| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Poor |
| Demographics | 14th | Poor |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1002 Grosvenor St, San Antonio, TX, 78221, US |
| Region / Metro | San Antonio |
| Year of Construction | 1985 |
| Units | 91 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1002 Grosvenor St San Antonio Multifamily Investment
Neighborhood renter demand is supported by strong everyday amenities and relatively accessible rents, according to WDSuite’s CRE market data, with occupancy trends to monitor at the neighborhood level.
Situated in San Antonio’s Inner Suburb fabric, the area around 1002 Grosvenor St delivers daily convenience that underpins multifamily leasing: grocery and pharmacy access is strong for the metro, and restaurant density is notably high. Park space and formal childcare options are limited locally, so on-site play areas or partnerships may help round out family-oriented appeal.
At the neighborhood level, occupancy is measured for the neighborhood and not the property; it currently sits below the metro median, suggesting investors should emphasize retention and targeted leasing to sustain stability. Median contract rents in the neighborhood remain comparatively accessible and the rent-to-income relationship indicates manageable affordability pressure, which can aid lease renewal if operators maintain a value-forward offering.
The property’s 1985 vintage is older than the neighborhood’s average construction year, pointing to practical capital planning and value-add potential. Modernizing interiors, building systems, and curb appeal can improve competitive positioning against newer stock while supporting rent growth without overreliance on outsized premiums.
Demographic statistics are aggregated within a 3-mile radius: over the past five years, population edged down while household counts increased and average household size declined. This pattern indicates smaller household sizes and a shifting mix, which can expand the renter pool and support occupancy stability for well-managed workforce housing. Within this same 3-mile radius, the share of renter-occupied units remains meaningful, providing depth to the tenant base even though the immediate neighborhood skews more owner-occupied.
Home values in the immediate neighborhood are comparatively low for the metro, which can introduce some competition from ownership alternatives. For operators, this points to focusing on convenience, flexible living, and resident services to sustain pricing power and lease retention versus entry-level ownership.
Safety conditions should be evaluated with care. Based on WDSuite neighborhood indicators, reported violent and property offenses are elevated relative to neighborhoods nationwide, placing the area below national safety percentiles. For investors, this typically warrants diligent security planning, insurance review, and resident-experience measures to support retention and operations.
These measures are most effective when benchmarked against comparable San Antonio neighborhoods and recent trendlines rather than single-year snapshots. Avoid block-level conclusions; assess site design, lighting, access control, and management practices to help mitigate risk and sustain leasing performance.
Regional employers within a commutable radius help support renter demand, led by corporate anchors in media, financial services, and energy. The following nearby offices contribute to a diverse employment base that can aid leasing velocity and retention.
- Iheartmedia — media HQ (9.8 miles) — HQ
- Usaa — financial services (12.8 miles) — HQ
- Usaa Ops Building — financial services operations (13.0 miles)
- USAA Federal Savings Bank — banking (13.3 miles)
- Valero Energy — energy (17.0 miles) — HQ
This 91-unit, 1985-vintage asset offers a practical value-add path in a convenience-oriented pocket of San Antonio. Neighborhood amenity access is a clear strength, while below-median neighborhood occupancy points to the importance of hands-on operations and targeted renovations to drive leasing stability. According to CRE market data from WDSuite, the area’s rent levels remain comparatively accessible for the metro, supporting renewal strategies if paired with service quality and measured upgrades.
Within a 3-mile radius, household counts have risen as average household size declined, indicating a broader renter pool and potential support for steady absorption. Investors should balance these positive demand signals against operational considerations such as safety metrics, limited parks/childcare, and some competition from entry-level ownership. A focused plan around security, resident experience, and cost-effective unit and systems updates can position the property competitively within its submarket.
- Value-add potential from 1985 vintage through interior and systems modernization
- Strong everyday amenities (grocers, pharmacies, restaurants) support leasing
- Rising household counts within 3 miles broaden the tenant base and support occupancy
- Comparatively accessible neighborhood rents aid renewal strategies and pricing flexibility
- Risks: below-national safety percentiles, limited parks/childcare, and competition from entry-level ownership