| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Good |
| Demographics | 20th | Fair |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2602 E San Jose St, Laredo, TX, 78043, US |
| Region / Metro | Laredo |
| Year of Construction | 1991 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2602 E San Jose St Laredo Multifamily Opportunity
Renter concentration in the immediate neighborhood and attainable effective rents point to steady leasing potential, according to WDSuite’s CRE market data. The property’s smaller average unit sizes support value-oriented positioning while broader metro dynamics remain stable.
Located in an Inner Suburb of Laredo, the neighborhood rates B+ and is competitive among Laredo neighborhoods (20th of 63). Daily necessities are convenient: grocery access ranks near the top of the metro (6th of 63) with a high national standing, and pharmacies are similarly close by. Restaurants are present, though cafes and parks are limited, suggesting service-focused amenities rather than lifestyle destinations.
From an operations standpoint, neighborhood occupancy trends sit below the metro median, but the share of housing units that are renter-occupied is elevated (among the top few in the metro), indicating a deep tenant base for multifamily. Median contract rents in the neighborhood are on the lower side nationally, and a rent-to-income ratio around one-fifth implies comparatively lower affordability pressure—constructive for retention and lease management.
Housing stock skews slightly newer than the neighborhood average, and this asset’s 1991 vintage is newer than nearby stock from the early 1980s, which can help competitive positioning versus older properties while still planning for aging systems and selective modernization.
Demographic statistics aggregated within a 3-mile radius show a modest population dip over the past five years alongside growth in households, implying smaller household sizes and a broader pool of renting households. Median household incomes have risen meaningfully, and WDSuite data points to continued rent growth in the area over the next several years—supportive of revenue management without over-reliance on aggressive lease-ups. Ownership costs remain accessible in absolute terms, but relative value-to-income metrics suggest many households may continue to rely on rentals, sustaining multifamily demand.
Safety indicators for the neighborhood sit around the middle of the Laredo metro (32nd of 63), and below the national median when compared with neighborhoods nationwide. Recent trend data shows property offenses declining year over year, an improvement that places the area above the national middle for improvement momentum, while violent offense trends have been roughly steady. Investors should treat safety as a monitoring item, focusing on on-site lighting, access control and community engagement to support tenant retention.
The area draws from a diversified workforce with commuting access to nearby industrial and corporate employers, supporting renter demand and lease stability. Key nearby employer:
- BorgWarner — automotive components (6.1 miles)
This 48-unit asset built in 1991 offers a value-oriented, defensible position in an Inner Suburb location with strong day-to-day amenity access and a high concentration of renter-occupied housing units. Neighborhood rents are comparatively low on a national basis and rent-to-income levels indicate manageable affordability pressure—favorable for retention and steady occupancy. According to CRE market data from WDSuite, households within a 3-mile radius have been increasing even as average household size trends down, which expands the renter pool and supports stable demand for smaller units.
Relative to older 1980s-era stock common in the area, the vintage provides a competitive edge while leaving room for targeted value-add (interiors, energy efficiency, and common-area updates) to lift rents toward market. Key watch items include neighborhood occupancy trending below the metro median and limited park/cafe amenities, which call for disciplined tenant experience and marketing.
- Renter-heavy neighborhood supports depth of tenant base and leasing stability
- Value-oriented positioning with smaller average unit sizes and nationally low median rents
- 1991 vintage competes well versus older area stock, with selective renovation upside
- 3-mile household growth and income gains underpin ongoing renter demand
- Risks: below-metro occupancy, limited parks/cafes; mitigate via tenant experience and operations