| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 33rd | Poor |
| Demographics | 46th | Good |
| Amenities | 11th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8820 Old County Dr, El Paso, TX, 79907, US |
| Region / Metro | El Paso |
| Year of Construction | 1981 |
| Units | 70 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8820 Old County Dr, El Paso TX Multifamily Investment
Stabilized renter demand in the surrounding neighborhood and below-metro rent levels suggest steady occupancy potential, according to WDSuite’s CRE market data. The asset’s 70-unit scale supports operational efficiency while allowing targeted value-add initiatives.
This inner-suburb location in El Paso offers workforce housing dynamics with a renter-occupied share around two-fifths within a 3-mile radius, supporting a durable tenant base for multifamily investors. Neighborhood occupancy trends have moderated in recent years, but median contract rents remain comparatively accessible, which can aid lease retention and reduce turnover risk.
Within a 3-mile radius, households are projected to increase while average household size trends lower. That combination points to a larger tenant pool over time and supports leasing stability even as population growth is essentially flat. Household incomes have risen and are projected to continue improving, which can underpin rent collections and measured pricing power.
The area’s average school rating is strong (top quartile nationally), a factor that can bolster family renter demand relative to other El Paso neighborhoods. Home values in the immediate area are lower than national norms, which may introduce some competition from ownership options; however, accessible rents can still position professionally managed apartments as a practical alternative for many households.
Amenity density in the immediate neighborhood is limited, with sparse retail and parks, so residents are more car-reliant. For investors, this places a premium on on-site conveniences and unit-level upgrades to drive retention and justify rent premiums relative to nearby, older stock.
Safety metrics indicate the neighborhood is above the metro median among 189 El Paso neighborhoods, with violent-offense indicators comparing favorably to most U.S. neighborhoods (top decile nationally). Recent data also shows a year-over-year uptick in property offenses, so operators should account for routine security measures and resident communication to sustain lease retention.
Investors should interpret these signals at the neighborhood level rather than the property itself and continue to monitor trends as part of ongoing risk management.
Proximity to a mix of energy, mining, and financial services employers supports local renter demand and commute convenience for workforce tenants. The nearby roster includes Freeport-McMoRan, Western Refining, and Charles Schwab.
- Freeport McMoRan-El Paso — mining & metals offices (5.4 miles)
- Western Refining — energy (10.2 miles) — HQ
- Charles Schwab — financial services (12.7 miles)
Built in 1981, the property is slightly older than the neighborhood’s average vintage, creating a clear value-add path through targeted renovations and systems upgrades while remaining competitive versus similar 1980s assets. According to CRE market data from WDSuite, neighborhood occupancy is stable at accessible rent levels, and the 3-mile area shows growth in household counts alongside smaller household sizes — a setup that can expand the renter pool and support steady absorption.
Stronger school ratings and proximity to a diversified employer base add to renter appeal. Lower local home values may temper near-term pricing power, but they also reinforce the role of well-managed apartments as an alternative to ownership, particularly as incomes trend higher and median contract rents are projected to rise.
- 1981 vintage offers value-add and CapEx planning opportunities to enhance rents and durability.
- Household growth within 3 miles with smaller household sizes supports a larger tenant base and occupancy stability.
- Accessible rents relative to income and top-quartile school ratings bolster family renter demand.
- Employer proximity (energy, mining, financial services) underpins steady leasing from local workers.
- Risks: limited neighborhood amenities, recent uptick in property offenses, and competition from lower-cost ownership options.