| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Poor |
| Demographics | 16th | Poor |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1512 El Paso St, San Antonio, TX, 78207, US |
| Region / Metro | San Antonio |
| Year of Construction | 1990 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1512 El Paso St San Antonio 50-Unit Multifamily
Renter concentration is high in the immediate neighborhood and household counts are trending up nearby, pointing to a durable tenant base even as occupancy runs below the metro median, according to WDSuite’s CRE market data.
Located in an Inner Suburb of San Antonio, the neighborhood carries a B rating and ranks above the metro median (265 of 595), suggesting broadly competitive fundamentals for workforce housing. The area skews renter-heavy, with a high share of housing units renter-occupied, which supports depth of demand for a 50-unit asset.
Livability is anchored by strong day-to-day conveniences: neighborhood measures for grocery, park, pharmacy, and restaurant access sit in the top decile nationally, while cafes are limited. Average school ratings are weak relative to national peers, which can influence resident mix and leasing strategies, but does not preclude stable occupancy for value-focused rentals.
Compared with the San Antonio-New Braunfels metro, neighborhood occupancy trends are below the metro median (ranked 432 of 595). However, renter-occupied share ranks among the highest in the metro (65 of 595), indicating a deep tenant pool that can help support leasing velocity and renewal rates.
Within a 3-mile radius, population edged down over the last five years while household counts increased, indicating smaller household sizes and a broader base of renting households. Projections point to further growth in households by the mid-term, which should expand the renter pool and help support occupancy stability. Median home values nearby are comparatively low versus national norms, yet the value-to-income ratio sits in a higher national percentile, implying a high-cost ownership market relative to local incomes—conditions that can reinforce reliance on multifamily rentals. Rent-to-income ratios are around the national midpoint, suggesting manageable affordability pressure for leasing and renewals.
The property’s 1990 vintage is newer than the neighborhood’s average housing stock (mid-1950s), offering relative competitiveness versus older assets, while still warranting capital planning for aging systems and potential value-add upgrades to enhance positioning against similar workforce properties.
Safety indicators for the neighborhood track below metro averages (ranked 405 of 595), placing it behind many San Antonio neighborhoods and below national percentiles for safety. For investor underwriting, this typically calls for prudent assumptions on security measures, tenant screening, and marketing focused on value and convenience.
Recent trends are mixed: property offense estimates have declined year over year, an encouraging directional sign, while violent offense estimates have increased over the same period. These are neighborhood-level signals rather than block-level measures and should be weighed alongside on-site controls and management practices.
The area draws from a diversified base of corporate offices that support steady renter demand through commuting convenience and professional services employment. Nearby anchors include iHeartMedia, USAA and its related offices, and Valero Energy.
- Iheartmedia — media headquarters (5.5 miles) — HQ
- Usaa — financial services (8.6 miles) — HQ
- Usaa Ops Building — financial services operations (8.9 miles)
- USAA Federal Savings Bank — banking (9.1 miles)
- Valero Energy — energy (12.9 miles) — HQ
This 50-unit, 1990-built asset sits in a renter-heavy neighborhood with strong daily-use amenities and a tenant base oriented toward workforce housing. Neighborhood occupancy is below the metro median, but the high share of renter-occupied units and strong access to groceries, parks, pharmacies, and restaurants support leasing depth and renewal potential. Within a 3-mile radius, households have been increasing even as population softened, and projections indicate additional household growth—conditions that can expand the renter pool and support occupancy stability. Based on commercial real estate analysis using WDSuite data, ownership remains relatively high-cost versus local incomes, which can sustain reliance on multifamily rentals and bolster demand for well-managed value-focused units.
The 1990 vintage provides a competitive edge versus older neighborhood stock while offering value-add potential through targeted renovations and system updates. Execution should incorporate prudent assumptions around safety and school perceptions, with operational focus on security, resident services, and durable tenant retention programs.
- Renter-heavy neighborhood and strong amenity access support demand depth and renewal potential.
- 1990 vintage is newer than local stock, enabling competitive positioning with selective value-add.
- Household growth within 3 miles points to a larger tenant base and supports occupancy stability.
- Ownership relatively costly versus incomes, reinforcing reliance on multifamily rentals.
- Risks: below-metro safety metrics and weak school ratings require proactive management and underwriting discipline.