| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Fair |
| Demographics | 20th | Fair |
| Amenities | 37th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5908 San Bernardo Ave, Laredo, TX, 78041, US |
| Region / Metro | Laredo |
| Year of Construction | 1972 |
| Units | 51 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5908 San Bernardo Ave, Laredo TX Multifamily Investment
Neighborhood occupancy remains steady and renter demand is durable, according to WDSuite’s CRE market data, supporting income stability for well-managed assets in this inner-suburban corridor.
The property sits in an Inner Suburb of Laredo with a C+ neighborhood rating, where grocery and pharmacy access is relatively convenient compared with the metro (grocery density ranks 31 of 63 neighborhoods and pharmacies 14 of 63), while parks, cafes, and childcare options are thinner. For investors, this mix supports everyday livability and workforce housing appeal, even if lifestyle amenities are limited.
Neighborhood-level occupancy is 92.6% (ranked 27 of 63), placing it above the metro median and near the middle of U.S. neighborhoods by percentile. Renter-occupied housing accounts for a sizable share of units in the neighborhood (56.6%; rank 8 of 63 and high nationally), indicating a deep tenant base that can support leasing velocity and retention for multifamily assets. Median contract rents in the neighborhood sit below many national peers, helping preserve pricing power without overextending affordability.
Within a 3-mile radius, households have increased even as population edged down, and average household size is declining. This shift points to more, smaller households entering the market and can broaden the renter pool, a constructive signal for occupancy stability. Median household incomes have improved meaningfully over the past five years in the 3-mile area, supporting rent collections and measured rent growth management.
The asset’s 1972 vintage is newer than the neighborhood’s average construction year (1966). That relative youth can enhance competitiveness versus older stock, though investors should still plan for targeted system updates and common-area refreshes typical for properties of this era. In a high-renter, steady-occupancy area, selective value-add can translate into improved tenant retention and steady cash flow under disciplined execution grounded in commercial real estate analysis from WDSuite.
Safety indicators are mixed relative to the metro and nation. The neighborhood’s crime rank is 41 out of 63 Laredo neighborhoods, which is below the metro median for safety and weaker than many U.S. neighborhoods by national percentile. However, year-over-year trends show improvement, with both violent and property offenses declining, suggesting conditions have been moving in a constructive direction.
For underwriting, this translates to a risk that warrants monitoring rather than a disqualifier: current safety levels trail stronger submarkets, but recent downward movement in offenses can support leasing stability if reinforced by on-site management practices and standard security measures.
Nearby employment includes manufacturing and auto supply operations that draw a regional workforce and help support renter demand through commute convenience, specifically BorgWarner noted below.
- BorgWarner — auto components manufacturing (4.1 miles)
5908 San Bernardo Ave offers exposure to a renter-heavy Inner Suburb where neighborhood occupancy is above the metro median and rents remain relatively accessible versus incomes, supporting retention. Based on CRE market data from WDSuite, the area’s renter concentration and steady occupancy underpin a pragmatic thesis focused on stable cash flow and measured rent growth rather than outsized volatility.
Built in 1972, the asset is newer than the neighborhood average, providing a competitive edge versus older stock while leaving room for targeted capital improvements to modernize systems and common areas. Within a 3-mile radius, household counts are rising even as population trends soften and average household size declines—conditions that can expand the renter pool and support occupancy management, provided leasing focuses on value, convenience, and quality-of-life upgrades.
- Steady neighborhood occupancy above the metro median supports income stability.
- High renter concentration indicates a deep tenant base for leasing and renewals.
- 1972 vintage is newer than local average, with value-add potential through focused upgrades.
- Household growth within 3 miles and smaller household sizes can expand the renter pool.
- Risks: amenity gaps (parks/cafes) and safety metrics below national averages require active management and prudent underwriting.