| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 60th | Good |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 122 Burr Rd, San Antonio, TX, 78209, US |
| Region / Metro | San Antonio |
| Year of Construction | 1990 |
| Units | 30 |
| Transaction Date | 2006-05-17 |
| Transaction Price | $1,450,000 |
| Buyer | THE TOWNSHIP LP |
| Seller | HOUSING AUTHORITY OF THE CITY OF SAN ANT |
122 Burr Rd, San Antonio Multifamily Opportunity
Positioned in an inner-suburb neighborhood with strong renter concentration and a high-cost ownership market, the asset benefits from durable tenant demand according to WDSuite’s CRE market data. Neighborhood statistics, not property performance, indicate competitive amenities and newer-vintage positioning supports leasing relative to older local stock.
The property sits within an inner-suburb pocket of San Antonio rated A and competitive among San Antonio-New Braunfels neighborhoods (rank 30 out of 595). Neighborhood data point to strong daily convenience and lifestyle access: restaurants density trends in the top decile nationally, parks access ranks in the top quartile nationwide, and grocery and childcare availability are also above national norms. Cafes are comparatively limited, but the broader amenity mix supports resident retention.
Neighborhood housing patterns indicate a high share of renter-occupied units (95th percentile nationally), signaling a deep tenant base for multifamily. By contrast, neighborhood occupancy has trended soft relative to national benchmarks in recent years, which may require more active leasing and renewals management to sustain stability. Elevated neighborhood home values (87th percentile nationally) and a very high value-to-income ratio (top percentile) frame a high-cost ownership market, which can sustain reliance on rental housing and support pricing power when operations are well-managed.
Construction year averages in the neighborhood skew older (1971 average across the metro comparison set), while this property’s 1990 vintage is newer than much of the surrounding stock. That positioning can enhance competitiveness versus older assets, though planning for modernization of aging systems and select value-add upgrades remains prudent for long-term performance.
Demographic statistics aggregated within a 3-mile radius show households have increased while average household size has declined, expanding the number of renting households even as population was relatively flat. Forward-looking projections indicate additional household growth and rising incomes, which generally support a larger tenant base, improved lease-up velocity, and potential for steady rent growth over time.
Neighborhood safety indicators are mixed relative to the metro and nation. Based on WDSuite’s data, this area ranks below the national median for safety (about the 38th percentile nationwide) and sits on the higher-crime side compared with San Antonio-New Braunfels neighborhoods. However, recent year-over-year trends show notable declines in both property and violent offense rates, suggesting directional improvement. As always, investors should underwrite security measures and operating practices appropriate for the submarket.
- Iheartmedia — media HQ (1.98 miles) — HQ
- Usaa — financial services HQ (8.10 miles) — HQ
- Usaa Ops Building — financial services operations (8.28 miles)
- USAA Federal Savings Bank — banking (8.52 miles)
- Andeavor — energy HQ (10.21 miles) — HQ
This 30-unit, 1990-vintage property offers a relative edge versus older neighborhood stock while tapping into an inner-suburb location with strong amenity access and a large renter pool. Elevated neighborhood home values point to a high-cost ownership market that helps sustain multifamily demand, while household growth within 3 miles expands the tenant base and supports occupancy stability over time. According to CRE market data from WDSuite, neighborhood occupancy has been softer in recent years, so hands-on leasing and renewals will matter, but amenity strength and renter concentration help offset that risk.
Forward indicators in the 3-mile area point to rising incomes and additional households alongside modest rent growth expectations, creating room for revenue management and targeted value-add upgrades. Given the asset’s age, investors should budget for system updates and selective renovations to maintain competitive positioning and capture retention and pricing opportunities.
- Newer-than-neighborhood vintage (1990) supports competitiveness versus older stock
- High renter concentration and high-cost ownership market underpin durable tenant demand
- Amenity-rich inner suburb with strong parks, restaurants, and daily needs access
- 3-mile outlook shows more households and higher incomes, supporting rent and retention
- Risks: neighborhood safety ranks below national median and occupancy has been soft; plan for security and active leasing