| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 70th | Best |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7606 Rocio Dr, Laredo, TX, 78041, US |
| Region / Metro | Laredo |
| Year of Construction | 2013 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7606 Rocio Dr Laredo 24-Unit Investment Opportunity
Neighborhood occupancy is high and has trended upward, supporting stable renter demand at the submarket level, according to WDSuite’s CRE market data.
Positioned in Laredo’s Inner Suburb, the property sits within an A+ rated neighborhood that ranks 1st among 63 metro neighborhoods, indicating strong overall fundamentals. Neighborhood occupancy is elevated and in the top quartile nationally, a positive backdrop for lease-up and retention relative to broader U.S. conditions.
Day-to-day livability is supported by a dense mix of groceries, pharmacies, restaurants, parks, cafes, and childcare options, with several amenities performing above metro medians and competitive nationally. Public school quality averages 4.0 out of 5 at the neighborhood level, which can enhance family-oriented renter stickiness compared with many inner-suburban peers.
The 2013 construction vintage is newer than the neighborhood’s average year built (2009), signaling relative competitiveness versus older stock and potentially lower near-term capital needs; investors should still plan for routine systems maintenance over the hold period. Nearly half of neighborhood housing units are renter-occupied, indicating a meaningful tenant base. Elevated home values in the area reinforce reliance on rental housing, while a favorable rent-to-income profile at the neighborhood level supports lease retention and measured pricing power.
Within a 3-mile radius, population and household counts have increased over the past five years and are projected to continue growing, while average household size trends modestly smaller. These dynamics point to a larger renter pool and sustained demand for multifamily units, aiding occupancy stability through the cycle.
Safety indicators at the neighborhood level are mixed: conditions track around the metro median among 63 Laredo neighborhoods and below the national median. Recent data show year-over-year declines in both violent and property offense rates, indicating improvement momentum even as overall safety remains less favorable than higher-percentile U.S. neighborhoods, based on CRE market data from WDSuite.
Proximity to nearby employers supports workforce housing dynamics and commute convenience for residents, with access anchored by BorgWarner in the surrounding area.
- BorgWarner — automotive components (3.2 miles)
This 24-unit, 2013-vintage asset benefits from a top-ranked Inner Suburb location where neighborhood occupancy sits in the upper tier nationally and renter concentration is substantial, supporting depth of demand. Relative to older competitive stock, the vintage positions the property well from a maintenance and leasing standpoint, while elevated ownership costs locally help sustain reliance on rentals. According to WDSuite’s multifamily property research, the surrounding neighborhood’s amenity set and school quality further support family retention and day-to-day convenience.
Demographic trends within a 3-mile radius show recent population and household growth with smaller household sizes, pointing to ongoing renter pool expansion and support for occupancy stability. Key watchpoints include safety levels that trail national medians and the need to manage leasing strategy prudently as rents evolve across the Laredo metro.
- A+ neighborhood, top-ranked among 63 Laredo neighborhoods with strong occupancy tailwinds
- 2013 vintage offers relative competitiveness versus older stock with manageable near-term capex
- Elevated ownership costs and meaningful renter-occupied share support rental demand and retention
- 3-mile radius shows population and household growth, expanding the tenant base
- Risk: safety metrics sit below national norms; continued monitoring and tenant engagement are prudent