| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 66th | Best |
| Amenities | 66th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2321 E Common St, New Braunfels, TX, 78130, US |
| Region / Metro | New Braunfels |
| Year of Construction | 2000 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2321 E Common St New Braunfels Multifamily Value-Add
Household and population growth within a 3-mile radius point to a deeper tenant base, while a high-cost ownership context supports renter reliance, according to WDSuite’s CRE market data.
Located in an inner-suburb pocket of New Braunfels, the neighborhood ranks 19 out of 595 across the San Antonio–New Braunfels metro, signaling competitive positioning among metro neighborhoods. Daily needs are well covered: restaurant access is top quartile nationally, pharmacy density is also top quartile, and grocery options score above national averages, though cafe density is limited. These fundamentals support leasing convenience and day-to-day livability for residents.
Within a 3-mile radius, both population and household counts expanded meaningfully over the last five years, with additional gains projected by 2028. A decline in average household size accompanies that growth, indicating more households and a larger tenant base for multifamily properties rather than a reliance on larger units. This dynamic typically supports occupancy stability and leasing velocity as more renters enter the market.
Tenure patterns indicate roughly half of housing units are renter-occupied at the neighborhood level, suggesting a sizable renter pool and depth of demand for multifamily. Home values sit above national norms and the local value-to-income relationship is elevated, which tends to reinforce rental demand; at the same time, rent-to-income ratios benchmark below national levels, a combination that can aid retention and limit turnover risk for well-managed assets.
The property’s 2000 vintage is older than the neighborhood’s newer housing stock (average construction year skews later), which points to potential value-add opportunity through targeted renovations and system updates to stay competitive against 2000s and post-2008 deliveries. Based on commercial real estate analysis from WDSuite, amenity access and demographic tailwinds remain the primary drivers of renter demand in this submarket.
Relative to 595 metro neighborhoods, this area ranks among the top performers for safety, translating to top quartile conditions nationally. Recent trend data also shows notable year-over-year declines in both violent and property offenses, indicating improving conditions rather than deterioration.
For investors, this comparative position supports resident retention and leasing momentum, while still warranting routine monitoring of local trends across the broader San Antonio–New Braunfels region.
Proximity to major corporate employers across energy, media, and financial services underpins commuter demand and helps support leasing stability. The list below highlights nearby headquarters and operations that align with the area’s renter base.
- Cst Brands — corporate offices (20.8 miles) — HQ
- Andeavor — corporate offices (23.2 miles) — HQ
- Iheartmedia — corporate offices (28.3 miles) — HQ
- Usaa Ops Building — corporate offices (31.6 miles)
- Usaa — corporate offices (31.7 miles) — HQ
2321 E Common St benefits from strong neighborhood positioning within the San Antonio–New Braunfels metro and from livability drivers that matter to renters: access to daily amenities, a growing 3-mile household base, and ownership costs that skew higher relative to incomes. Together, these factors support demand depth and pricing power for well-maintained assets. Built in 2000, the property is slightly older than the neighborhood’s average vintage, which can create a clear value-add path through targeted interior and systems upgrades to compete with newer supply.
According to CRE market data from WDSuite, rent levels benchmark as more manageable relative to incomes than in many areas nationally, aiding retention, while elevated home values help sustain renter reliance on multifamily housing. Forward projections for population and households within 3 miles indicate continued renter pool expansion, which, paired with the submarket’s amenity profile, supports a constructive long-term outlook. Investors should still account for capex timing and any local supply additions when underwriting occupancy and lease-up assumptions.
- Competitive neighborhood positioning within the metro supports leasing fundamentals.
- Growing 3-mile population and households expand the tenant base and support occupancy.
- Elevated ownership costs with relatively manageable rent-to-income aid retention and pricing power.
- 2000 vintage offers value-add potential through targeted renovations and modernization.
- Risk: monitor neighborhood occupancy variability and potential new supply when underwriting.