| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 70th | Best |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7607 King Arthurs Ct, Laredo, TX, 78041, US |
| Region / Metro | Laredo |
| Year of Construction | 2012 |
| Units | 71 |
| Transaction Date | 2006-04-07 |
| Transaction Price | $651,300 |
| Buyer | THE AVALON AT DEL MAR LLC |
| Seller | JOYCE LANDS INC |
7607 King Arthurs Ct Laredo Multifamily Investment
Neighborhood occupancy is about 97%, indicating durable renter demand and stable leasing conditions, according to WDSuite’s CRE market data. This inner-suburb location offers income resilience relative to the Laredo metro with strong amenities and schools nearby.
This Inner Suburb neighborhood in Laredo ranks competitively within the metro (1 of 63) and sits in the top quartile nationally for overall amenities, including groceries, pharmacies, parks, and dining density. Average school ratings trend strong (around 4.0/5), further supporting family-oriented renter demand and longer tenancies.
Occupancy in the neighborhood is high (roughly top quartile nationally), and the share of housing units that are renter-occupied is near one-half, providing a meaningful tenant base while avoiding overconcentration. Median contract rents at the neighborhood level track close to national mid-range levels, which can aid leasing velocity and renewal capture for well-managed assets.
Within a 3-mile radius, population and household counts have grown in recent years, with households up materially and forecasts indicating continued increases alongside smaller average household sizes. For investors, that points to a larger tenant base and consistent absorption potential for professionally managed multifamily. Income growth within the radius has been healthy, reinforcing the depth of demand for quality rentals and helping support occupancy stability.
The property’s 2012 vintage is slightly newer than the neighborhood’s average construction year (2009). That positioning can enhance competitiveness versus older stock; even so, owners should plan for targeted modernization and systems updates over the next hold to sustain rent premiums and retention.
Home values in the neighborhood are elevated relative to many markets, and rent-to-income levels are relatively manageable. For multifamily owners, this combination can support retention and pricing power: ownership remains a higher-commitment alternative while renters see professionally managed units as the more accessible option, especially as incomes trend upward.
Safety indicators for the neighborhood are mixed: compared with neighborhoods nationwide, recent measures place it below the national average for safety, while within the Laredo metro its overall crime profile is near the metro median (crime rank 31 out of 63 neighborhoods). Year over year, both violent and property offense estimates have declined by double digits, signaling an improving trend rather than deterioration.
For underwriting, investors commonly balance these mixed safety readings with the area’s strong occupancy and amenity access. Practical measures such as lighting, access control, and property-level security planning can help sustain leasing performance if safety perceptions lag data improvements.
Nearby employment includes corporate offices that support commuter convenience and a steady renter pipeline, with proximity suitable for workforce housing dynamics. The employers listed below reflect the immediate area’s corporate presence.
- BorgWarner — corporate offices (3.2 miles)
This 71-unit, 2012-vintage asset is positioned in a high-occupancy Inner Suburb location with strong amenity access and solid school ratings, supporting durable leasing and renewal prospects. Population and household growth within a 3-mile radius point to a larger tenant base over the next few years, while income gains improve the ability to absorb quality rentals. According to CRE market data from WDSuite, the neighborhood’s occupancy trends are above national mid-range levels, aligning with a thesis centered on stability over the hold period.
The vintage offers a competitive edge versus older nearby stock, though investors should budget for targeted modernization and system refreshes over the hold. While safety metrics trail national benchmarks, recent declines in estimated offenses indicate improvement; active property management and security measures can mitigate leasing risk. Elevated ownership costs in the neighborhood also support sustained renter reliance on multifamily housing, aiding pricing power at moderate rent levels.
- High neighborhood occupancy and stable renter base support consistent cash flow
- 2012 vintage provides competitive positioning with manageable modernization roadmap
- 3-mile radius growth in households and incomes expands the tenant pool
- Ownership costs reinforce demand for quality rentals, aiding renewal capture
- Risk: safety metrics below national averages require proactive security and leasing management