| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Poor |
| Demographics | 28th | Fair |
| Amenities | 48th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1817 Jefferson St, Laredo, TX, 78040, US |
| Region / Metro | Laredo |
| Year of Construction | 1992 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1817 Jefferson St, Laredo TX Multifamily Investment Snapshot
Neighborhood fundamentals point to steady renter demand and accessible pricing, according to WDSuite s CRE market data, supporting an income-focused hold with selective upgrades.
Situated in an Inner Suburb of Laredo, the property benefits from daily-needs convenience and a renter base that supports small multifamily assets. The neighborhood s renter-occupied share is elevated (ranked favorably versus 63 metro neighborhoods and high in national percentile terms), signaling a deeper tenant pool and demand stability for workforce housing.
Local amenity access is a relative strength: grocery density ranks near the top among 63 Laredo neighborhoods and sits in the top national percentile, while restaurants and cafes are also top quartile nationally. Limited park, pharmacy, and childcare presence locally suggests residents lean on broader city offerings, an operational consideration for marketing and retention.
Schools average roughly 4-out-of-5 and rank near the top of the 63-neighborhood metro set, with an above-average national percentile. Stronger school ratings can aid lease retention for family renters. Vintage-wise, the submarket s average construction year skews older (1950s), and a 1992 asset should compete well against older stock, though investors should plan for system updates typical of 1990s construction.
Within a 3-mile radius, demographics show modest population decline alongside a slight increase in households and smaller household sizes over time rends that expand the renter pool even as headcount softens. Forecasts point to further household growth and a step-down in average household size, which supports occupancy stability. Median rent levels remain relatively accessible and the rent-to-income ratio around 0.18 indicates manageable affordability pressure, which can support lease retention and measured rent growth. For multifamily property research, these dynamics align with steady, needs-based demand.
Safety indicators are mixed but improving. The neighborhood sits below national safety percentiles overall, yet recent trends show notable improvement in violent-offense rates over the past year. Compared with the 63 neighborhoods in the Laredo metro, crime ranks in the lower half, indicating room for progress, but the directionality has been positive.
For underwriting, frame safety as a comparative factor: emphasize improving trends and tenant screening, and monitor neighborhood momentum relative to metro peers rather than relying on block-level conclusions.
Nearby employment includes manufacturing-related corporate offices that contribute to a broad workforce tenant base and commute convenience for residents, supporting leasing stability.
- BorgWarner automotive components corporate offices (6.6 miles)
This 1992, 20-unit asset offers a practical entry point into Laredo s workforce housing segment. Neighborhood occupancy trends remain stable at the area level, and renter concentration is high relative to peer neighborhoods, supporting a deeper tenant base. The property s newer vintage versus the submarket s older average stock suggests competitive positioning, with targeted capital plans (exteriors, interiors, building systems) likely to enhance rentability without overcapitalizing.
Household growth and smaller household sizes within a 3-mile radius are expected to expand the renter pool even as population trends drift flat to slightly negative a profile that typically supports occupancy stability in needs-based product. Accessible effective rents and a moderate rent-to-income backdrop reinforce retention. According to CRE market data from WDSuite, local amenity access is a relative strength and the ownership value-to-income profile indicates a high-cost ownership market on a relative basis, which can sustain renter reliance.
- Renter depth: high renter-occupied share in the neighborhood supports steady leasing.
- Competitive positioning: 1992 vintage competes well versus older local stock; plan selective system and interior updates.
- Demand drivers: strong access to groceries and dining supports daily-needs convenience and retention.
- Underwriting support: 3-mile household growth and smaller household sizes expand the renter pool and support occupancy stability.
- Risks: limited parks/pharmacies and mixed safety standing vs. national benchmarks; assume ongoing management attention and conservative loss-to-lease.