Six-Unit Apartment
For Sale
$349,000
301 Soria Dr, Laredo, TX 78046
MULTI-FAMILY, laredo, TX
Property Size2,346 SF
Lot Size0.19 Acres
Price / SF$148.76
Days on Market128
Property Features for 301 Soria Dr
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
10 S. of Lomas Del Sur/So
Bedrooms
1
Bathrooms
51
Full bathrooms
26
Half bathrooms
25
Rooms
Bathroom 32, Bathroom 51, Bathroom 20, Bathroom 45, Bathroom 41, Bathroom 4, Bathroom 27, Bathroom 40, Bedroom 1, Bathroom 34, Bathroom 29, Bathroom 25, Bathroom 19, Bathroom 9, Bathroom 10, Bathroom 26, Bathroom 15, Bathroom 1, Bathroom 17, Bathroom 24, Bathroom 44, Bathroom 49, Bathroom 6, Bathroom 5, Bathroom 48, Bathroom 42, Bathroom 47, Bathroom 33, Bathroom 28, Bathroom 37, Bathroom 18, Bathroom 12, Bathroom 43, Bathroom 23, Bathroom 7, Bathroom 13, Bathroom 35, Bathroom 2, Bathroom 38, Bathroom 36, Bathroom 46, Bathroom 30, Bathroom 21, Bathroom 16, Bathroom 3, Bathroom 14, Bathroom 11, Bathroom 39, Bathroom 8, Bathroom 50, Bathroom 31, Bathroom 22
Parking features
Assigned
Fencing
Partial
Subdivision
Santa Rita
Elementary school district
Laredo
Middle school district
Laredo
High school district
Laredo
Standard status
Active
Size
2,346 SF
Lot size
0.19 Acres
Additional Details
Tenant in Place
Yes
Utilities
Cooling system
Window Unit(s), Wall Unit(s)
Water source
Public
Building Details
Flooring type
Tile
Building materials
Stucco
Roof type
Composition
Buildings
2
Listing Agency:
AXEN Realty
(281) 595-9500
Listed By:
Rolando Garcia
(956) 635-8195
Added: Jun 24
Changed: Oct 23
Last Checked: Oct 29 at 6:06AM
MLS# 20262959
Copyright © 2026 Laredo Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This multifamily property contains six units arranged across two buildings totaling 2,346 rentable square feet. The buildings were constructed in 2018 and 2020, with a mix of five studio efficiency apartments and one one-bedroom, one-bath residence. Units include appliances, tile flooring, window or wall-mounted cooling, and assigned parking. The property also features stucco construction, composition roofing, partial fencing, and public water service.
Located in Laredo, Texas, the property is positioned on a 0.1908-acre parcel. All six units are leased under annual contracts, with security deposits in place. The offering reflects a reported 12.53% cap rate, and the units are Section 8 qualified.
Located in Laredo, Texas, the property is positioned on a 0.1908-acre parcel. All six units are leased under annual contracts, with security deposits in place. The offering reflects a reported 12.53% cap rate, and the units are Section 8 qualified.
Key Highlights
- Six units across two buildings totaling 2,346 rentable square feet
- Five studio efficiency units plus one 1‑bedroom, 1‑bath unit
- Buildings constructed in 2018 and 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,471
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,420
$369.4K
Cap Rate 7%
$263,871
$263.9K
Cap Rate 9%
$205,233
$205.2K
Market Conditions
NOI Build-Up for 2,346 SF
Gross rent
$36.0K $15.36/SF
− Vacancy
−$2.5K −$1.04/SF
EGI
$33.6K $14.32/SF
− OpEx
−$15.1K −$6.44/SF
NOI
$18.5K $7.87/SF
Area
Laredo, TX
Vacancy
6.80%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,420
Cap Rate 7%
$263,871
Cap Rate 9%
$205,233
Alternative Uses
Best Use
Apartment 5plus
$263.9K
$230.9K – $307.9K
NOI $18,471 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$577.6K
$505.4K – $673.9K
NOI $40,432 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
Explore this area
Business Placement
Demographics for 78046, TX
71,956
Population
19,601
Households
3.7
Avg Household Size
27
Median Age
13%
College-Educated
64%
High-School Grad
183.3 sq mi
ZIP Area
393
Density / Sq Mi
$53,601
Median Household Income
$28,062
Median Earnings
$1,038
Median Rent
$142,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased apartments with annual contracts, appliance packages, and assigned parking on a 0.1908-acre site.
Where is this apartment building located?
The property is located at 301 Soria Dr Laredo, TX.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Six units across two buildings totaling 2,346 rentable square feet; Five studio efficiency units plus one 1‑bedroom, 1‑bath unit; Buildings constructed in 2018 and 2020
