| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Best |
| Demographics | 69th | Best |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1616 Calle Del Norte, Laredo, TX, 78041, US |
| Region / Metro | Laredo |
| Year of Construction | 1986 |
| Units | 48 |
| Transaction Date | 2025-05-05 |
| Transaction Price | $2,261,000 |
| Buyer | LAREDO MIDTOWN APARTMENTS LLC |
| Seller | ARECHIGA RENTALS LTD |
1616 Calle Del Norte Laredo Multifamily Investment
Neighborhood occupancy sits around the metro middle and incomes are trending higher, supporting steady renter demand according to WDSuite’s CRE market data.
Rated A and ranked 4th of 63 metro neighborhoods, this Suburban location is top quartile locally, indicating solid fundamentals for multifamily investors. Grocery and dining access are stronger than many areas in Laredo, while parks and cafes are limited—suggesting everyday convenience with fewer lifestyle amenities nearby. Average school ratings are strong versus the nation (about the 84th percentile), which can aid leasing to households prioritizing education.
Renter demand signals are balanced. The share of housing units that are renter-occupied in the neighborhood is moderate (27.3%), which points to a meaningful, but not dominant, renter base—helpful for demand stability without heavy concentration risk. Neighborhood occupancy is near national and metro midpoints, a setup that typically supports predictable operations rather than outsized volatility. For investors focused on multifamily property research, these dynamics suggest reliable day-to-day performance with room to add value through execution.
The property’s 1986 vintage is slightly older than the neighborhood’s average construction year (1992), implying routine capital planning and selective renovations could sharpen competitive positioning versus newer stock. Given the small average unit size, repositioning toward efficient layouts or refreshed finishes may enhance rentability and retention without overcapitalizing.
Within a 3-mile radius, households have grown in recent years and are projected to expand further by 2028, even as average household size trends smaller. This combination typically enlarges the tenant base and supports occupancy stability. Household incomes have advanced, and ownership costs in the neighborhood sit on the higher side nationally, which can sustain reliance on rental options and provide landlords measured pricing power when paired with disciplined lease management.
Safety metrics benchmark slightly below the national average (around the 40th percentile nationwide), and the neighborhood sits in the lower half of Laredo on crime (26 of 63 neighborhoods), indicating comparatively higher incidents than the metro median. Recent trends are constructive: both violent and property offenses have moved lower year over year, which is a favorable directional signal for investors monitoring operational risk. As always, underwriting should account for security measures and insurance costs consistent with submarket norms.
Nearby employment is anchored by manufacturing and corporate operations that help support renter demand through convenient commutes. The list below highlights a key employer within typical commuting distance.
- BorgWarner — automotive components (4.1 miles)
This 48-unit asset offers a steady-demand profile in a top-quartile Laredo neighborhood. Neighborhood occupancy is around the metro midpoint and renter concentration is moderate, supporting day-to-day stability. The 1986 vintage suggests practical value-add upside through targeted renovations and systems updates, especially given the property’s smaller floor plans that cater to efficiency-oriented renters. Elevated home values in the neighborhood relative to much of the nation reinforce reliance on rental housing and can support pricing power when coupled with income growth. Based on CRE market data from WDSuite, these fundamentals align with consistent operations rather than volatility-driven outcomes.
Within a 3-mile radius, households have increased and are projected to expand further amid smaller household sizes—an environment that typically grows the renter pool and supports occupancy and leasing velocity. Key risks to underwrite include below-average national safety benchmarks and limited park/cafe amenities, which may necessitate incremental on-site offerings or security measures to enhance resident appeal.
- Top-quartile neighborhood (4 of 63) with strong daily-needs access and solid school ratings
- Moderate renter concentration and metro-midpoint occupancy support predictable cash flow
- 1986 vintage allows targeted value-add to improve competitive positioning versus newer stock
- Within 3 miles, rising household counts and smaller household sizes expand the renter base
- Risks: safety metrics below national average and limited parks/cafes may require on-site enhancements