| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Fair |
| Demographics | 22nd | Poor |
| Amenities | 27th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1004 Allena Dr, San Antonio, TX, 78213, US |
| Region / Metro | San Antonio |
| Year of Construction | 1973 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1004 Allena Dr, San Antonio Multifamily Investment
Neighborhood demand is supported by a deep renter base and steady occupancy, according to WDSuite’s CRE market data, suggesting durable cash flow for a 24‑unit asset with operational upside.
This Inner Suburb location shows stable renter demand: the neighborhoods occupancy is above national norms and is competitive among the 595 San AntonioNew Braunfels neighborhoods. Renter-occupied housing accounts for a large share of units (a high neighborhood renter concentration), which supports a deeper tenant pool and potential leasing stability, per commercial real estate analysis from WDSuite.
Daily convenience is anchored by strong grocery access1he area ranks in the top quartile among 595 metro neighborhoods and sits in a high national percentile for grocery densitywhile restaurants are reasonably available. Other amenity categories such as parks, pharmacies, cafes, and childcare are thinner locally, so residents may rely on nearby corridors for select services.
Within a 3-mile radius, households have increased over the last five years and are projected to rise further while average household size trends lower. That pattern implies a larger number of smaller households and a broader renter pool over time, which can support occupancy stability and leasing velocity. Median home values remain relatively accessible for owners in the regional context, but value-to-income ratios are elevated versus many U.S. neighborhoods, which tends to sustain multifamily demand.
The average neighborhood construction year skews to the late 1970s; this 1973 vintage positions the asset slightly older than the local norm. For investors, that suggests clear value-add pathways through unit renovations and targeted capital planning to sharpen competitiveness against newer stock.
Safety indicators are mixed. Within the San Antonio metro, the neighborhood performs competitive among local peers (relative to 595 neighborhoods). However, compared with neighborhoods nationwide, overall safety sits below average. Recent trends point in a favorable direction, with year-over-year declines in both property and violent incidents, which may help moderate risk if momentum continues.
Investors should underwrite with pragmatic assumptionsconsidering security measures, lighting, and resident engagementand monitor submarket police reports and continued trend data to validate stability over the hold period.
Proximity to major corporate offices underpins a diverse employment base and short commutes for renters, notably in media, insurance/financial services, and energy. The following nearby employers shape day-to-day demand and retention potential.
- Iheartmedia media HQ (2.1 miles) HQ
- Usaa insurance & financial services (4.4 miles) HQ
- Usaa Ops Building operations center (4.6 miles)
- USAA Federal Savings Bank banking (4.9 miles)
- Valero Energy energy HQ (8.5 miles) HQ
1004 Allena Dr offers a balanced workforce housing profile: neighborhood occupancy is solid, renter concentration is high, and nearby employment anchors help support day-to-day leasing. Median rents in the area remain comparatively attainable for the region, while elevated ownership costs versus incomes reinforce reliance on rental housingall supportive of ongoing demand. According to CRE market data from WDSuite, the neighborhoods grocery access is strong for the metro, and restaurants are reasonably available, even as certain amenities are thinner.
Built in 1973, the asset is slightly older than the neighborhoods average vintage, pointing to straightforward value-add opportunities through interior upgrades and systems modernization. Demographic trends within a 3-mile radius show more households and smaller household sizes—signals that typically expand the renter pool and can support occupancy stability. Key underwriting considerations include managing rent-to-income levels to preserve retention and acknowledging that safety metrics trail national benchmarks despite recent improvement.
- Strong renter base and competitive neighborhood occupancy support leasing stability
- 1973 vintage creates clear value-add and capital planning pathways
- Proximity to major employers (media, insurance/financial services, energy) underpins demand
- Household growth within 3 miles and shrinking household sizes expand the renter pool
- Risks: below-national safety benchmarks and thinner non-grocery amenities warrant cautious underwriting