| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Good |
| Demographics | 22nd | Fair |
| Amenities | 28th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3515 N Ejido Ave, Laredo, TX, 78043, US |
| Region / Metro | Laredo |
| Year of Construction | 1996 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3515 N Ejido Ave Laredo Multifamily Investment
Neighborhood occupancy is near the metro median and a rising household count within a 3-mile radius points to a deeper tenant base, according to WDSuite’s CRE market data. The property’s 60-unit scale positions it to capture steady renter demand in Laredo.
Located in Laredo’s inner-suburban fabric, the neighborhood posts an estimated 91.8% occupancy at the neighborhood level, which sits around the metro median among 63 local neighborhoods, based on CRE market data from WDSuite. Within a 3-mile radius, households have grown even as population has been flat to slightly down, indicating smaller household sizes and a broader pool of renters supporting lease-up and renewal stability.
Renter-occupied housing represents about 51% of units within 3 miles, signaling a solid renter concentration and depth of demand for multifamily product. Median contract rent in this 3-mile area is $776 and is projected to trend toward $1,023 over the next five years, reinforcing sustained pricing power for well-managed assets while keeping rent-to-income near manageable levels for many renters.
Amenity access is mixed: parks and cafes rank competitive to strong locally (both within the top tier of the 63-neighborhood metro, and high nationally for parks and cafes), while daily-needs retail such as groceries and pharmacies is thinner immediately nearby. This pattern supports value-oriented positioning and suggests residents may travel a bit farther for essentials.
Built in 1996, the asset is slightly newer than the neighborhood’s average vintage, offering relative competitiveness versus older stock. Investors should still plan for targeted system updates and common-area refreshes to support retention and capture incremental rent growth.
Safety indicators are mixed relative to peers. The neighborhood’s overall crime rank sits in the lower half of the 63 Laredo neighborhoods and around the 40th national percentile, indicating a profile that is not among the metro’s safest areas but within a common range for inner-suburban locations. Importantly, violent offense rates show a meaningful year-over-year improvement, placed in the upper tier nationally for positive trend momentum, which can support long-run neighborhood stability if sustained.
Proximity to regional employers supports workforce housing demand and commute convenience, with access to manufacturing-related employment.
- BorgWarner — automotive components (6.2 miles)
This 60-unit, 1996-vintage property aligns with stable neighborhood fundamentals: occupancy at the neighborhood level is near the metro median, renter concentration is solid within a 3-mile radius, and households are increasing even as average household size trends lower. These dynamics point to a broader tenant base and support for steady leasing performance, according to CRE market data from WDSuite.
Rent levels in the surrounding 3-mile area have risen and are projected to continue advancing, while the neighborhood’s rent-to-income positioning suggests room for disciplined revenue management. As a slightly newer-than-average asset for the area, the property can compete effectively with selective capital improvements to common areas and building systems. Key watch items include modest safety positioning versus metro peers and limited immediate access to daily-needs retail, which can be addressed through targeted resident services and value-focused amenities.
- Neighborhood occupancy near metro median supports stable leasing
- Renter-occupied share within 3 miles provides depth of tenant demand
- 1996 construction offers competitive positioning with targeted upgrades
- Surrounding-area rents trending upward, supporting disciplined revenue management
- Risks: safety sits below top metro tier and daily-needs retail is thinner nearby