| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Fair |
| Demographics | 33rd | Fair |
| Amenities | 52nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2524 Katy St, New Braunfels, TX, 78130, US |
| Region / Metro | New Braunfels |
| Year of Construction | 1985 |
| Units | 46 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2524 Katy St New Braunfels Multifamily Investment
Positioned in New Braunfels’ inner-suburban fabric, the asset benefits from a renter base supported by steady neighborhood occupancy and expanding households, according to WDSuite’s CRE market data.
The property sits within the San Antonio–New Braunfels metro’s inner-suburban band, where neighborhood fundamentals point to durable renter demand. Neighborhood occupancy is near the metro middle (rank 314 of 595; national percentile 53), suggesting generally stable leasing conditions rather than outsized vacancy risk. Renter-occupied housing accounts for a meaningful share of units in the neighborhood (37.4%; rank 184 of 595; national percentile 77), indicating a comparatively deep tenant pool for multifamily.
Everyday convenience trends favorable: grocery and pharmacy access score in the national top quartile (78th and 80th percentiles), and restaurants also track strong at the 78th percentile. Within the metro, the amenity profile is competitive among San Antonio–New Braunfels neighborhoods (amenity rank 111 of 595). While café and childcare densities are thinner locally, nearby parks index well (74th percentile nationally), reinforcing livability.
Three-mile demographics point to a larger renter base ahead. Population grew roughly in the last five years and households expanded at a faster clip, with projections calling for additional household growth through 2028. This expansion, combined with a modest neighborhood rent-to-income ratio (0.24), supports occupancy stability and gives operators room to manage lease renewals with an eye on affordability pressure rather than extreme pricing risk.
On the homeownership side, local home values sit below many national peers, which can introduce some competition from entry-level ownership options. For investors, that typically shifts the focus to property-level differentiation and resident experience to sustain retention and pricing power rather than relying solely on cost-of-ownership gaps.
Crime metrics indicate the neighborhood sits below metro and national safety averages, with crime ranking 429 out of 595 neighborhoods in the San Antonio–New Braunfels metro and national safety percentiles in the lower third. Recent year estimates show increases in both violent and property offense rates, so underwriting should reflect prudent security measures and operating protocols.
For multifamily operators, this typically means emphasizing lighting, access control, and community standards, and aligning with local resources. Framed appropriately, these steps can help maintain leasing momentum relative to nearby submarkets with similar profiles.
Regional employment is anchored by large corporate players to the south in San Antonio, supporting commuter demand and lease retention for workforce housing tied to energy, media, and financial services. Nearby employers include CST Brands, Andeavor, iHeartMedia, the USAA Ops Building, and USAA.
- Cst Brands — fuel retail (17.0 miles) — HQ
- Andeavor — energy (19.3 miles) — HQ
- Iheartmedia — media (24.0 miles) — HQ
- Usaa Ops Building — financial services operations (27.6 miles)
- Usaa — insurance (27.6 miles) — HQ
This 1985 vintage, 46-unit property offers a practical value-add angle in an inner-suburban location where neighborhood occupancy trends hover near the metro middle and renter concentration is comparatively high. The vintage suggests targeted capital planning—modernizations and unit refreshes—to sharpen competitive positioning against a metro housing stock that skews newer on average.
Three-mile demographics show population and household growth with additional expansion projected, pointing to a larger tenant base and support for lease-up and renewal strategies. Amenity access (grocers, pharmacies, restaurants) ranks well nationally, reinforcing livability, while a high-cost ownership environment is not the driver here—so performance hinges more on operational execution, resident experience, and thoughtful pricing. According to CRE market data from WDSuite, neighborhood rent-to-income levels indicate manageable affordability pressure, which supports occupancy stability but still warrants disciplined lease management.
- Value-add potential from 1985 construction via targeted renovations and systems updates
- Renter-occupied share is elevated for the metro, supporting a deeper tenant pool
- Three-mile growth in population and households expands demand and supports lease retention
- Strong grocery/pharmacy/restaurant access enhances livability relative to many peers
- Risk: Safety metrics trail metro and national benchmarks—plan for security and operating controls in underwriting