| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Good |
| Demographics | 21st | Fair |
| Amenities | 11th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 212 Obsidian Blvd, Laredo, TX, 78046, US |
| Region / Metro | Laredo |
| Year of Construction | 2013 |
| Units | 102 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
212 Obsidian Blvd, Laredo Multifamily Investment (2013)
Neighborhood occupancy trends indicate stable renter demand in this suburban pocket of Laredo, according to WDSuite’s CRE market data. Strengths in occupancy underpin cash flow durability while investors should underwrite for suburban, car-oriented living.
This suburban location shows strong neighborhood-level occupancy, ranked 3rd of 63 Laredo neighborhoods and in the top quartile nationally, per WDSuite. That backdrop supports leasing stability, though the area’s low walkable amenity density (cafes, restaurants, parks, pharmacies) suggests a car-oriented resident profile rather than urban convenience.
Within a 3-mile radius, recent population and household growth has been solid, with projections pointing to further renter pool expansion over the next five years. Family presence is high and average household size is large by national standards, factors that can sustain demand for larger floor plans and support occupancy stability.
Renter-occupied housing comprises roughly a quarter of units within 3 miles, indicating a smaller but steady multifamily tenant base. Neighborhood rent-to-income sits at a moderate level, which can support retention and steady leasing, while relatively accessible ownership costs in this area may temper pricing power at the top end—an important underwriting consideration for renewals and premium unit mixes.
The neighborhood’s average construction year skews recent (2011). With a 2013 build, the property should remain competitive versus older stock while investors may still plan for mid-life system updates and select modernization to support positioning. School ratings trend around the middle of national peers, and grocery access is comparatively stronger than other amenities—practical for day-to-day needs.
Safety indicators are mixed relative to national benchmarks. WDSuite data places the neighborhood below the national median on several measures, signaling more incidents than many U.S. neighborhoods, yet recent year-over-year trends point to modest improvement in both violent and property offense rates. Investors typically translate this into prudent security planning and a focus on visibility, lighting, and resident engagement rather than expecting dramatic shifts.
Compared with other parts of the Laredo metro, the area’s safety standing is competitive in some categories but not top tier. Use this as a comparative input alongside rent positioning and target renter profile, keeping expectations grounded in submarket trends rather than block-level assumptions.
The employment base includes manufacturing and automotive suppliers that broaden blue-collar and technical job opportunities, supporting workforce renter demand and commute convenience for residents. Listed below is a nearby employer relevant to this submarket.
- BorgWarner — automotive components (12.4 miles)
Built in 2013 with 102 units averaging about 800 square feet, the asset aligns with a neighborhood where occupancy is among the strongest in the Laredo metro and in the top quartile nationally. According to CRE market data from WDSuite, this stability—combined with moderate rent-to-income levels—supports steady leasing and renewals, while suburban fundamentals imply auto-oriented households and value-conscious renters.
Demographic growth within a 3-mile radius and a family-heavy renter profile point to sustained demand for practical floor plans. At the same time, more accessible ownership costs in the area and limited walkable amenities warrant disciplined rent setting and ongoing property-level enhancements to maintain competitive positioning as building systems age into mid-life.
- Neighborhood occupancy ranks 3rd of 63 locally and sits in the top quartile nationally, reinforcing leasing stability.
- 2013 vintage offers competitive positioning versus older stock, with manageable mid-life capital planning.
- Family-oriented demographics within 3 miles support demand for larger, functional unit layouts.
- Moderate rent-to-income levels aid retention; ownership accessibility may limit top-end pricing power.
- Risk: Limited walkable amenities and below-median safety metrics require pragmatic operational strategies.