| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Good |
| Demographics | 20th | Fair |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3002 E Ash St, Laredo, TX, 78043, US |
| Region / Metro | Laredo |
| Year of Construction | 1993 |
| Units | 20 |
| Transaction Date | 2012-03-09 |
| Transaction Price | $301,600 |
| Buyer | GARZA CARLOS MANUEL |
| Seller | AB HOMES LLC |
3002 E Ash St, Laredo, TX — 20-Unit Multifamily Investment
According to WDSuite’s CRE market data, strong renter concentration and steady neighborhood occupancy support demand for compact units in this inner-suburban pocket of Laredo.
The property sits in an Inner Suburb of Laredo with a B+ neighborhood rating and a competitive standing among 63 metro neighborhoods. Local livability skews practical: everyday retail and services are accessible, while lifestyle amenities are thinner, shaping a renter base that values convenience over leisure options.
Amenity access is anchored by groceries and pharmacies, which track in the upper percentiles nationally, while parks and cafes are sparse. School quality runs below broader benchmarks, so leasing narratives often emphasize proximity to daily needs and value positioning rather than premium education anchors, based on WDSuite’s multifamily property research.
For rentals, the neighborhood shows stable occupancy over the last five years and an elevated share of renter-occupied housing—roughly two-thirds—indicating a deeper tenant pool for small-format apartments. Rents benchmark on the lower side for the metro, keeping affordability pressures more manageable and supporting retention, while ownership costs appear moderate in absolute terms yet comparatively higher versus local incomes, which can sustain rental reliance.
Demographics aggregated within a 3-mile radius point to a slight population dip alongside growth in households and families, implying smaller household sizes and a broader base of potential renters. Forward-looking projections indicate further household growth and income gains through the forecast window, which should bolster leasing depth and help maintain occupancy.
Vintage matters: built in 1993, the asset is newer than much of the surrounding stock (which skews 1980s). That positioning can support competitiveness versus older properties, while still warranting selective system upgrades or light value-add to keep finishes and operations current.
Relative to 63 Laredo neighborhoods, local safety outcomes sit around the metro middle, and the area trends less safe than many neighborhoods nationally. However, recent year-over-year readings show property-related incidents declining at a pace that outperforms a large share of neighborhoods nationwide, according to WDSuite’s CRE market data.
For investors, the takeaway is risk management rather than avoidance: consistent operations, lighting, access control, and resident screening can help sustain leasing and retention as broader safety trends continue to improve.
Regional employment is diversified, with commuting access to industrial and corporate operations that can support workforce housing demand. Notable nearby employer:
- BorgWarner — automotive supplier (6.3 miles)
This 1993-vintage, 20-unit micro-unit asset aligns with a neighborhood where renter-occupied housing is prominent and occupancy has been steady. Everyday retail access is strong, while lifestyle amenities are thinner—factors that favor value-oriented positioning. According to commercial real estate analysis from WDSuite, rents trend on the lower side locally and rent-to-income looks manageable, supporting tenant retention. The asset’s newer vintage versus much of the 1980s-era stock provides a competitive edge, with selective capital planning to modernize systems and finishes likely to unlock durability in cash flow.
Within a 3-mile radius, households and families have grown even as total population edged down, signaling smaller household sizes and a wider renter pool. Forward projections show additional household expansion and rising incomes, which can support occupancy stability and measured rent growth over time.
- Renter concentration and stable neighborhood occupancy support depth of demand for small-format units.
- 1993 vintage is newer than much of the area’s housing stock, offering relative competitiveness with targeted upgrades.
- Household growth and rising incomes within 3 miles point to a broader tenant base and support for retention.
- Risks: mid-pack metro safety and limited parks/cafes require emphasis on operations, security, and value-driven leasing.