| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Best |
| Demographics | 60th | Good |
| Amenities | 72nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 216 Ivy Ln, Boerne, TX, 78006, US |
| Region / Metro | Boerne |
| Year of Construction | 1985 |
| Units | 88 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
216 Ivy Ln, Boerne TX Multifamily Opportunity
Neighborhood fundamentals point to steady renter demand and above-median occupancy, according to WDSuite s CRE market data, with elevated ownership costs in Boerne supporting multifamily leasing.
Situated in Boerne s inner-suburban fabric of the San Antonio New Braunfels metro, the surrounding neighborhood rates highly for overall livability (A+; competitive among metro peers, ranking 22 of 595). Local retail and daily-needs access are strong: restaurants and groceries track in the top quartile nationally, while pharmacy access is even stronger. Park access is limited, a lifestyle trade-off to note for resident marketing and retention.
Schools in the area benchmark well for the metro, with the average rating around 4.0 and positioned in the 84th percentile nationally (rank 28 of 595 in the metro), a factor that can support family-oriented renter demand and longer tenancy. Neighborhood occupancy trends sit above the national median, which helps underpin cash flow stability through cycles.
Tenure patterns indicate a meaningful renter-occupied share at the neighborhood level (competitive by national standards), signaling depth in the tenant base for an 88-unit asset. At the same time, elevated home values relative to incomes in the neighborhood and across the metro reinforce renter reliance on multifamily housing, which can support pricing power but warrants thoughtful lease management.
Within a 3-mile radius, demographics show recent population growth with further increases projected alongside a notable rise in household count. This points to a larger tenant base over the next five years; smaller average household sizes in the forecast suggest continued demand for apartment living rather than larger single-family options. Median contract rents in the 3-mile area have risen over the past five years and are projected to continue increasing, supporting the rent roll outlook while requiring attention to affordability pressure and renewal strategies.
Comparable, block-level crime data for this neighborhood are not available in the dataset. Investors often contextualize safety by reviewing broader city and submarket trends, on-site management practices, and resident feedback over time rather than relying on a single point estimate.
The leasing base benefits from proximity to major employment nodes to the south and west, including energy and financial services anchors that help drive steady, commute-friendly renter demand. Notable nearby employers include Valero Energy, USAA (bank and operations), and Andeavor.
- Valero Energy energy (15.8 miles) HQ
- USAA Federal Savings Bank financial services (19.5 miles)
- Usaa Ops Building financial services operations (19.8 miles)
- Andeavor energy (19.9 miles) HQ
- Usaa financial services (20.0 miles) HQ
This 88 unit asset is positioned in a high functioning neighborhood within the San Antonio New Braunfels metro, where local amenities, school quality, and a competitive metro rank support durable renter demand. According to CRE market data from WDSuite, the area s occupancy benchmarks above the national median, while elevated ownership costs and strong daily needs access help sustain leasing and retention.
Within a 3 mile radius, population has grown with households projected to expand further, pointing to a larger renter pool over the next cycle. The neighborhood shows a meaningful renter concentration and rising rents, which supports revenue growth prospects; however, rent-to-income pressure in the immediate area and limited parks signal the need for disciplined pricing, amenity positioning, and renewal management. Overall, fundamentals favor long-term stability with measured execution on capex and leasing strategy.
- Competitive neighborhood rank (22 of 595) with strong amenities and schools supporting demand
- Above-median occupancy and elevated ownership costs reinforce multifamily leasing
- 3-mile population and household growth expand the tenant base over time
- Proximity to major employers (energy, financial services) supports retention
- Risk: affordability pressure and limited parks require careful pricing and renewal strategy