| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 88th | Best |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1702 Wald Rd, New Braunfels, TX, 78132, US |
| Region / Metro | New Braunfels |
| Year of Construction | 1980 |
| Units | 23 |
| Transaction Date | 2015-11-23 |
| Transaction Price | $857,054 |
| Buyer | --- |
| Seller | --- |
1702 Wald Rd, New Braunfels — Stable Suburban Rental Demand
Located in a high-performing New Braunfels suburb, the property benefits from strong neighborhood occupancy and a solid renter base, according to WDSuite’s CRE market data. This setting supports steady leasing fundamentals without relying on downtown spillover, aligning with disciplined commercial real estate analysis.
The neighborhood ranks among the stronger performers in the San Antonio–New Braunfels metro, with an A+ rating and a rank of 10 out of 595 neighborhoods—clearly above the metro median. High neighborhood occupancy at 98.3% (measured for the neighborhood, not the property) points to consistent demand and supports income stability for well-managed assets.
Renter-occupied housing accounts for an estimated 53.9% of units locally, a high renter concentration relative to many suburban submarkets and in the top decile nationally. For investors, this indicates a deep tenant base and potential for resilient absorption across unit types. Median contract rents in the neighborhood track in the upper tiers nationally, while the rent-to-income ratio sits below national pressure points, suggesting room for disciplined revenue management rather than aggressive hikes.
Within a 3-mile radius, population and household counts have expanded meaningfully in recent years, with further gains projected through 2028—supporting a larger tenant base and reinforcing occupancy stability. Household incomes in the 3-mile area skew higher and are trending upward, which can bolster renewal rates and underpin Class B positioning when paired with thoughtful operations and capital planning tied to multifamily property research.
Local amenities reflect a suburban profile: restaurants are present at competitive levels versus national norms, while cafes and parks are sparser. Grocery, childcare, and pharmacy access registers near or modestly above national midpoints, aligning with day-to-day convenience rather than destination retail. Neighborhood housing stock is newer on average (2014), which can heighten competitive standards for finishes and amenities among renters.
Safety indicators compare favorably to national benchmarks. Overall crime sits around the 63rd percentile nationwide, and property offense is stronger at roughly the 80th percentile, indicating comparatively safer conditions versus many U.S. neighborhoods. Recent data also show a notable year-over-year decline in estimated property offenses, placing the area in a high percentile for improvement. Investors should note that violent offense levels benchmark near the national 63rd percentile; while comparative positioning is solid, short-term trends can fluctuate by subarea, so property-level measures and ongoing monitoring remain prudent.
Proximity to major employers supports a diversified renter pool and commute convenience, with energy, media, and financial services anchors within a 30-mile band that can aid leasing stability and renewal potential.
- Cst Brands — retail & fuel (16.1 miles) — HQ
- Andeavor — energy (18.4 miles) — HQ
- Iheartmedia — media (23.1 miles) — HQ
- Usaa — insurance & financial services (26.7 miles) — HQ
- Usaa Ops Building — corporate operations (26.7 miles)
1702 Wald Rd is a 23-unit asset built in 1980, positioned in a top-ranked suburban neighborhood where occupancy is high and renter concentration is deep at the neighborhood level. The vintage suggests potential value-add through selective renovations and systems upgrades to compete with the area’s newer housing stock, while the surrounding 3-mile demographics point to ongoing renter pool expansion and rising incomes that can support retention and measured rent growth. According to CRE market data from WDSuite, neighborhood occupancy remains elevated versus many U.S. areas, reinforcing the case for stable operations under hands-on management.
The ownership landscape features elevated home values relative to national norms, which can sustain reliance on rental options and support lease-up and renewal dynamics for well-positioned units. While the amenity mix is more functional than destination-driven and safety metrics should be monitored like any suburban submarket, the combination of strong neighborhood standing, demand depth, and value-add potential frames a durable, fundamentals-first thesis.
- High neighborhood occupancy and strong renter concentration support income stability
- 1980 vintage offers value-add and CapEx-driven competitiveness versus newer stock
- 3-mile population and household growth expand the tenant base and support renewals
- Risks: suburban amenity gaps and mixed safety signals warrant ongoing monitoring and property-level controls