| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Good |
| Demographics | 38th | Fair |
| Amenities | 18th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2001 Boerne Ave, Hondo, TX, 78861, US |
| Region / Metro | Hondo |
| Year of Construction | 1978 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2001 Boerne Ave Hondo Multifamily Value-Add
Neighborhood occupancy has trended stable with incremental gains over five years, supporting steady renter demand, according to WDSuite’s CRE market data. For a 48-unit, 1978 vintage asset, the setup favors operational execution and selective upgrades rather than relying on outsized market growth.
Located in Hondo within the San Antonio–New Braunfels metro, the neighborhood holds a C+ rating and is classified as Rural. Amenity density is limited (few cafes, groceries, and parks), so residents are largely car-dependent. For investors, this points to a renter profile prioritizing value and commute practicality over walkable retail.
Occupancy in the neighborhood sits near the metro middle and has inched higher over the past five years, a constructive sign for lease stability based on CRE market data from WDSuite. The share of housing units that are renter-occupied is competitive among San Antonio neighborhoods (rank near the top 40% of 595 neighborhoods), indicating a workable tenant base for multifamily.
Within a 3-mile radius, households rose while population edged down, implying smaller household sizes and more households forming — dynamics that typically support a larger tenant base and steadier absorption. Projections point to further increases in households over the next five years, which can reinforce occupancy and retention for well-managed assets.
Home values in the neighborhood are moderate for Texas, and rent-to-income levels remain manageable, which can support lease retention and pricing discipline rather than aggressive rent spikes. School ratings trend below national averages, a consideration for family-oriented renters and for positioning within the submarket. Overall, the setting suits workforce-focused assets where affordability and straightforward operations matter more than lifestyle amenities in this commercial real estate analysis.
Vintage also matters: the property’s 1978 construction predates the neighborhood’s average year, pointing to potential capital planning needs and value-add upside (interiors, systems, and common areas) to sharpen competitiveness against newer stock.
Comparable crime metrics at the neighborhood level are not available in WDSuite for this area. Investors typically benchmark safety by comparing city and county resources and by referencing trends across similar Rural neighborhoods in the San Antonio–New Braunfels metro. Use consistent, metro-wide comparisons rather than block-level assumptions to gauge risk and inform leasing strategy.
Regional employment depth is anchored by large corporate offices in the San Antonio area, supporting a commuter renter base that values attainable housing and predictable access to jobs. The following employers illustrate the scale and diversity of nearby white-collar demand drivers.
- Valero Energy — energy HQ (37.3 miles) — HQ
- USAA Federal Savings Bank — financial services (37.6 miles)
- Usaa — financial services (37.6 miles) — HQ
- Usaa Ops Building — financial services operations (37.7 miles)
- Iheartmedia — media HQ (42.2 miles) — HQ
2001 Boerne Ave offers a straightforward workforce housing thesis: a 48-unit, 1978 vintage asset in a car-oriented pocket where renter demand skews toward value and stability. Neighborhood occupancy trends have been steady, and the share of housing units that are renter-occupied is competitive among San Antonio neighborhoods, supporting durable leasing. Within a 3-mile radius, the number of households has grown and is projected to rise further, indicating a larger tenant base that can support occupancy stability and measured rent growth. According to CRE market data from WDSuite, rent-to-income levels remain manageable locally, which supports retention while leaving room for disciplined revenue management.
The building’s older vintage relative to the neighborhood average highlights practical value-add opportunities — unit interiors, common areas, and building systems — to enhance competitiveness versus newer stock. Moderate ownership costs nearby can create some competition with entry-level ownership; however, attainable rents and smaller-format units (average ~400 sq. ft.) can position the property for efficiency-minded renters seeking predictable monthly housing costs.
- Stable neighborhood occupancy with incremental 5-year improvement supports leasing consistency.
- Competitive renter-occupied share and projected household growth within 3 miles expand the tenant base.
- 1978 vintage creates clear value-add levers in interiors and systems to improve NOI and positioning.
- Attainable rent-to-income dynamics favor retention and measured pricing power over speculative rent spikes.
- Risks: limited neighborhood amenities and lower school ratings; some competition from ownership options; distance to major job centers requires commute-sensitive leasing strategy.