| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Best |
| Demographics | 43rd | Good |
| Amenities | 24th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1315 E Hillside Rd, Laredo, TX, 78041, US |
| Region / Metro | Laredo |
| Year of Construction | 1992 |
| Units | 108 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1315 E Hillside Rd Laredo Multifamily Investment
Neighborhood occupancy has held in the mid-to-high 90s, supporting stable leasing dynamics for this 108-unit asset, according to WDSuite’s CRE market data. A high renter concentration nearby points to a deep tenant base, while attainable rents help sustain retention.
Located in an Inner Suburb of Laredo with a B+ neighborhood rating, this area ranks 18th among 63 metro neighborhoods — competitive within the metro and indicative of balanced fundamentals. Neighborhood occupancy is strong (ranked 17 of 63), placing it above the metro median and in the top quartile nationally, which supports steady collections and lower downtime between turns for nearby multifamily.
Renter-occupied housing accounts for roughly the majority of units in the neighborhood (55.8%), a level that sits in a high national percentile, signaling depth in the tenant pool and durable demand for apartments. Within a 3-mile radius, households have grown even as total population edged down, reflecting smaller household sizes and a gradual shift toward more, smaller households — dynamics that typically support ongoing demand for rental units and occupancy stability.
Daily-needs access is serviceable: restaurant density is competitive for the metro and grocery access sits around the metro middle, while park, cafe, childcare, and pharmacy counts are limited in the immediate area. Average school ratings trend strong for the metro (rank 6 of 63; top quartile nationally), which can aid long-run neighborhood stability and appeal for workforce households.
Home values are lower than many U.S. neighborhoods, and neighborhood median rents sit below national norms. Together with a rent-to-income ratio around 23% at the neighborhood level, this points to relatively manageable affordability pressure — a tailwind for lease retention and measured pricing power for operators conducting multifamily property research.
Safety conditions are mixed when viewed against broader benchmarks. Within the Laredo metro, the neighborhood’s overall crime rank is in the lower tier (47 out of 63 neighborhoods), indicating higher incident levels than many local peers. Nationally, property offense metrics track in a low percentile, while violent offense levels are also below national safety benchmarks.
Recent trend data offer a constructive note: estimated violent offenses declined year over year, a directionally positive shift. Investors should account for these conditions in underwriting via security, lighting, and resident-experience measures, and compare trends to peer submarkets rather than block-level assumptions, based on CRE market data from WDSuite.
The immediate labor market includes manufacturing and industrial employers that help anchor renter demand through commute convenience. Notable nearby employment includes:
- BorgWarner — automotive components (5.0 miles)
Built in 1992, the property may benefit from targeted modernization to stay competitive versus the mid-1990s neighborhood stock, creating potential value-add upside through unit refreshes and operational improvements. Neighborhood occupancy sits above the metro median and in the top quartile nationally, and the area’s high renter concentration underpins a broad tenant base. Within a 3-mile radius, households have increased despite modest population slippage, indicating smaller household sizes and a steady pool of renters that supports occupancy stability.
According to CRE market data from WDSuite, neighborhood rents remain attainable relative to incomes, which can support retention and measured rent growth without overextending affordability. Key watch items include safety conditions that trail national benchmarks and limited nearby park/cafe inventory; both can be addressed in underwriting and asset plans through security, amenities, and resident-experience programming.
- Above-metro occupancy and top-quartile national standing support stable leasing
- High neighborhood renter concentration indicates depth of tenant demand
- 1992 vintage offers value-add potential via selective upgrades and modernization
- Household growth within 3 miles, with smaller sizes, supports ongoing renter demand
- Risks: below-national safety benchmarks and limited nearby parks/cafes; underwrite security and amenity strategies