| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Best |
| Demographics | 50th | Best |
| Amenities | 28th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1014 Monaco Blvd, Laredo, TX, 78045, US |
| Region / Metro | Laredo |
| Year of Construction | 2013 |
| Units | 44 |
| Transaction Date | 2013-07-16 |
| Transaction Price | $3,862,500 |
| Buyer | MONACO HEIGHTS LLC |
| Seller | SANTOS MCPHERSON PROJECT LLC |
1014 Monaco Blvd Laredo Multifamily Investment Opportunity
Neighborhood occupancy is about 96.7%, indicating stable renter demand in this part of Laredo, according to WDSuite’s CRE market data. Renter-occupied housing is a meaningful share of the area, supporting depth of tenant demand for a 2013-vintage, 44-unit asset.
1014 Monaco Blvd sits in an Inner Suburb of Laredo with an A- neighborhood rating and occupancy around 96.7% (top quartile nationally), per WDSuite’s CRE market data. Within the metro, the neighborhood ranks 13 out of 63 for occupancy, signaling solid leasing consistency versus many peers. The area’s renter-occupied share is also competitive for the metro, supporting a deeper tenant base and steadier renewal potential for multifamily.
Vintage positioning is favorable: the property was built in 2013, newer than the neighborhood’s average construction year of 1999 (ranked 21 of 63 in the metro; high national percentile). Newer product typically competes well against older stock; investors should still plan for normal mid-life system updates and optional repositioning to reinforce pricing power.
Local amenities skew pragmatic rather than dense. Restaurants are relatively abundant for the area (ranked 11 of 63; top quartile nationally), while pharmacies are accessible (ranked 9 of 63), supporting daily needs and convenience. Other categories such as grocery, childcare, parks, and cafes rank lower within the metro, which places a premium on onsite features and easy arterial access when marketing to residents.
Demographic statistics aggregated within a 3-mile radius show population growth of roughly 10.8% over the last five years and a 19.3% increase in households, pointing to a larger tenant base and potential leasing velocity. Looking ahead, households are projected to expand further as average household size trends smaller, a combination that can add to renter pool expansion and support occupancy stability.
Homeownership costs in the neighborhood context are moderate by national standards (median home value near the national midpoint), and rent-to-income ratios benchmark around 0.21. For investors, this suggests balanced affordability pressure that can aid retention while still allowing for measured rent optimization and disciplined lease management.
Neighborhood-level crime data is not available in this release for this location. Investors typically evaluate safety using multiple sources and time horizons; when data becomes available, WDSuite compares neighborhoods to both metro peers and national percentiles to place conditions in context. Local due diligence—such as speaking with property managers, reviewing police blotters, and assessing site visibility and lighting—remains prudent.
Nearby employment helps support renter demand through commute convenience. Notable employer activity includes automotive components manufacturing.
- BorgWarner — automotive components (1.5 miles)
This 2013-vintage, 44-unit property benefits from a neighborhood with top-quartile national occupancy and a meaningful renter-occupied presence, indicating durable leasing fundamentals. According to CRE market data from WDSuite, the area’s amenity mix favors restaurants and pharmacies, while broader household growth within a 3-mile radius expands the tenant base and supports renewal stability. The rent-to-income backdrop suggests manageable affordability pressure, creating room for disciplined rent management without overextending residents.
At the asset level, newer construction relative to the neighborhood average positions the property competitively versus older stock, with typical mid-life capital planning on the horizon. While amenity density is uneven across categories and crime data is presently unavailable for comparison, the combination of steady occupancy, expanding households, and balanced affordability supports a straightforward hold or light value-add thesis.
- Top-quartile neighborhood occupancy supports leasing stability and renewal potential
- 2013 construction competes well versus older local inventory; plan for routine mid-life systems
- Growing 3-mile household base expands the tenant pool and underpins demand
- Balanced rent-to-income environment aids retention while allowing measured pricing
- Risk: uneven amenity density and limited current crime benchmarking warrant local diligence