Eight-Unit Apartment
For Sale
$350,000
319 Hidalgo St, Laredo, TX 78043
MULTI-FAMILY, Laredo, TX
Property Size3,864 SF
Lot Size0.28 Acres
Price / SF$90.58
Days on Market11
Property Features for 319 Hidalgo St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
01 Western Division - S o
Bedrooms
5
Bathrooms
34
Full bathrooms
34
Rooms
Bathroom 25, Bathroom 18, Bathroom 33, Bathroom 14, Bathroom 26, Bathroom 13, Bathroom 6, Bathroom 1, Bathroom 7, Bathroom 11, Bedroom 3, Bathroom 32, Bathroom 22, Bathroom 4, Bathroom 29, Bathroom 2, Bathroom 17, Bedroom 1, Bathroom 9, Bathroom 27, Bathroom 23, Bathroom 20, Bathroom 12, Bathroom 34, Bathroom 15, Bathroom 8, Bathroom 28, Bathroom 30, Bathroom 10, Bathroom 24, Bedroom 5, Bathroom 21, Bathroom 31, Bathroom 19, Bedroom 4, Bathroom 3, Bathroom 5, Bathroom 16, Bedroom 2
Parking features
On Street
Fencing
Fenced
Subdivision
Western Division
Elementary school district
Laredo
Middle school district
Laredo
High school district
Laredo
Standard status
Active
Size
3,864 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Description
LOT 10 BLK 92 WD
Legal Description
LOT 10 BLK 92 WD
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Flooring type
Vinyl, Concrete
Building materials
Block, Stucco
Roof type
Composition
Listing Agency:
AXEN Realty
(281) 595-9500
Listed By:
Elizabeth Villarreal · License #604644
(956) 645-8567
Added: Sep 4
Changed: Sep 12
Last Checked: Sep 14 at 2:06AM
MLS# 20264236
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.
Investment Insights
Based on property information with market context.
This 8-unit multifamily property at 315 and 319 Hidalgo St. in Laredo includes 3,864 square feet on 0.2834 acres across two lots. The unit mix consists of three studios and five one-bedroom apartments, with all units reported as tenant occupied. Construction features block and stucco materials, while interior finishes include vinyl and concrete flooring.
The property has central electric heating and central air conditioning, public water service, a composition roof, fencing, and on-street parking. Its location in Laredo’s 78043 ZIP code places the two-address property within Webb County. The recorded zoning designation is 01 Western Division - S o.
The property has central electric heating and central air conditioning, public water service, a composition roof, fencing, and on-street parking. Its location in Laredo’s 78043 ZIP code places the two-address property within Webb County. The recorded zoning designation is 01 Western Division - S o.
Key Highlights
- 8‑unit multifamily property with 3,864 square feet
- 3 studios and 5 one‑bedroom apartments
- 100% tenant occupied
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,423
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$608,460
$608.5K
Cap Rate 7%
$434,614
$434.6K
Cap Rate 9%
$338,033
$338.0K
Market Conditions
NOI Build-Up for 3,864 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$59.4K $15.36/SF
− Vacancy
−$4.0K −$1.04/SF
EGI
$55.3K $14.32/SF
− OpEx
−$24.9K −$6.44/SF
NOI
$30.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$608,460
Cap Rate 7%
$434,614
Cap Rate 9%
$338,033
Alternative Uses
Best Use
Apartment 5plus
$434.6K
$380.3K – $507.1K
NOI $30,423 @ 7.0% cap · market cap 8.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$951.3K
$832.4K – $1.11M
NOI $66,594 @ 7.0% cap · market cap 19.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,547
Businesses Nearby
Explore this area
Business Placement
Demographics for 78043, TX
43,473
Population
14,263
Households
3
Avg Household Size
30
Median Age
13%
College-Educated
65%
High-School Grad
177.1 sq mi
ZIP Area
245
Density / Sq Mi
$54,280
Median Household Income
$27,651
Median Earnings
$954
Median Rent
$151,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Tenant-occupied multifamily property with a mix of studio and one-bedroom units across two lots.
Where is this apartment building located?
The property is located at 319 Hidalgo St Laredo, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 8‑unit multifamily property with 3,864 square feet; 3 studios and 5 one‑bedroom apartments; 100% tenant occupied
