| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Best |
| Demographics | 69th | Best |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1406 Calle Del Norte, Laredo, TX, 78041, US |
| Region / Metro | Laredo |
| Year of Construction | 1990 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1406 Calle Del Norte, Laredo Multifamily Investment
Neighborhood occupancy sits around the metro middle, with renter demand supported by household growth within a 3-mile radius and manageable rent-to-income levels, according to CRE market data from WDSuite.
Situated in a suburban pocket of Laredo, the neighborhood rates A and ranks 4th among 63 metro neighborhoods, indicating competitive fundamentals within the metro. Restaurants and groceries are convenient relative to the city (restaurant density ranks 14th of 63; groceries 27th of 63), while cafes and parks are limited, suggesting a daily-needs orientation rather than lifestyle retail clustering.
School quality is a relative strength: the average school rating is 4.0 and ranks 6th of 63, placing the neighborhood in the top quartile nationally. This tends to support family-oriented renter retention and broadens the tenant profile for workforce and middle-income units.
The existing housing stock skews slightly newer for the metro, but this property’s 1990 vintage is a touch older than the neighborhood average year built (1992). That gap often points to targeted capital planning opportunities—common-area refreshes, systems modernization, and unit turns—to stay competitive versus newer comparables.
Tenure patterns vary by geography. Within the neighborhood, about 27% of occupied housing units are renter-occupied, implying a more owner-leaning area and a defined but thinner immediate renter pool. Within a 3-mile radius, renter concentration is higher (roughly half of units), expanding the effective tenant base and supporting leasing depth for a 40-unit asset.
Income and home values are comparatively elevated for the metro (both near the upper tier nationally), which supports pricing power for quality product while requiring attention to affordability management. Neighborhood median contract rents remain lower than national norms and have risen over the last five years, while rent-to-income around 0.15 suggests room for disciplined rent growth without materially pressuring retention.
Safety indicators are mixed when viewed against national comparables. Neighborhood crime metrics place the area below the national median for safety (violent offense safety sits around the 29th percentile nationally and property offense around the 8th percentile), which calls for prudent security posture and tenant communication policies.
Trend-wise, year-over-year movement is constructive: estimated violent offense decreased by roughly 24% and property offenses by about 10%. For investors, the trajectory is as important as the level—continued declines would support reputation and leasing stability, while any reversal would be a watch item. Rankings are interpreted within the Laredo metro’s 63 neighborhoods and should be considered comparatively rather than as block-level certainty.
The area’s employment base includes regional manufacturing and corporate operations that contribute to commuter demand and retention for workforce renters, with proximity supporting day-to-day convenience for residents.
- BorgWarner — automotive components corporate offices (4.1 miles)
1406 Calle Del Norte offers a 40-unit footprint in a competitively rated Laredo neighborhood, where schools score in the metro’s upper tier and everyday amenities are practical even if lifestyle offerings are thinner. Occupancy in the neighborhood sits near the metro middle, and the 3-mile area shows growing households and smaller average household size, expanding the renter pool and supporting steady leasing. According to CRE market data from WDSuite, rents remain below national norms relative to income, which can sustain retention while allowing measured rent growth with thoughtful unit upgrades.
Built in 1990—slightly older than the neighborhood’s average stock—the property presents potential value-add via interior modernization and systems updates to compete with early-1990s and newer assets. Elevated ownership costs in the area reinforce reliance on multifamily housing for many households, while balanced rent-to-income levels suggest manageable affordability pressure when underwriting renewals and lease trade-outs.
- Competitive neighborhood standing (4th of 63) with strong schools supporting family-oriented demand
- Household growth and smaller household sizes within 3 miles broaden the renter base and support occupancy stability
- Rent levels below national norms relative to income enable disciplined rent growth with retention focus
- 1990 vintage offers targeted value-add through unit and systems modernization
- Risks: below-median national safety percentiles and limited parks/cafes warrant prudent OPEX for security and amenity strategy