| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Good |
| Demographics | 45th | Good |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 300 W Hillside Rd, Laredo, TX, 78041, US |
| Region / Metro | Laredo |
| Year of Construction | 1982 |
| Units | 96 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
300 W Hillside Rd, Laredo TX Multifamily Investment
Positioned in an inner-suburban pocket with steady renter demand and strong amenity access, this 96-unit asset benefits from neighborhood occupancy around the mid‑90s, according to WDSuite’s CRE market data. The investment angle centers on durable leasing fundamentals and a broad workforce renter base supported by nearby services.
The property sits in an Inner Suburb neighborhood rated A and ranked 5th among 63 Laredo neighborhoods, placing it in the top quartile locally. Amenity access is a clear strength: restaurants density ranks 1st of 63 and cafes are competitive among Laredo neighborhoods (rank 8 of 63), with parks and childcare options also high nationally (parks ~88th percentile; childcare ~98th percentile). These dynamics support daily convenience and broaden the appeal to a wide renter audience.
Neighborhood occupancy is 95.4% and ranks 19th of 63, which is above the metro median and suggests leasing stability relative to many local sub-areas. Approximately 49.4% of housing units are renter-occupied, an 88th percentile share nationally, indicating a deep renter base that can support multifamily absorption and renewals.
Within a 3-mile radius, demographics show households have inched higher over the last five years even as population edged lower, implying smaller household sizes and a renter pool that continues to diversify. Looking forward, projections indicate further growth in household counts with incomes trending higher, which supports occupancy stability and measured rent growth for well-managed multifamily properties. Median contract rent in the 3-mile area has risen in recent years and is projected to continue increasing, reinforcing the case for sustained renter demand.
Home values in the neighborhood sit below many coastal markets (median ~$201k; ~64th percentile value-to-income nationally). In investor terms, ownership is relatively attainable locally, which can create some competition with for-sale options; however, a large renter-occupied share and rising household incomes support depth of demand, lease retention, and disciplined pricing power for well-positioned properties.
Safety indicators are mixed. The neighborhood’s crime rank sits in the lower half among 63 Laredo neighborhoods, and national comparisons place it below the national average for safety (violent and property offense percentiles are lower nationally). At the same time, recent trend data shows improvement, with both violent and property offenses declining year over year, signaling directional progress.
For investors, the takeaway is to underwrite with conservative assumptions while recognizing the improving trajectory. Comparatively, this submarket’s safety profile may trail higher‑ranked Laredo neighborhoods but is trending in a favorable direction, which can aid resident retention and marketing over time if sustained.
The area draws on a broad workforce, with nearby industrial and corporate operations that help support renter demand and commute convenience. Notable employer proximity includes the following.
- BorgWarner — automotive components (4.8 miles)
This 96‑unit property benefits from a top-quartile neighborhood rank locally, strong amenity access, and above‑median occupancy for Laredo (ranked 19th of 63), pointing to resilient leasing fundamentals. The renter-occupied share is high by national standards, indicating a deep tenant base. Within a 3‑mile radius, households are up and projected to grow further even as average household size declines, supporting a broader renter pool and steady absorption. According to CRE market data from WDSuite, these conditions align with sustained demand and measured pricing power in comparable Laredo submarkets.
Balanced against these strengths are a safety profile that trails national averages and a for‑sale market that is relatively attainable, which can create some competition with ownership. Prudent underwriting around marketing, security, and renewal strategies, paired with operational focus on resident experience, positions the asset to capitalize on neighborhood convenience and demand depth.
- Above‑median neighborhood occupancy (ranked 19th of 63) supports leasing stability
- High renter-occupied share indicates depth of tenant demand
- Strong amenity access (restaurants, parks, childcare) underpins renter appeal
- 3‑mile households expanding and incomes rising, supporting occupancy and rent growth
- Risks: below‑average national safety profile and some competition from ownership options