| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 36th | Good |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 606 Gale St, Laredo, TX, 78041, US |
| Region / Metro | Laredo |
| Year of Construction | 1993 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
606 Gale St Laredo 32-Unit Multifamily Investment
Neighborhood occupancy is strong and grocery/park access is dense, pointing to stable renter demand in this inner-suburb pocket of Laredo, according to CRE market data from WDSuite.
Located in an Inner Suburb of Laredo, the neighborhood carries an A rating and ranks 7th out of 63 metro neighborhoods, placing it in the top quartile locally. Amenity access is a differentiator: grocery and park availability score near the top of the metro and test well against national benchmarks, which supports daily convenience and helps with leasing and retention.
Neighborhood occupancy is high (top quartile among 63 Laredo neighborhoods), which signals tight supply conditions that can support pricing discipline. Within a 3-mile radius, approximately half of housing units are renter-occupied, indicating a meaningful tenant base that supports absorption and renewal prospects for multifamily assets. Based on CRE market data from WDSuite, restaurant and pharmacy density also outpaces many peer areas, while cafes are limited—useful context for positioning common-area amenities or resident services.
The property was built in 1993, newer than the neighborhood’s average vintage. That generally enhances competitive positioning versus older stock, though investors should still plan for system updates and selective renovations to maintain tenant appeal and operational reliability.
Within a 3-mile radius, recent years show flat-to-slightly lower population but an increase in households, with forecasts pointing to further household growth and smaller average household sizes. That dynamic typically supports a larger renter pool and steadier occupancy for smaller-format units. Home values in this area are comparatively accessible versus many U.S. markets, which can create some competition from ownership, but the combination of strong neighborhood occupancy and everyday amenity depth tends to support sustained rental demand.
Safety indicators for the neighborhood trail national benchmarks overall, with both violent and property offense rates comparing below the national median. However, momentum has been favorable: property offenses have declined notably year over year, placing that improvement in the top quartile among 63 Laredo neighborhoods. Investors should underwrite to current conditions while recognizing the recent downward trend in property crime.
At the metro level, this subarea performs competitively on year-over-year improvement but remains below national safety percentiles at present. A practical approach is to factor in security-focused site operations and resident engagement, aligning with the broader trend improvement without assuming rapid normalization.
Nearby employment includes automotive components operations that contribute to a stable commuter base, supporting renter demand and retention for workforce-oriented units.
- BorgWarner — automotive components (4.2 miles)
606 Gale St offers a 32-unit, small-format profile in a neighborhood that ranks in the top quartile locally for overall performance and posts strong occupancy. According to CRE market data from WDSuite, the surrounding area benefits from dense grocery, park, and everyday services—factors that support leasing velocity and renewal rates. The 1993 vintage is newer than the neighborhood average, suggesting competitive positioning versus older assets, while still leaving room for targeted upgrades to drive rent premium and operational resilience.
Within a 3-mile radius, households have been increasing and are projected to continue growing as average household size trends lower—conditions that typically expand the renter pool and support occupancy stability. Ownership costs are relatively accessible in this market, which may create some competition from entry-level ownership; however, tight neighborhood occupancy and day-to-day convenience provide a favorable backdrop for sustained multifamily demand, particularly for efficient unit layouts.
- High neighborhood occupancy and strong amenity access support leasing stability.
- 1993 vintage offers competitive positioning with potential value-add through selective renovations.
- 3-mile household growth and smaller household sizes expand the renter pool and support absorption.
- Workforce employment nearby provides a practical commuter base for tenant retention.
- Risks: below-national safety percentiles and competition from entry-level ownership warrant conservative underwriting and strong site operations.