| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Good |
| Demographics | 49th | Best |
| Amenities | 41st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1601 Fremont St, Laredo, TX, 78043, US |
| Region / Metro | Laredo |
| Year of Construction | 1972 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1601 Fremont St, Laredo TX Multifamily Investment
Neighborhood occupancy is around 91%, supporting steady renter demand in this inner-suburban pocket, according to WDSuite’s CRE market data. With modest contract rents relative to local incomes, pricing power hinges on disciplined operations and targeted upgrades.
Positioned in Laredo’s Inner Suburb, the asset is in a neighborhood rated A- and ranked 14th among 63 metro neighborhoods, indicating competitive fundamentals at the submarket level. Grocery access is a local strength (high national percentile), while parks, pharmacies, and cafes are limited, so resident appeal leans more on everyday retail and services than recreational amenities. Schools average about 3.5 out of 5 and sit in the top quartile nationally by percentile, which can help support family-oriented tenant retention.
Renter-occupied share at the neighborhood level is meaningful, pointing to depth in the tenant base for smaller multifamily assets. Within a 3-mile radius, demographic statistics show a sizeable working-age population and a projected increase in households alongside declining average household size. For investors, that points to a larger tenant base over time and potential support for occupancy stability and absorption.
Neighborhood-level median contract rents remain comparatively modest, and a rent-to-income ratio near 0.24 indicates manageable affordability pressure, which can aid renewal capture and reduce turnover. Home values, while lower in absolute terms, are high relative to local incomes (top quartile among 63 Laredo neighborhoods by value-to-income ratio), reinforcing renter reliance on multifamily housing and supporting lease retention.
Built in 1972, the property is slightly older than the neighborhood average construction year. That typically calls for planned capital outlays on building systems and common areas, with value-add potential through thoughtful interior improvements to compete more effectively against newer stock.
Safety metrics are below national averages and the area sits in the less-favorable half among 63 Laredo neighborhoods. However, recent trends show year-over-year declines in both violent and property incidents, a constructive directional signal to monitor as part of risk management.
Underwriting should reflect prudent assumptions for security and site improvements, while recognizing improving momentum that could support resident experience and retention if the trend persists.
Nearby employment is anchored by industrial and corporate operations that provide steady regional jobs and commuting demand. Notably, automotive components manufacturing contributes to the workforce within a short drive.
- BorgWarner — automotive components manufacturing (7.1 miles)
This 25-unit asset with smaller average floor plans offers an attainable price point for renters, while neighborhood occupancy has held near the low-90s and improved over five years. According to commercial real estate analysis from WDSuite, manageable rent-to-income levels and a meaningful renter concentration support stable leasing, with household growth within a 3-mile radius pointing to a gradually expanding tenant base.
The 1972 vintage introduces value-add potential through modernization and energy or systems upgrades to improve competitive positioning versus newer stock. Limited recreational amenities nearby place more emphasis on property-level enhancements and operations, but grocery and essential retail access is a local strength that supports daily livability and lease retention.
- Neighborhood occupancy near the low-90s and improving trend support leasing stability.
- Manageable rent-to-income levels and a solid renter base underpin renewal potential.
- 1972 vintage presents value-add upside through targeted interior and systems upgrades.
- Essential retail and grocery access enhance day-to-day livability for tenants.
- Risks: below-average safety metrics and limited nearby parks/cafes require prudent underwriting and property-level improvements.