| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Poor |
| Demographics | 16th | Poor |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 120 S Trinity St, San Antonio, TX, 78207, US |
| Region / Metro | San Antonio |
| Year of Construction | 1983 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
120 S Trinity St, San Antonio Multifamily Investment
Renter demand is supported by a high neighborhood renter-occupied share and everyday amenities, according to WDSuite’s CRE market data, though occupancy varies by asset and submarket. These neighborhood metrics reflect the surrounding area, not the property’s own operations.
Neighborhood fundamentals and renter demand
The immediate neighborhood is rated B and ranks 265 of 595 San Antonio–New Braunfels neighborhoods, placing it above the metro median. For investors, that signals competitive fundamentals relative to many inner-suburban peers without implying outsized performance.
Daily-needs access is a strength: grocery, park, pharmacy, and restaurant density sit in high national percentiles, while cafes are relatively sparse. This mix supports workforce-oriented housing where convenience and transit access matter more than discretionary retail clustering.
The share of housing units that are renter-occupied is elevated (ranked in the upper tier metro-wide), indicating depth in the tenant base and supportive leasing velocity for smaller units. Neighborhood occupancy is mid-pack rather than tight, so underwriting should assume more typical lease-up times and focus on retention.
Home values in this area are comparatively low, yet the value-to-income ratio is elevated versus national norms, which can sustain reliance on rentals. At the same time, rent-to-income in the neighborhood trends moderate, a combination that can aid pricing power while keeping retention risk manageable for well-managed assets.
Construction patterns skew older in the neighborhood (average vintage mid‑1950s). With a 1983 build, the subject is newer than much of the surrounding stock, which can be a relative competitive advantage; investors should still plan for modernization of aging systems as part of the value proposition.
Within a 3‑mile radius, recent years show a slight population dip but an increase in households and smaller average household sizes. Forward-looking projections suggest modest population growth and a meaningful increase in households, pointing to a larger tenant base and steady multifamily demand in the near term.
Safety context
Relative to U.S. neighborhoods, the area benchmarks below national safety averages and sits below the metro median (ranked 405 of 595 in the San Antonio–New Braunfels metro). This context is neighborhood-level, not property-specific.
Recent trends are mixed: estimated property offense rates have improved year over year, while violent offense trend data show less favorable movement. Investors typically address this with lighting, access control, and resident engagement to support retention and lease stability.
Proximity to major employers supports workforce housing demand and commute convenience, including media and large financial services/energy anchors such as iHeartMedia, USAA, and Valero. These employment centers can help stabilize leasing and renewals for value-focused assets.
- Iheartmedia — media (5.1 miles) — HQ
- Usaa — financial services (8.2 miles) — HQ
- Usaa Ops Building — financial services operations (8.4 miles)
- USAA Federal Savings Bank — banking (8.6 miles)
- Valero Energy — energy (12.4 miles) — HQ
Built in 1983 with 48 units averaging compact floorplans, the asset sits in an inner-suburban neighborhood that is above the metro median on overall fundamentals. The surrounding area exhibits a high renter-occupied share and strong daily-needs access, which supports a broad tenant base and leasing durability. According to CRE market data from WDSuite, neighborhood rents are moderate relative to incomes, while ownership appears less accessible versus income levels—conditions that can underpin sustained rental demand and retention.
The property’s vintage is newer than the neighborhood’s predominantly mid‑century stock, offering relative competitiveness and potential to capture demand through targeted updates. Neighborhood occupancy trends are mid-range and safety benchmarks lag national norms, so execution should emphasize resident experience, security, and renewal management. Within a 3‑mile radius, households have grown despite prior population softness, with forecasts calling for additional household gains—an indicator of renter pool expansion that can support occupancy stability over the hold.
- High renter-occupied share and strong daily-needs access support a broad tenant base and leasing stability.
- 1983 vintage is newer than neighborhood norms, with value-add potential via system upgrades and unit refreshes.
- Proximity to major employers (media, financial services, energy) underpins demand from commuting renters.
- Moderate rent-to-income alongside less accessible ownership supports pricing power and retention management.
- Risks: below-national safety benchmarks and mid-range neighborhood occupancy warrant focused operations and resident experience.