| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Good |
| Demographics | 63rd | Best |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1410 Naples St, Castroville, TX, 78009, US |
| Region / Metro | Castroville |
| Year of Construction | 1982 |
| Units | 45 |
| Transaction Date | --- |
| Transaction Price | $1,918,600 |
| Buyer | THF CASTROVILLE VILLAGE L LC |
| Seller | CASTROVILLE VILLAGE |
1410 Naples St, Castroville TX Multifamily Value-Add Potential
Neighborhood occupancy is above the metro median with improving stability, according to WDSuites CRE market data, suggesting durable renter demand for a well-positioned renovation plan.
Castrovilles suburban setting offers everyday convenience with a mix of groceries, pharmacies, parks, and cafes that ranks competitive among San Antonio-New Braunfels neighborhoods (96th of 595). Nationally, amenity access sits near the middle of the pack, which supports steady livability without relying on destination retail.
Average school ratings in the area are also competitive within the metro (74th of 595) and sit around the 70th percentile nationally. For investors, this can support retention and longer tenancy among households prioritizing school access.
The propertys 1982 vintage is older than the neighborhoods average construction year (2007). That age gap points to value-add and capital planning opportunitiestargeted upgrades can enhance competitiveness versus newer stock while managing systems that may be at mid-to-late life.
Renter concentration at the neighborhood level is comparatively low, indicating a predominantly owner-occupied area. That can translate to a thinner immediate renter base but also less direct multifamily competition; operators typically focus on product differentiation and service to capture demand.
Within a 3-mile radius, demographics show a modest population contraction over the last five years alongside essentially flat household counts, while forecasts indicate population growth and a meaningful increase in households through 2028. This points to a larger tenant base ahead and supports occupancy stability as more renters enter the market, based on multifamily property research from WDSuite.
Home values in the neighborhood are elevated relative to many U.S. areas, and household incomes trend above national norms. Combined with a low rent-to-income ratio locally, the backdrop supports lease retention and measured pricing power without overextending affordability.
Neighborhood-level crime benchmarks are not available in WDSuite for this location. Investors typically compare local law enforcement releases and metro summaries to understand relative safety and trend direction, and pair that with on-site observations during diligence.
Regional employment is anchored by nearby financial services and energy headquarters, which broadens the potential renter pool and supports commute-oriented demand for workforce housing. The following employers are within a commutable distance and help underpin leasing stability:
- USAA financial services (22.35 miles) HQ
- USAA Federal Savings Bank banking (22.41 miles)
- USAA Ops Building financial services operations (22.43 miles)
- Valero Energy energy (23.16 miles) HQ
- iHeartMedia media (26.05 miles) HQ
1410 Naples St offers a straightforward value-add path in a suburban neighborhood where occupancy trends are above the metro median and amenity and school access are competitive among San Antonio-New Braunfels peers. The 1982 vintage is older than the areas average, creating clear modernization and repositioning levers that can improve rent capture against newer stock while maintaining cost discipline.
Within a 3-mile radius, household counts are expected to increase over the next five years, indicating renter pool expansion that supports leasing velocity and occupancy stability. Elevated home values alongside higher household incomes and a low rent-to-income ratio suggest headroom for measured rent growth and retention, according to commercial real estate analysis from WDSuite.
- Above-median neighborhood occupancy supports stable operations and reduces volatility risk.
- 1982 vintage provides actionable value-add and systems modernization opportunities.
- Forecast household growth within 3 miles points to a larger tenant base and leasing durability.
- Elevated ownership costs and strong incomes reinforce rental demand and pricing power potential.
- Risks: lower renter concentration locally and an older asset profile require targeted marketing and capex discipline.