| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Fair |
| Demographics | 57th | Good |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1221 Broadway St, San Antonio, TX, 78215, US |
| Region / Metro | San Antonio |
| Year of Construction | 2004 |
| Units | 51 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1221 Broadway St, San Antonio Multifamily Investment
High renter concentration in the surrounding neighborhood supports tenant demand, while occupancy trends at the neighborhood level have been softer than the metro, according to WDSuite’s CRE market data.
Located in an Inner Suburb of San Antonio with an A- neighborhood rating, this area ranks in the top quartile among 595 metro neighborhoods, indicating competitive fundamentals relative to the broader region. Neighborhood-level occupancy has lagged in recent years, so underwriting should emphasize leasing execution and concessions management at the submarket level rather than assuming rapid stabilization.
Local amenity access is mixed: restaurant density is strong (well above most neighborhoods nationally), and both grocery and pharmacy access are competitive. Park space, standalone cafes, and childcare options are thinner within the immediate neighborhood. For investors, this typically favors convenience-driven renters but suggests limited green-space adjacency as a differentiator.
Renter-occupied housing accounts for a high share of neighborhood units, indicating a deep tenant base and durable multifamily demand. Median home values in the area are elevated for the market context, which can reinforce reliance on rental options and aid pricing power and lease retention across cycles.
Within a 3-mile radius, demographic statistics show a recent dip in population but a growing household count and smaller average household sizes—conditions that expand the renter pool for studios and one-bedroom layouts. Forward-looking 3-mile projections point to population and household growth, supporting leasing velocity and occupancy stability over a multi-year hold.
The property’s 2004 vintage is newer than much of the surrounding housing stock (which skews mid-20th century), offering relative competitiveness versus older assets while still warranting targeted capital planning for aging systems and selective modernization to sustain rent positioning.
Safety conditions warrant attention. Compared to neighborhoods nationwide, the area performs below average on safety metrics, with property and violent incidents elevated relative to national norms. Within the metro context, it sits below the median for safety. That said, recent data indicate a notable one-year decline in property offenses, which suggests improving momentum but not a solved risk.
Investors typically underwrite enhanced on-site security, lighting, and access controls and may adjust operating assumptions for insurance and turnover. Monitoring neighborhood trend lines alongside broader San Antonio benchmarks can help calibrate risk, particularly for value-add strategies focused on retention and resident experience.
The employment base nearby includes media and large financial services employers, supporting renter demand through steady white-collar jobs and reasonable commutes. Notable employers within a typical renter commute include iHeartMedia and multiple USAA facilities, plus Andeavor.
- Iheartmedia — media (3.8 miles) — HQ
- Usaa — financial services (8.8 miles) — HQ
- Usaa Ops Building — financial services operations (9.0 miles)
- USAA Federal Savings Bank — banking (9.2 miles)
- Andeavor — energy (12.4 miles) — HQ
1221 Broadway St offers a 2004-vintage, 51-unit asset positioned amid a high share of renter-occupied housing and strong daily-needs access. Neighborhood-level occupancy has trended softer, but a deep renter base and smaller household sizes in the 3-mile area support ongoing demand for smaller floor plans. Elevated ownership costs for the area can reinforce renter reliance on multifamily, aiding pricing power when operations are well-managed.
Forward-looking 3-mile projections indicate growth in population and households, expanding the tenant base over a multi-year hold. According to CRE market data from WDSuite, nearby amenity density and employer access are competitive for the market, while safety remains a risk to be addressed through operations and capital planning. Value creation should focus on retention, targeted upgrades, and security measures to stabilize occupancy and sustain rents.
- 2004 vintage offers competitive positioning versus older local stock, with focused CapEx to modernize systems and finishes
- High neighborhood renter-occupied share supports depth of tenant demand and leasing velocity
- 3-mile forecasts indicate population and household growth, expanding the renter pool and supporting occupancy stability
- Elevated ownership costs in the area can sustain rental demand and aid pricing power when managed prudently
- Risks: below-average neighborhood safety and softer neighborhood occupancy require active management, security investment, and conservative underwriting