| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Good |
| Demographics | 75th | Best |
| Amenities | 15th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 483 Laurel Ln, New Braunfels, TX, 78130, US |
| Region / Metro | New Braunfels |
| Year of Construction | 1985 |
| Units | 72 |
| Transaction Date | 2008-10-31 |
| Transaction Price | $2,625,000 |
| Buyer | DLB GREENLEAF LLC |
| Seller | KLK LAUREL HEIGHTS APARTMENTS LTD |
483 Laurel Ln New Braunfels Multifamily Investment
Positioned in a suburban pocket of New Braunfels with a B+ neighborhood rating, the asset benefits from a growing renter pool and solid income fundamentals, according to WDSuite’s CRE market data. Expect demand supported by household growth and smaller household sizes in the 3-mile radius, which can aid occupancy stability and measured rent gains.
The property sits in a suburban neighborhood that is competitive among San Antonio–New Braunfels neighborhoods (ranked 194 out of 595) with a B+ rating, indicating balanced fundamentals for workforce and middle-income renters. Within a 3-mile radius, population and household counts have been expanding, with forecasts calling for continued population growth and a larger base of households by 2028. Smaller average household sizes reinforce demand for apartments, broadening the tenant base and supporting leasing velocity.
Amenities are limited locally by WDSuite measures (restaurants, cafes, and groceries are sparse), but park access is a bright spot with a high park density ranking that provides lifestyle appeal and supports resident satisfaction. For investors, this mix suggests marketing that emphasizes outdoor access and quick drives to daily needs rather than walkable retail.
Renter-occupied housing accounts for roughly four in ten units within the 3-mile radius, indicating meaningful depth for multifamily leasing while still competing with ownership. Neighborhood rent-to-income ratios trend favorable, which can support retention and give operators room for disciplined rent management as leases roll.
Home values in the neighborhood are elevated versus national norms, and the value-to-income profile is higher than average. In practice, a higher-cost ownership market tends to sustain reliance on rental housing, aiding tenant retention and reducing move-outs to ownership, particularly for well-maintained properties.
The asset was built in 2005, newer than the area’s average vintage around 2000. That positioning can be competitive versus older stock, though investors should still account for mid-life capital items and system upgrades to keep the property aligned with current renter expectations.
Neighborhood safety compares modestly better than national baselines overall, based on WDSuite’s indicators. Reported violent offense rates track above the national median for safety (around the 63rd percentile nationally), and property offense rates are stronger still (about the 73rd percentile), placing the area in a generally favorable position versus many U.S. neighborhoods.
Recent data show a year-over-year uptick in estimated property offenses, which warrants ongoing monitoring and standard asset-level precautions. For investors, this translates to routine security and lighting reviews rather than a structural deterrent, while still highlighting the importance of proactive management.
Regional employment anchors within commuting range include energy, media, and financial services headquarters that support steady renter demand and lease retention. The list below reflects nearby corporate nodes most relevant to workforce stability for this submarket.
- CST Brands — corporate offices (17.6 miles) — HQ
- Andeavor — energy (19.9 miles) — HQ
- iHeartMedia — media (24.9 miles) — HQ
- USAA — financial services (28.4 miles) — HQ
- Valero Energy — energy (28.9 miles) — HQ
A 72-unit, 2005-vintage property in a B+ suburban neighborhood, 483 Laurel Ln aligns with durable demand drivers: expanding households within 3 miles, a meaningful renter-occupied share, and a high-cost ownership market that supports rental reliance. Neighborhood rent-to-income dynamics suggest manageable affordability pressure, aiding retention and providing room for disciplined rent growth. According to CRE market data from WDSuite, the location remains competitive within the metro, and park access offers a differentiated livability angle despite limited nearby retail.
Forward-looking demographics point to continued population growth and a larger household base, while smaller household sizes can favor apartment demand and support occupancy. The 2005 vintage is newer than nearby averages, improving positioning versus older stock, though investors should plan for mid-life systems and selective renovations to sustain competitiveness.
- Growing 3-mile population and households expand the tenant base and support occupancy stability.
- Favorable rent-to-income profile supports retention and measured rent growth management.
- 2005 vintage offers competitive positioning versus older stock with targeted mid-life capex.
- Proximity to major energy, media, and financial services employers underpins leasing demand.
- Risks: limited walkable amenities and a recent uptick in property offenses warrant proactive management.