| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 36th | Good |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 508 Gale St, Laredo, TX, 78041, US |
| Region / Metro | Laredo |
| Year of Construction | 1989 |
| Units | 96 |
| Transaction Date | 2025-05-05 |
| Transaction Price | $4,522,000 |
| Buyer | LAREDO MIDTOWN APARTMENTS LLC |
| Seller | HILLSTAR LTD |
508 Gale St, Laredo TX Multifamily Investment
Neighborhood occupancy is strong and daily-needs access is extensive, supporting renter retention according to WDSuite’s CRE market data. Focused lease management and value-add planning can position this 96-unit asset to compete effectively within its submarket.
The property sits in an Inner Suburb area of Laredo that ranks in the top quartile among 63 metro neighborhoods (A-rated), signaling durable location fundamentals for multifamily investors. Neighborhood occupancy is high and above many peers (measured for the neighborhood, not the property), which tends to support income stability and lower downtime between turns.
Daily-needs access is a clear strength: grocery and pharmacy density ranks near the top of the metro and tests well against national peers, while parks access is also strong. Restaurant options are competitive for the metro, though café density is limited — a minor lifestyle trade-off to weigh against the convenience of essentials close by.
Within a 3-mile radius, household counts have been rising even as average household size trends lower, expanding the local renter pool and supporting occupancy stability. Median rents relative to incomes sit near the national midpoint, suggesting manageable affordability pressure that can aid renewal rates; this framing reflects neighborhood conditions, not specific units at the property. In a market with relatively accessible ownership costs, pricing strategy should consider potential competition from for-sale options while emphasizing convenience and lease flexibility.
The average neighborhood construction year skews mid-1980s. With a 1989 vintage, this property is somewhat newer than nearby stock, which can help competitive positioning versus older assets, while still leaving room for targeted system updates or common-area refreshes. These dynamics, paired with strong local amenities, underpin a balanced commercial real estate analysis for longer-hold multifamily investors.
Safety indicators are mixed relative to peers. The neighborhood’s overall crime standing is below the metro median (ranked against 63 Laredo neighborhoods), and national comparisons place it below average. That said, recent data shows property offenses trending downward over the past year at a pace that outperforms many peers, which is a constructive signal to monitor.
Violent offense metrics, measured at the neighborhood level, remain weaker than national medians and ticked higher year over year. Investors should underwrite with prudent security and lighting plans and evaluate management practices that can reinforce on-site controls, while recognizing the improving trend in property-related incidents.
Proximity to established employers supports workforce housing demand and commuter convenience. Notably, the area includes automotive components manufacturing operations within a short drive, which can aid retention for tenants seeking predictable commutes.
- BorgWarner — automotive components (4.2 miles)
508 Gale St offers scale at 96 units with neighborhood fundamentals that favor stable operations. According to CRE market data from WDSuite, the surrounding neighborhood posts high occupancy and strong access to daily needs, both of which support retention and limit downtime between turns. Within a 3-mile radius, households have increased while average household size has edged lower, pointing to a broader tenant base over time even as population growth is modest — supportive for lease-up and renewals.
Built in 1989, the property is somewhat newer than the area’s mid-1980s average, providing relative competitiveness versus older stock while still warranting targeted capital planning for aging systems and common areas. Affordability appears manageable at the neighborhood level, though more accessible ownership costs in Laredo suggest thoughtful rent positioning and amenity upgrades to preserve pricing power. Safety indicators are mixed: improving property offense trends are constructive, but investors should budget for practical on-site measures and management oversight.
- High neighborhood occupancy and strong daily-needs access support income stability
- 96 units provide operational scale for professional management and leasing
- 1989 vintage is slightly newer than nearby stock, with value-add potential via targeted upgrades
- Growing household counts within 3 miles broaden the renter pool and support renewals
- Risks: below-average safety metrics and competition from ownership options call for prudent underwriting and asset-specific improvements