| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 70th | Best |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1602 Jacaman Rd, Laredo, TX, 78041, US |
| Region / Metro | Laredo |
| Year of Construction | 1997 |
| Units | 110 |
| Transaction Date | 2019-09-19 |
| Transaction Price | $15,000,000 |
| Buyer | NW LAREDO DEVELOPMENT II LLC |
| Seller | N W LAREDO DEVELOPMENT LTD |
1602 Jacaman Rd, Laredo Multifamily Investment Opportunity
Neighborhood occupancy remains high with signs of continued renter demand, according to WDSuite’s CRE market data, positioning this asset for stable leasing in an inner suburb location.
Located in Laredo’s Inner Suburb, the property sits in a neighborhood rated A+ and ranked 1st among 63 metro neighborhoods, indicating competitive fundamentals relative to the broader market. Neighborhood occupancy is strong at the moment and ranks within the upper tier locally (above the metro median), supporting steady lease-up conditions for professionally managed assets.
Daily-life amenities are a local strength: grocery access, restaurants, parks, pharmacies, and childcare density all sit in higher national percentiles (generally around the 70s–80s), which tends to support retention and leasing velocity. Schools in the area average roughly 4.0 out of 5 and rank 6th of 63 in the metro (competitive among Laredo neighborhoods), a factor that can broaden the renter pool for larger household types.
Home values in the neighborhood skew toward a high-cost ownership market relative to local incomes, with the area’s value-to-income and median home value metrics elevated versus many U.S. neighborhoods. For multifamily owners, elevated ownership costs can sustain reliance on rental housing and support pricing power, while the neighborhood’s rent-to-income ratio around mid-range nationally suggests manageable affordability pressure that can aid lease retention.
Demographic statistics within a 3-mile radius show population growth over the last five years, an increase in households, and further gains projected by 2028. Rising incomes over both the recent period and the forecast horizon indicate a larger tenant base with improving ability to absorb rent, which can support occupancy stability and measured rent growth. Renter-occupied share in the neighborhood is near half of housing units, signaling a deep tenant base for multifamily demand.
The property’s 1997 construction is older than the neighborhood’s average vintage (2009). For investors, that typically points to capital planning for systems and common-area upgrades, but it can also create value-add potential to position the asset competitively against newer stock.
Safety indicators for the neighborhood track around the metro midpoint (approximately middle of 63 neighborhoods), while sitting below the national median on a percentile basis. Recent trend data shows estimated violent and property offense rates moving down year over year, which is a constructive directional signal. As always, investors should evaluate property-level measures and sub-area patterns as part of diligence, using neighborhood comparisons as context rather than block-level conclusions.
- BorgWarner — automotive components (3.9 miles)
Nearby employment includes corporate and manufacturing operations that help support renter demand through commute convenience and diversified job bases. The list below reflects key nearby presence referenced in this analysis.
This 110-unit asset benefits from a top-ranked Inner Suburb location in Laredo, with strong neighborhood occupancy and a renter-occupied share near half of housing units, indicating depth in the tenant base. Within a 3-mile radius, recent population and household growth, coupled with rising incomes and additional gains projected by 2028, point to demand that can support stable leasing and measured rent growth. According to CRE market data from WDSuite, the neighborhood’s amenity access and school quality are competitive within the metro, reinforcing retention.
Built in 1997, the property is older than the neighborhood’s average vintage, suggesting targeted capital expenditure and value-add opportunities to enhance unit finishes and systems relative to newer product. Elevated ownership costs in the area can sustain reliance on rental housing, supporting pricing power, while current safety metrics sit near the metro midpoint but show improving trends—factors to incorporate into underwriting and operations planning.
- Top-ranked neighborhood within the Laredo metro supports leasing stability and retention.
- Deep renter base and strong neighborhood occupancy reinforce demand for professionally managed units.
- 3-mile radius shows household growth and rising incomes, expanding the tenant pool.
- 1997 vintage offers value-add potential through targeted upgrades vs. newer competing stock.
- Risks: older systems may require capex; safety metrics below national median despite recent improvements; ownership alternatives could present competition in certain cycles.