| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Poor |
| Demographics | 44th | Fair |
| Amenities | 28th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1404 Somerset Rd, San Antonio, TX, 78211, US |
| Region / Metro | San Antonio |
| Year of Construction | 2008 |
| Units | 20 |
| Transaction Date | 2025-03-27 |
| Transaction Price | $2,110,200 |
| Buyer | MR RENT READY GC LLC |
| Seller | PROSPERITY EQUITY GROUP LLC |
1404 Somerset Rd, San Antonio Multifamily Investment
2008-vintage, 20-unit asset positioned for durable renter demand in a largely occupied San Antonio neighborhood, according to WDSuite’s CRE market data. Stable local occupancy and attainable rents support steady leasing while offering scope to enhance revenue through targeted upgrades.
This suburban pocket of San Antonio shows solid occupancy fundamentals, with neighborhood occupancy tracking in the upper range nationally, based on commercial real estate analysis from WDSuite. Grocery access is comparatively strong for the metro (high national percentile), while restaurants are plentiful for the area; cafes, parks, and pharmacies are limited nearby, which is a consideration for resident convenience.
The property’s 2008 construction is newer than the neighborhood’s average 1970s housing stock. That relative youthfulness can reduce near-term capital exposure versus older assets, while still leaving room for modernization of interiors and common areas to sharpen competitive positioning and capture rent premiums.
Within a 3-mile radius, demographics indicate a modest population contraction over the past five years alongside a noticeable increase in household count and smaller average household sizes. This mix typically broadens the renter pool and supports occupancy stability as more, smaller households seek attainable rental options. Median household incomes have risen, and median contract rents in the 3-mile area have grown from prior levels with further increases forecast, reinforcing potential for steady pricing power if units are maintained competitively.
Tenure patterns within 3 miles show an estimated 39% of housing units are renter-occupied today, with a slight uptick projected. For investors, that renter concentration suggests a meaningful tenant base for workforce-oriented product, provided finishes and rent levels align with neighborhood expectations.
Ownership costs in the immediate neighborhood trend on the lower side relative to national benchmarks. That dynamic can create some competition from entry-level ownership alternatives, but it also supports retention when rentals deliver convenience, predictable costs, and functional layouts at attainable price points.
Safety signals are mixed. Relative to the San Antonio–New Braunfels metro, the neighborhood’s crime rank sits around the middle of the 595-neighborhood distribution, while national percentiles place overall safety below the national median. Property offenses track weaker nationally, though recent local estimates indicate property crime has eased year over year, whereas violent crime shows a slight uptick. Investors commonly address these dynamics through lighting, access control, and community standards to support resident comfort and retention.
As always, safety can vary block to block and over time. Underwriting should incorporate current security measures, recent trend data, and potential operating costs associated with enhancements.
Commuter access to major employers supports workforce leasing, with proximity to media and large financial services headquarters that sustain daily traffic and a broad tenant base.
- Iheartmedia — media HQ (9.7 miles) — HQ
- Usaa — financial services HQ (12.0 miles) — HQ
- Usaa Ops Building — financial services operations (12.2 miles)
- USAA Federal Savings Bank — banking offices (12.4 miles)
- Valero Energy — energy HQ (16.0 miles) — HQ
Built in 2008 with 20 units, 1404 Somerset Rd competes favorably against older neighborhood stock, supporting lower immediate capital needs and a practical path for value-add. Neighborhood occupancy trends are healthy and, according to CRE market data from WDSuite, remain supportive of steady leasing. Within a 3-mile radius, household counts have grown and are projected to rise further as average household sizes decline, pointing to a larger tenant base and consistent demand for attainable rentals.
Local amenities tilt toward groceries and restaurants, and the location provides access to major employers across media, banking, and energy, reinforcing day-to-day demand drivers. While homeownership remains relatively accessible in this area—creating some competitive pressure—attainable rents and targeted interior updates can help sustain pricing power and retention.
- 2008 vintage offers competitive positioning versus older area stock with manageable modernization scope
- Healthy neighborhood occupancy and an expanding 3-mile household base support leasing stability
- Commutable access to major employers (media, financial services, energy) underpins workforce demand
- Grocery and restaurant density enhance livability despite fewer parks, pharmacies, and cafes nearby
- Risk: Ownership alternatives are accessible; sustained performance depends on competitive finishes and disciplined rent management