| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Fair |
| Demographics | 11th | Poor |
| Amenities | 13th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 502 Marina Ct, Laredo, TX, 78046, US |
| Region / Metro | Laredo |
| Year of Construction | 2008 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
502 Marina Ct Laredo 33-Unit Multifamily
Neighborhood occupancy trends are steady but below the metro median, while a growing 3-mile population supports renter demand, according to WDSuite’s CRE market data.
Located in suburban Laredo, the neighborhood posts a C- rating and ranks 52 out of 63 metro neighborhoods, indicating weaker local fundamentals relative to the region. Neighborhood occupancy is 86.9% (rank 45 of 63), which is below the metro median, so operators should emphasize retention and targeted leasing to maintain stability.
Livability signals are mixed. Amenity density is limited for cafes, restaurants, parks, and pharmacies, but grocery access is comparatively stronger, landing near the metro middle and in a higher national percentile for grocery availability. This dynamic can suit workforce housing where proximity to daily-needs retail matters more than lifestyle destinations.
Within a 3-mile radius, demographics show recent population growth and a larger household base, with household sizes trending slightly lower over time. These patterns point to a gradually expanding tenant pool and support for occupancy, particularly at attainable rent levels. For multifamily property research, a renter-occupied share near one-quarter of units across the 3-mile area suggests adequate depth for leasing, even as ownership remains prevalent.
Home values are lower than many national markets, which can introduce some competition with ownership options. However, rents benchmark toward the lower end of national comparisons and a modest rent-to-income ratio implies manageable affordability pressure—favorable for renewal rates but potentially limiting near-term pricing power. Based on CRE market data from WDSuite, the neighborhood’s newer housing stock versus national norms supports basic competitiveness, though amenity-light surroundings may require value-focused positioning.
Safety metrics trend mixed-to-improving. The neighborhood’s crime rank is 17 out of 63 within the Laredo metro, indicating higher crime levels relative to many local peers. Nationally, the area sits below the midpoint for safety. That said, year-over-year estimates show double-digit declines in both property and violent offenses, signaling improving conditions rather than deterioration.
For investors, the takeaway is to underwrite with appropriate security and operational measures while recognizing that the recent trajectory is favorable. Comparisons should be framed at the neighborhood level rather than the specific property.
Employment access skews regional, with manufacturing and automotive supply represented nearby; this supports workforce housing demand through commutable job nodes such as BorgWarner.
- BorgWarner — automotive components (12.4 miles)
The investment case at 502 Marina Ct centers on attainable rents, an expanding 3-mile household base, and workforce-oriented demand drivers. Neighborhood occupancy sits below the metro median, so returns will hinge on disciplined leasing, renewal management, and cost control. According to CRE market data from WDSuite, the area’s rent-to-income positioning supports retention, while limited amenity density suggests value-forward operations over lifestyle-driven premiums.
Risks include neighborhood safety levels relative to metro peers and potential competition from ownership given lower home values. Offsetting factors are population and household growth within 3 miles, ongoing declines in estimated offense rates, and daily-needs retail access that aligns with workforce renters.
- Attainable rents and manageable rent-to-income ratios support renewal stability
- Expanding 3-mile population and household counts indicate a larger tenant base over time
- Grocery access is comparatively strong despite limited lifestyle amenities, suiting workforce positioning
- Underwrite for below-metro occupancy and elevated neighborhood crime versus peers