| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Good |
| Demographics | 44th | Good |
| Amenities | 15th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2024 Quail Creek Rd, Laredo, TX, 78045, US |
| Region / Metro | Laredo |
| Year of Construction | 1993 |
| Units | 102 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2024 Quail Creek Rd, Laredo TX Multifamily Opportunity
Neighborhood occupancy near 96% suggests steady renter demand and cash flow resilience for a 102‑unit asset, according to WDSuite’s CRE market data.
This Inner Suburb pocket of Laredo carries a B- neighborhood rating and shows durable fundamentals for workforce housing. Neighborhood occupancy is 96.2% and has edged higher over the past five years, ranking above the metro median (15 of 63) and landing in the top quartile nationally. For investors, this supports expectations for stable lease-up and retention.
Daily needs are reasonably served by grocery access, which is competitive among Laredo neighborhoods and well above national norms, while on-the-doorstep dining, cafes, parks, and pharmacies are thinner within the immediate area. Average school ratings test above much of the metro and sit well above national midpoints, which can aid family-oriented renter retention.
The local housing stock skews newer than the subject’s 1993 vintage (neighborhood average build year 2009). That dynamic can support a value‑add strategy: targeted renovations and system upgrades may enhance competitiveness against newer comparables while maintaining a rent position aligned with mid-market demand.
Within a 3‑mile radius, population has been essentially flat in recent years, but households grew and are projected to rise meaningfully alongside smaller average household sizes. That combination typically expands the tenant base and supports occupancy stability even without outsized population growth.
Comparable crime data for this neighborhood is not available in WDSuite for the most recent period. Investors typically benchmark site selection by comparing neighborhood trends to city and county sources and by evaluating property-level controls (lighting, access management) relative to nearby Inner Suburb locations in Laredo.
Nearby employment is anchored by corporate and manufacturing operations that help support renter demand through commute convenience.
- BorgWarner — automotive components (2.7 miles)
The property’s 102 units and 1993 construction offer a practical platform for value‑add upgrades in a neighborhood where occupancy of 96.2% sits above the metro median, based on CRE market data from WDSuite. Newer surrounding stock (average 2009) suggests selective interior rehabs and common‑area improvements could sharpen competitive positioning while keeping a moderate rent profile.
Within a 3‑mile radius, households have increased and are forecast to expand further as household sizes trend smaller. Combined with a sizable owner cohort and mid-market home values, this points to steady—if measured—multifamily demand, with modest rent-to-income levels supporting retention. The main considerations are capex for an early‑1990s asset and potential competition from ownership options and newer deliveries.
- Neighborhood occupancy around 96% supports stable leasing and cash flow
- 1993 vintage presents value‑add and modernization upside versus newer comps
- Household growth within 3 miles and smaller household sizes expand the tenant base
- Grocery access is strong; other near-site amenities are thinner but improving metro-wide
- Key risks: capex for aging systems, competition from ownership and newer inventory