22-Unit New Construction Apartment
For Sale
$3,300,000
3502 S Urbahn Ave, Laredo, TX 78046
New construction community offering two-bedroom, two-bath apartment layouts.
Property Size19,826 SF
Price / SF$166.45
Days on Market205
Property Features for 3502 S Urbahn Ave
General Information
Standard status
Active
Size
19,826 SF
Property subtype
Residential Income
Additional Details
Asking Price
$3,300,000
Multifamily Units
22
Taxes and HOA fees
Annual Taxes
$14,421
Listing Agency:
WINNERS CIRCLE
(956) 250-7453
Listed By:
Avinaash Nash Buxani · License #TREC#0712106
(956) 949-9337
Source:
Exprealty
Added: Mar 26
Changed: Oct 1
Last Checked: Oct 15 at 4:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WINNERS CIRCLE
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Investment Insights
Based on property information with market context.
This 22-unit apartment building is a new construction multifamily asset totaling 19,826 square feet. The community is planned with two-bedroom, two-bath residences, with layouts designed around durability and lower-maintenance operation. May 2026 delivery is identified for the property, which is currently approximately two months from completion.
Located at 3502 S Urbahn Avenue in Laredo, Texas, the asset is positioned as a pre-stabilization multifamily property. The source information identifies the community as a contemporary apartment development intended for lease-up following completion.
Located at 3502 S Urbahn Avenue in Laredo, Texas, the asset is positioned as a pre-stabilization multifamily property. The source information identifies the community as a contemporary apartment development intended for lease-up following completion.
Key Highlights
- 22‑unit new construction apartment community
- 19,826 SF multifamily asset
- Two‑bedroom, two‑bath apartment layouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$156,101
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,122,020
$3.1M
Cap Rate 7%
$2,230,014
$2.2M
Cap Rate 9%
$1,734,456
$1.7M
Market Conditions
NOI Build-Up for 19,826 SF
Gross rent
$304.5K $15.36/SF
− Vacancy
−$20.7K −$1.04/SF
EGI
$283.8K $14.32/SF
− OpEx
−$127.7K −$6.44/SF
NOI
$156.1K $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%
$3,122,020
Cap Rate 7%
$2,230,014
Cap Rate 9%
$1,734,456
Alternative Uses
Best Use
Apartment 5plus
$2.23M
$1.95M – $2.60M
NOI $156,101 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.88M
$4.27M – $5.69M
NOI $341,689 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
22
Residential units
Location Intelligence
Trade Area within ½ mile
247
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 - New construction community offering two-bedroom, two-bath apartment layouts.
Where is this apartment building located?
The property is located at 3502 S Urbahn Ave Laredo, TX.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 22‑unit new construction apartment community; 19,826 SF multifamily asset; Two‑bedroom, two‑bath apartment layouts
