| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Good |
| Demographics | 22nd | Fair |
| Amenities | 28th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3220 E Frost St, Laredo, TX, 78043, US |
| Region / Metro | Laredo |
| Year of Construction | 1989 |
| Units | 37 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3220 E Frost St Laredo Multifamily Investment
Renter-occupied housing is a majority in the surrounding neighborhood, supporting a consistent tenant base and occupancy near the metro median, according to WDSuite’s CRE market data. Stable local demand paired with value-add potential positions this asset for pragmatic, operations-focused ownership.
Located in Laredo’s inner-suburb fabric, the neighborhood posts an occupancy rate of 91.8% (32 of 63 metro neighborhoods), indicating stability that is roughly near the metro median. The renter-occupied share of housing units is 58.5% (6 of 63), which is competitive among Laredo neighborhoods and implies a deeper tenant base for small-format multifamily.
Amenity access is mixed: park and cafe density rank among the stronger showings in the metro (parks 3 of 63; cafes 4 of 63; both high nationally), while grocery and pharmacy counts are limited in the immediate area. For investors, this combination often supports day-to-day livability and leisure while signaling room for additional neighborhood retail maturation over time.
Home values sit well below national medians (low national percentile), which generally indicates a more accessible ownership market and potential competition with entry-level for-sale options. At the same time, the neighborhood’s rent-to-income ratio trends near the lower end nationally, which can support lease retention and limit turnover risk during renewals.
Demographic indicators within a 3-mile radius show modest population softening in recent years alongside growth in household counts and a decline in average household size. This shift typically increases the number of renting households and can expand the renter pool, supporting occupancy stability even when population totals are flat to slightly negative.
Safety conditions in this neighborhood track below the national median, with crime measures ranking in the lower half of outcomes versus U.S. neighborhoods. Within the Laredo metro, the neighborhood’s crime rank sits in the less favorable half (25 of 63), indicating comparatively higher incident rates than many local peers.
Recent trend data is mixed but includes a notable decline in violent offenses over the past year, placing the area in an improving cohort nationally. Investors should underwrite with conservative assumptions for security measures and insurance, while recognizing the recent improvement trend and continuing to benchmark against submarket comps.
Proximity to nearby industrial and corporate operations supports workforce housing dynamics and commute convenience for renters. The following employer presence reflects the immediate employment base accessible from the property.
- BorgWarner — automotive components (6.5 miles)
Built in 1989, the property is slightly older than the neighborhood average vintage, suggesting targeted capital planning and value-add potential to enhance curb appeal and operating efficiency. Neighborhood occupancy is near the metro median, while the renter-occupied share is among the higher concentrations locally, supporting demand depth for smaller units.
Within a 3-mile radius, household counts have grown even as overall population edged down, with forecasts indicating more households and smaller average sizes; this typically expands the renter pool and supports leasing resilience. According to CRE market data from WDSuite, local rents remain relatively manageable versus incomes, which can aid retention and reduce volatility through cycles.
- High renter-occupied share in the neighborhood supports a deeper tenant base
- 1989 vintage offers value-add and systems upgrade opportunities
- Household growth and smaller sizes within 3 miles expand the renter pool
- Manageable rent-to-income dynamics support lease retention and pricing stability
- Risk: Safety metrics lag metro leaders; budget for security and insurance accordingly