| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Good |
| Demographics | 20th | Fair |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2619 E Ash St, Laredo, TX, 78043, US |
| Region / Metro | Laredo |
| Year of Construction | 1981 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2619 E Ash St Laredo 24-Unit Multifamily Investment
Renter demand at the neighborhood level is supported by a high share of renter-occupied units and strong everyday amenities, according to WDSuite’s CRE market data. Stable occupancy and accessible price points position this asset for durable cash flow with value-add upside.
This Inner Suburb pocket of Laredo carries a B+ neighborhood rating and ranks 20th out of 63 in the metro, which is competitive among Laredo neighborhoods. Daily-needs access is a clear strength: grocery and pharmacy density ranks near the top of the metro and above national norms, while parks and cafes are limited. For investors, the amenity mix supports convenience-driven leasing despite fewer lifestyle amenities within the immediate blocks.
Neighborhood occupancy is reported at 87.1% with a slight uptick over five years, indicating resilient renter demand. The share of housing units that are renter-occupied is 63.8%, signaling a deep tenant base and potential for steadier leasing through cycles. Median asking rents in the neighborhood sit at the lower end of the metro spectrum, helping support retention and measured renewal growth.
Within a 3‑mile radius, WDSuite data shows households have increased even as overall population edged down modestly, reflecting smaller household sizes and a gradual shift toward more renters entering the market. Looking ahead, projections within the same 3‑mile radius point to further increases in household counts and higher median incomes, which can expand the tenant pool and support occupancy stability.
Home values in this submarket remain comparatively accessible relative to coastal markets, but the value‑to‑income profile trends higher than national midpoints. In practice, this high‑cost ownership context for local incomes helps sustain reliance on rental housing, reinforcing depth of demand and aiding lease retention when paired with attentive pricing and renewal strategies. Average school ratings are below national averages, which is unlikely to be a primary draw but typically does not deter workforce renters prioritizing value and proximity to services.
Safety indicators for the neighborhood sit near the metro median (ranked around the middle among 63 Laredo neighborhoods) and below the national average for safety. For investors, the more relevant trend is directionality: estimated property crime has declined year over year, and violent‑crime trends have been broadly stable, suggesting gradual improvement rather than deterioration.
As always, underwriting should reflect block‑level variation, on‑site lighting and access control, and coordination with professional management practices to support resident retention and asset performance.
The area functions as workforce housing with commutable access to regional employers, supporting tenant retention through proximity to industrial and corporate operations listed below.
- BorgWarner — automotive components (6.3 miles)
Built in 1981, the property is slightly older than nearby stock, creating a straightforward value‑add path through interior refreshes and systems upgrades while competing on price against newer alternatives. Neighborhood fundamentals show steady occupancy, a high renter concentration, and daily‑needs convenience (notably groceries and pharmacies), which together support leasing durability. Based on commercial real estate analysis from WDSuite, household growth and rising incomes within 3 miles point to a gradually expanding tenant base and room for measured rent optimization.
At the same time, ownership remains relatively high‑cost for local incomes, reinforcing renter reliance on multifamily housing. Key watch items include safety standing relative to national benchmarks and limited park/cafe amenities, which should be addressed through on‑site improvements and targeted marketing toward value‑seeking renters.
- 1981 vintage offers value‑add potential via interior and systems modernization
- Competitive neighborhood position with stable occupancy and deep renter base
- Household growth and income gains within 3 miles support demand and pricing power
- High everyday‑needs access (groceries, pharmacies) aids retention
- Risks: safety sits below national averages and lifestyle amenities are limited