301 soria dr laredo tx 78046
high yielding affordable housing rental apartments
Marketing description
Investment Opportunity – 301 Soria Dr | Laredo, TX
6-Unit Multifamily | 12.53% Cap Rate | 100% Occupied
Positioned in the established Santa Rita neighborhood near the U.S.–Mexico border corridor, 301 Soria Dr presents a stabilized, high-yield multifamily investment offered at $349,990 with a strong 12.53% cap rate.
The asset consists of six total units across two buildings constructed in 2018 and 2020, totaling 2,346 rentable square feet. The unit mix includes five studio efficiency apartments and one 1-bedroom, 1-bath unit, all fully leased under annual contracts with security deposits in place. ( All Photos are recent as of 2025 prior to tenant Leasing)
Financial Performance
Gross Annual Income: $57,000
Net Operating Income: $43,845
Price Per Unit: ~$58,331
Occupancy: 100%
This property delivers immediate cash flow with minimal deferred maintenance exposure due to its newer construction profile.
Physical & Operational Advantages
Stucco exterior finish for long-term durability
Concrete covering nearly the entire lot for low landscape maintenance
Eight on-site parking spaces
Appliances included in every unit (modern electric stovetops & refrigerators)
Mix of mini-split and window A/C systems
Some units approved by City of Laredo Housing; remaining units may qualify with minor adjustments
Location & Demand Drivers
Located minutes from downtown Laredo and the international bridges, the property benefits from proximity to:
Santa Fe Park (local recreational amenity)
United ISD & Laredo ISD schools within short driving distance
Retail corridors along US-83 and nearby commercial nodes
Cross-border employment centers and logistics hubs
Laredo remains one of the busiest inland ports in the United States, with strong employment concentration in transportation, warehousing, retail trade, healthcare, and education sectors
. Within a 1-mile radius, population exceeds 31,000 residents with sustained growth trends and a young median age profile
—supporting consistent rental demand.
The renter-to-homeowner ratio and high housing occupancy levels further indicate a tenant-heavy submarket
, aligning well with small-unit multifamily assets such as this.
Investment highlights
This offering is well-suited for:
Local multifamily investors seeking double-digit cap rates & stabilized income
1031 exchange buyers
Investors targeting workforce housing demand in a growing border economy
With a favorable price per unit, newer construction, full occupancy, and a strong in-place NOI, 301 Soria Dr represents a rare combination of yield and durability in today’s market.
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