| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Good |
| Demographics | 20th | Fair |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2201 E Travis St, Laredo, TX, 78043, US |
| Region / Metro | Laredo |
| Year of Construction | 2008 |
| Units | 22 |
| Transaction Date | 2019-10-14 |
| Transaction Price | $2,655,000 |
| Buyer | VINEYARD HOLDINGS OF TEXAS LLC |
| Seller | MEDICAL CENTER CONDOS LTD |
2201 E Travis St: 2008-Built 22-Unit Multifamily
Renter demand is supported by a high renter-occupied share in the surrounding neighborhood and steady mid-80s occupancy at the neighborhood level, according to WDSuite’s CRE market data. Newer construction for the submarket positions this asset competitively versus older stock in Laredo.
The property sits in an Inner Suburb of Laredo where neighborhood-level occupancy is 87.1% (neighborhood metric, not property-specific) and the share of housing units that are renter-occupied is elevated at 63.8%. For investors, that translates to a deeper tenant base and generally more consistent leasing velocity than owner-heavy areas.
Amenities skew practical: grocery access ranks 6th of 63 metro neighborhoods (top quartile among Laredo peers), and pharmacies also rank near the top of the metro. By contrast, cafes and parks rank near the bottom locally, so the amenity mix is more daily-needs than lifestyle. Average school ratings sit below national medians, which can modestly influence family-driven demand, though proximity to childcare (ranked 14th of 63) supports working households.
Rents in the neighborhood are positioned below the national median with moderate five-year growth, while the neighborhood’s rent-to-income ratio around 0.20 suggests manageable affordability pressure and potential for retention if lease management remains disciplined. Home values are lower than national norms in this area, which can invite some competition from entry-level ownership; however, the strong renter concentration points to continued reliance on multifamily housing for many households.
Vintage is an advantage here: 2008 construction is newer than the neighborhood’s average 1983 stock. That typically reduces near-term capital expenditure risk relative to older properties and can support occupancy versus legacy assets, while investors should still plan for selective system updates and modernization to sustain competitiveness. Demographic statistics within a 3-mile radius show slightly lower population than five years ago alongside an increase in households and smaller average household sizes, a mix that often supports multifamily demand by expanding the number of renting households over time (with projections indicating further household growth).
Neighborhood safety trends are mixed when viewed against broader benchmarks. Within the Laredo metro, crime conditions track around the middle of the pack among 63 neighborhoods. Compared with neighborhoods nationwide, the area falls below the national median for safety, so underwriting should assume average-to-elevated security and insurance line items relative to stronger national comparables.
Recent momentum is constructive: estimated property offenses have declined year over year, and violent offense trends have eased slightly as well. For investors, this points to gradually improving conditions, though sustained monitoring and appropriate on-site measures remain prudent.
The immediate area draws from a regional workforce base. Nearby industrial and corporate operations help support renter demand through commute convenience, with the following employer representing a notable presence.
- BorgWarner — automotive components (6.0 miles)
This 22-unit, 2008-built property offers newer-vintage positioning in a neighborhood dominated by older stock, which can aid leasing and reduce near-term capital needs. The surrounding area shows steady neighborhood occupancy and a high share of renter-occupied units, indicating depth of tenant demand. According to CRE market data from WDSuite, neighborhood rents sit below national medians with moderate growth, supporting achievable lease-up while leaving room for measured revenue management as unit quality and operations are optimized.
Within a 3-mile radius, households have increased even as population edged lower, and forecasts point to further household growth with smaller average household sizes—both supportive of multifamily demand and occupancy stability. Investors should balance these positives against below-median school ratings, safety performance that trails national medians, and potential competition from relatively accessible ownership options, using targeted upgrades and resident services to strengthen retention.
- Newer 2008 vintage versus older neighborhood stock, lowering near-term capex and aiding competitiveness
- Elevated renter-occupied share and steady neighborhood occupancy support demand and leasing stability
- Below-national rent levels with moderate growth provide attainable pricing and potential revenue optimization
- 3-mile household growth and smaller household sizes expand the local renter pool over time
- Risks: safety below national medians, softer school ratings, and some competition from entry-level ownership