| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Good |
| Demographics | 45th | Good |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5118 Gallagher Ave, Laredo, TX, 78041, US |
| Region / Metro | Laredo |
| Year of Construction | 2002 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5118 Gallagher Ave Laredo Multifamily Investment Opportunity
Neighborhood occupancy remains solid with a high renter concentration, supporting stable demand for a 56-unit asset, according to WDSuite’s CRE market data. Positioned in an inner suburb with diverse amenities, the property’s 2002 vintage offers competitive standing versus older local stock.
This inner-suburb location ranks 5th of 63 Laredo neighborhoods (A-rated), placing it in the top quartile locally for overall neighborhood performance based on CRE market data from WDSuite. Neighborhood occupancy is strong relative to national benchmarks, and local renter demand is reinforced by a high share of renter-occupied housing units at the neighborhood level. Within a 3-mile radius, households have increased while average household size has declined, indicating a larger addressable tenant base even amid modest population contraction — a setup that supports occupancy stability for multifamily.
Amenities are a clear strength. The neighborhood scores high for dining density (restaurants rank 1st of 63) and access to childcare (1st of 63), with parks also competitive (6th of 63). Cafes and groceries are above the metro median, while pharmacy access is comparatively limited. The average school rating around 3.0/5 sits slightly above national mid-range, which can aid leasing for residents prioritizing schooling. These amenity and service patterns support daily-living convenience and can help with retention.
Rents in the neighborhood benchmark below national levels, and the rent-to-income ratio skews moderate, indicating manageable affordability pressures that can aid lease management and reduce turnover risk. At the same time, median home values are lower than national norms, which can introduce some competition from ownership options; operators should calibrate pricing and renewal strategies accordingly to preserve occupancy and steady cash flow.
The property’s 2002 construction year is newer than the neighborhood’s average vintage (early 1980s), implying a relative competitive edge versus older stock. Investors should still plan for selective modernization as systems age to maintain positioning and support rent growth without overextending affordability.
Safety metrics point to mixed but improving conditions. The neighborhood’s crime rank sits below the metro median (36th of 63), indicating higher crime relative to many Laredo neighborhoods. Nationally, safety percentiles are lower, particularly for property offenses; however, recent trends show year-over-year declines in both violent and property offense estimates. For investors, this suggests a need for prudent operational measures — such as lighting, access controls, and community engagement — while acknowledging directional improvement.
Nearby corporate presence provides additional employment diversity that can support renter demand and retention; in this area, automotive components and related corporate offices are notable.
- BorgWarner — automotive components corporate offices (4.9 miles)
5118 Gallagher Ave benefits from a top-quartile neighborhood ranking within the Laredo metro and a renter-heavy housing base that supports steady leasing. Amenity access is strong for restaurants, childcare, and parks, adding livability advantages. Rents benchmark below national levels and the rent-to-income ratio is moderate, enabling pragmatic pricing and renewal strategies to sustain occupancy. According to CRE market data from WDSuite, neighborhood occupancy is elevated versus national norms, and the property’s 2002 vintage is newer than the local average, providing a competitive foothold versus older stock with targeted value-add potential through modernization.
Forward-looking demand is underpinned by 3-mile household growth and smaller household sizes, which expand the tenant base even as population trends are flat to slightly negative. Key considerations include calibrating rent growth where homeownership remains relatively accessible and maintaining enhanced property operations given local safety differentials.
- Top-quartile neighborhood rank (5 of 63) with strong occupancy backdrop
- 2002 vintage — competitive versus older area stock with selective modernization upside
- Renter-occupied housing concentration supports demand depth and lease stability
- Amenities (restaurants, childcare, parks) enhance livability and retention
- Risks: ownership competition from lower home values and the need for strong safety-focused operations