| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Good |
| Demographics | 13th | Poor |
| Amenities | 30th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2720 Cleveland St, Laredo, TX, 78043, US |
| Region / Metro | Laredo |
| Year of Construction | 1982 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2720 Cleveland St, Laredo TX Multifamily Investment
Neighborhood occupancy trends sit above the metro median, supporting lease stability, according to WDSuite’s CRE market data. A higher renter-occupied share suggests a workable tenant base, though affordability pressures warrant careful management.
This inner-suburb location in Laredo offers everyday convenience, with grocery and dining density ranking in the top quartile among 63 metro neighborhoods. By contrast, parks, pharmacies, childcare, and cafes are limited locally, so on-site amenities and resident services can be differentiators for retention.
Occupancy in the neighborhood is above the metro median, indicating generally steady rent rolls relative to the Laredo market, based on CRE market data from WDSuite. The share of renter-occupied housing is competitive among Laredo neighborhoods and sits higher than many areas nationally, pointing to depth in the tenant pool rather than reliance on a thin slice of demand.
Construction vintage in the area trends early-1990s, while this asset dates to 1982. That older vintage typically implies planning for exterior, systems, and interior updates; for investors, this can be a path to value-add repositioning and improved competitive standing against newer stock.
Within a 3-mile radius, households have expanded in recent years and are projected to grow further as average household size moderates, which supports a larger renter base over the next five years. Home values remain relatively low in absolute terms but high relative to local incomes in this neighborhood; that ownership cost context tends to sustain rental demand and can aid lease-up and renewal performance.
Relative to the Laredo metro, this neighborhood ranks 13th out of 63 on crime, indicating higher incident levels than many nearby neighborhoods. Nationally, it sits below mid-pack for safety; however, both property and violent offense estimates show meaningful year-over-year declines, suggesting recent improvement trends rather than deterioration.
For underwriting, investors typically account for elevated security line items and emphasize lighting, access control, and resident engagement. Continued monitoring of local trends is prudent, as directional improvement can support retention and collections stability over time.
The area draws from regional industrial and corporate employment, providing a commuting base that supports renter demand. Nearby employers include:
- BorgWarner — automotive components (8.6 miles)
This 24-unit 1982 asset sits in an inner-suburb pocket with above-median neighborhood occupancy and strong access to daily-needs retail and dining, according to CRE market data from WDSuite. The neighborhood’s renter-occupied share is competitive within the metro and comparatively high versus many U.S. areas, indicating a durable tenant base for stabilized operations.
Forward-looking 3-mile demographics point to household growth alongside smaller household sizes, expanding the renter pool. Older vintage creates a clear value-add path through targeted renovations and systems upgrades, while a high-cost ownership landscape relative to incomes reinforces reliance on multifamily housing. Key watch items include renter affordability pressure and local safety conditions, both manageable with calibrated pricing, expense controls, and property-level security measures.
- Above-median neighborhood occupancy provides a foundation for stable leasing
- Competitive renter-occupied share supports depth of tenant demand
- Grocery and dining access in top quartile among 63 metro neighborhoods
- 1982 vintage offers value-add potential through renovations and modernization
- Risks: renter affordability pressure and elevated local crime require disciplined pricing and security planning