| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Good |
| Demographics | 41st | Good |
| Amenities | 28th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6262 Woodrow Bean, El Paso, TX, 79924, US |
| Region / Metro | El Paso |
| Year of Construction | 2012 |
| Units | 20 |
| Transaction Date | 2006-11-20 |
| Transaction Price | $84,600 |
| Buyer | 62 SQUARED LLC |
| Seller | JB KARAM FAMILY LP |
6262 Woodrow Bean El Paso 20‑Unit Multifamily
Neighborhood occupancy is exceptionally tight, according to WDSuite’s CRE market data, supporting steady renter demand; the 2012 vintage positions this asset competitively against older El Paso stock.
Located in an Inner Suburb of El Paso with a B+ neighborhood rating, the area around 6262 Woodrow Bean shows investment-friendly fundamentals for multifamily. Neighborhood occupancy is among the strongest in the metro and sits in the top percentile nationally, indicating durable leasing conditions at the neighborhood—not property—level based on CRE market data from WDSuite.
Amenity access is competitive among El Paso neighborhoods (69th of 189 by amenity rank), with stronger-than-typical density of groceries and cafes supporting daily-needs convenience. School options trend modestly above national midrange, which can help with retention for larger households. However, nearby park and pharmacy counts are limited, so on-site lifestyle features may matter more for leasing.
Construction in this neighborhood skews older (average 1981), so a 2012 property stands out as relatively new—often translating to lower immediate capital needs and stronger curb appeal versus legacy stock, while still planning for mid-life system updates as needed.
Tenure patterns indicate a balanced base, with a meaningful share of housing units renter-occupied at the neighborhood level, supporting depth of the tenant pool and demand stability. Within a 3-mile radius, recent years show households increasing even as population edged slightly lower, implying smaller household sizes and a broader renter pool. Forward views point to growth in both population and households over the next five years, which would expand the addressable renter base and support occupancy stability.
Home values in the neighborhood are comparatively accessible in the national context, which can introduce some competition from entry-level ownership. Even so, neighborhood rent-to-income levels sit in a manageable range, framing pricing decisions around retention and steady lease management rather than acute affordability pressure.
WDSuite does not provide neighborhood-level crime ranks or percentiles for this location in the current release. Investors typically benchmark safety by comparing neighborhood trends to metro norms and conducting site visits at different times of day. Positioning in an Inner Suburb often reflects mixed commercial and residential activity, so standard diligence—engaging with local property management, reviewing recent police blotters, and touring adjacent blocks—remains prudent.
Regional employers within a commutable radius help support renter demand and retention, with proximity to energy, financial services, and industrial operations that draw a diverse workforce.
- Freeport Mcmoran-El Paso — mining & industrial services (9.4 miles)
- Charles Schwab — financial services (10.2 miles)
- Western Refining — energy & refining (11.2 miles) — HQ
This 20‑unit, 2012-vintage property benefits from a neighborhood with top-tier occupancy performance at the neighborhood—not property—level, indicating solid leasing durability. Relative to the area’s predominantly older housing stock, the asset’s newer vintage offers competitive positioning and potential for efficient operations while planning for mid‑life updates. Within a 3‑mile radius, households have been rising even as population dipped slightly, and forecasts point to population and household growth—signals that generally expand the renter pool and support occupancy stability, based on CRE market data from WDSuite.
Renter concentration in the neighborhood is meaningful, suggesting steady multifamily demand. Local home values are comparatively accessible, which can create some competition with ownership; however, rent-to-income levels point to manageable affordability pressure that can aid retention. Daily-needs access is favorable, though limited park and pharmacy presence makes property-level amenities and management execution important for resident satisfaction.
- Neighborhood shows top-tier occupancy performance, supporting leasing stability (neighborhood metric)
- 2012 construction offers competitive positioning versus older area stock with potential for lower near-term capex
- 3-mile outlook indicates population and household growth, expanding the prospective renter base
- Amenity access favors daily needs; focus on property amenities can offset limited nearby parks/pharmacies
- Risks: relatively accessible ownership options and limited childcare/park/pharmacy density may temper pricing power