| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 70th | Best |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7605 Green Meadow Dr, Laredo, TX, 78041, US |
| Region / Metro | Laredo |
| Year of Construction | 2013 |
| Units | 60 |
| Transaction Date | 2020-09-30 |
| Transaction Price | $6,075,000 |
| Buyer | LA ENCANTADA PROPERTIES II LLC |
| Seller | LA ENCANTADA PROPERTIES LLC |
7605 Green Meadow Dr Laredo Multifamily Investment
Neighborhood occupancy is strong and stable, according to WDSuite’s CRE market data, supporting consistent renter demand for well-located, mid-size assets in Laredo’s inner suburbs.
This inner-suburb location combines day-to-day convenience with investment fundamentals that favor leasing stability. Amenity access ranks competitive among Laredo’s 63 neighborhoods, with groceries, restaurants, parks, and pharmacies placing in higher national percentiles, and schools averaging around 4 out of 5—helpful for retention among family renters.
Occupancy in the neighborhood is elevated versus many peers (top quartile nationally and above the metro median among 63 neighborhoods), indicating limited downtime between turns. Median contract rents in the neighborhood sit near the national middle, and the rent-to-income profile trends favorable, which can reduce affordability pressure and support steady renewals.
Construction trends skew relatively new locally; with a 2013 vintage, the property is newer than the area average (2009), signaling competitive positioning against older stock and potentially lighter near-term capital needs beyond typical systems maintenance and periodic upgrades.
Within a 3-mile radius, demographics show population and household growth over the last five years, with forecasts pointing to more households and smaller average household sizes—expanding the renter pool and supporting occupancy stability. Elevated home values in the neighborhood context reinforce reliance on multifamily housing, a point underscored by WDSuite’s commercial real estate analysis indicating strong renter depth and a near-even renter concentration locally.
Safety indicators for the neighborhood are mixed: relative to U.S. neighborhoods overall, crime sits below national safety percentiles, while within the Laredo metro it tracks closer to the midrange among 63 neighborhoods. Recent year-over-year declines in both property and violent incident estimates suggest improving momentum, but investors should underwrite with conservative assumptions and rely on current, property-level diligence.
Nearby employers help anchor renter demand through commute convenience, with corporate presence in automotive components supporting a steady professional and technical workforce.
- BorgWarner — automotive components (3.2 miles)
The 60-unit, 2013-vintage asset benefits from a high-performing neighborhood where occupancy is in the top quartile nationally and above the metro median, supporting durable leasing and limited downtime. Newer construction versus the local average enhances competitiveness against older product while allowing capital plans to focus on targeted upgrades and amenity refreshes rather than heavy systems overhauls.
Within a 3-mile radius, population and household growth—along with projections for additional households and smaller sizes—point to a larger tenant base and ongoing renter demand. Elevated ownership costs in the neighborhood context and a favorable rent-to-income profile support retention and pricing discipline; according to CRE market data from WDSuite, local amenities and school quality further reinforce leasing fundamentals.
- Occupancy strength in the neighborhood supports consistent cash flow and quicker lease-ups
- 2013 vintage offers competitive positioning and manageable near-term capex
- Expanding 3-mile household base and smaller household sizes enlarge the renter pool
- Amenity access and school quality bolster retention and renewal prospects
- Risk: Crime trends are improving but sit below national safety percentiles; underwrite conservatively and confirm with current data