | $3,750,000 |
| Buyer | Cash Investments of El Paso |
| Seller | Pacifica Capital Partners / Peak |
6115 Escondido Dr, El Paso Multifamily Value-Add
Neighborhood occupancy is above the metro median, supporting steady renter demand, according to WDSuite’s CRE market data, while the 1978 vintage points to targeted renovation upside.
Situated in an Inner Suburb of El Paso, the property benefits from a neighborhood rating of B and occupancy that ranks 78 out of 189 metro neighborhoods — above the metro median and in the 64th percentile nationally, based on CRE market data from WDSuite. Median contract rents in the neighborhood sit in a higher tier (rank 6 of 189; 81st percentile nationally), which signals pricing power when product quality is competitive.
Local tenure patterns indicate a thinner renter concentration at the immediate neighborhood level (14.2% of housing units renter-occupied), but the broader 3-mile radius shows a materially deeper renter base at roughly 44% renter-occupied units. For investors, this contrast suggests demand is drawn from the wider trade area, which can support leasing while concentrating marketing on commuters and nearby employment centers.
Household incomes in the neighborhood rank 5 of 189 (87th percentile nationally) and the rent-to-income ratio is approximately 0.15, indicating relatively manageable affordability pressure that can aid lease retention. Median home values are elevated for the metro (rank 5 of 189; 71st percentile nationally), a high-cost ownership context that tends to sustain reliance on multifamily housing and supports occupancy stability.
Amenity density within the immediate neighborhood is limited (low counts of restaurants, groceries, parks, and cafes), so residents may rely on short drives for daily needs. Average school ratings are competitive among El Paso neighborhoods (rank 41 of 189; above national mid-range), which can appeal to households seeking suburban stability.
Within a 3-mile radius, households increased over the last five years even as average household size trended smaller, and projections indicate continued growth in households alongside higher median incomes by 2028. This points to a larger tenant base and supports occupancy durability for well-positioned properties.
Comparable safety data for this neighborhood were not available in the current release. Investors typically benchmark conditions at the neighborhood and submarket levels against the metro to understand leasing implications, insurance costs, and property operations. Reviewing multi-year trends alongside nearby submarkets can help contextualize perceived risk and resident sentiment.
Proximity to finance, energy, and mining offices offers a diverse employment base that can support renter demand and retention for workforce and professional households.
- Charles Schwab — financial services (3.7 miles)
- Western Refining — energy refining (6.4 miles) — HQ
- Freeport McMoran-El Paso — mining offices (10.3 miles)
6115 Escondido Dr offers a value-add opportunity in a neighborhood where occupancy trends rank above the metro median and rents sit in a higher tier for El Paso, according to WDSuite’s commercial real estate analysis. The 1978 construction is older than the area’s average vintage (1988), indicating potential to capture rent premiums through targeted renovations, system upgrades, and exterior/common-area refreshes.
Investor demand is further supported by a broader 3-mile trade area with a sizeable renter base, rising household counts, and projected income gains by 2028 — conditions that can expand the tenant pool and help sustain occupancy. Limited immediate amenity density and a thinner renter concentration within the immediate neighborhood are considerations, but proximity to diversified employers provides a stable draw for commuters.
- Above-median neighborhood occupancy with higher-tier rent positioning supports durable cash flow potential
- 1978 vintage suggests value-add and CapEx pathways to improve competitiveness versus newer stock
- 3-mile radius shows deeper renter pool and projected household growth, aiding leasing velocity and retention
- Elevated home values and strong incomes underpin rental demand and pricing power
- Risks: limited immediate amenity density and lower on-block renter concentration may require broader trade-area marketing