| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Good |
| Demographics | 59th | Good |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 241 Seville Dr, New Braunfels, TX, 78130, US |
| Region / Metro | New Braunfels |
| Year of Construction | 1973 |
| Units | 100 |
| Transaction Date | 2016-07-27 |
| Transaction Price | $6,750,000 |
| Buyer | ACA River Park LLC |
| Seller | SCA River Park LP |
241 Seville Dr New Braunfels Multifamily Investment
Neighborhood data points to steady renter demand and mid-range occupancy, according to WDSuite’s CRE market data, with a renter-occupied share that supports a consistent tenant base at the submarket level. Figures referenced are for the surrounding neighborhood, not the property.
Rated A and ranked within the top quartile among 595 San Antonio–New Braunfels metro neighborhoods, this Inner Suburb location pairs everyday convenience with growing household counts. Restaurant and café density track above national norms (national percentiles in the 80s), while grocery and pharmacy access are also competitive, supporting daily-needs livability for residents.
Neighborhood occupancy trends sit around the national mid-range with modest softening over the past five years, while asking rents benchmark above many U.S. neighborhoods. The local renter-occupied share of housing units is in the upper tiers for the metro, signaling a meaningful tenant pool and supporting leasing stability for multifamily assets. Rent-to-income measures indicate comparatively lower affordability pressure than many peer areas, a potential positive for retention and lease management.
Within a 3-mile radius, demographic data from WDSuite show multi-year population growth alongside faster household growth and smaller average household sizes. This combination typically expands the renter pool and supports occupancy durability, particularly for well-managed assets that align unit mixes and amenities with workforce and move-up renters.
The average construction year in the neighborhood skews newer (2010s), while the subject property s 1973 vintage indicates potential value-add and capital planning opportunities. Amenity access is strong across food and services, though park availability is limited, and average school ratings sit around the national middle—factors to weigh in marketing and resident experience strategy.
Neighborhood safety indicators are mixed when viewed against national comparables. Overall conditions score slightly better than the national midpoint by percentile, suggesting a generally stable environment versus many U.S. neighborhoods.
Property offenses are trending down on a year-over-year basis (higher national safety percentile), which can support resident confidence and retention. In contrast, violent offense indicators show a recent uptick and sit closer to the national middle by percentile. Investors should underwrite with conservative assumptions, monitor recent reports, and compare trends over multiple years rather than relying on a single data point.
Proximity to major corporate headquarters and regional offices in Greater San Antonio underpins commuter demand and leasing depth, notably across energy and financial services represented by Cst Brands, Andeavor, iHeartMedia, USAA, and Valero Energy.
- Cst Brands — corporate offices (19.8 miles) — HQ
- Andeavor — energy (22.2 miles) — HQ
- Iheartmedia — media (26.7 miles) — HQ
- Usaa — financial services (30.4 miles) — HQ
- Valero Energy — energy (31.2 miles) — HQ
This 100-unit asset with average 820 sq. ft. homes sits in a high-performing Inner Suburb pocket where renter demand is supported by above-average neighborhood amenities and multi-year household growth within a 3-mile radius. Occupancy levels track near national mid-range, and asking rents benchmark above many U.S. neighborhoods; according to CRE market data from WDSuite, the neighborhood s renter-occupied share and lower rent-to-income readings point to a deeper tenant base and manageable affordability pressure.
Built in 1973, the property is older than much of the nearby housing stock (which trends 2010s), highlighting potential value-add and systems modernization to enhance competitiveness. Livability is bolstered by strong access to restaurants, cafés, groceries, and pharmacies, while limited park access and middle-of-the-pack school ratings are considerations for positioning and amenities planning. Forward demographic projections indicate continued population and income growth locally, supporting a constructive long-term leasing outlook when combined with prudent capital planning.
- Inner Suburb A-rated location with amenities above national norms supporting daily-needs livability
- Neighborhood renter-occupied share and lower rent-to-income support demand depth and retention
- 1973 vintage offers value-add and systems upgrades to compete with newer 2010s stock
- 3-mile population and household growth expand the tenant base, aiding occupancy stability
- Risks: limited park access, average school ratings, and mixed safety trends warrant conservative underwriting