| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Fair |
| Demographics | 34th | Fair |
| Amenities | 41st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1650 Jackson Keller Rd, San Antonio, TX, 78213, US |
| Region / Metro | San Antonio |
| Year of Construction | 1972 |
| Units | 20 |
| Transaction Date | 2003-07-24 |
| Transaction Price | $156,800 |
| Buyer | HAMILTON PLACE APARTMENTS LLC |
| Seller | VERGARA PROPERTIES ONE LLC |
1650 Jackson Keller Rd San Antonio Multifamily Value-Add
Neighborhood occupancy near 96% points to steady leasing conditions in this Inner Suburb location, according to WDSuite’s CRE market data. That stability supports underwriting focused on durable cash flow rather than lease-up risk (neighborhood metric, not the property).
Positioned in an Inner Suburb of San Antonio-New Braunfels, the neighborhood rates B- and is competitive among San Antonio-New Braunfels neighborhoods (rank 304 of 595). Amenity access is mixed: restaurants and grocery options track in the national top quartile, while parks, pharmacies, and cafes are relatively limited. For investors, this typically supports daily convenience and leasing appeal without paying premiums associated with core lifestyle districts, based on CRE market data from WDSuite.
Median asking rents in the neighborhood sit around the national middle with solid five-year growth, and neighborhood occupancy trends are above the metro median. The average school rating near 3.0 (about the 61st percentile nationally) adds family-oriented appeal versus many similarly priced submarkets. The property’s 1972 vintage is older than the neighborhood’s average construction year (1981), suggesting potential value-add through exterior, interior, and systems upgrades as part of capital planning.
The renter-occupied share of housing units in the neighborhood is about 53%, indicating a meaningful renter concentration and depth of tenant demand. Within a 3-mile radius, demographics show households have increased even as population edged down, implying smaller household sizes and a broadened tenant base. Forward-looking estimates within that same 3-mile radius point to additional household growth and income gains, which can support occupancy stability and measured rent growth.
Ownership costs in the neighborhood are relatively accessible by national standards, which can create some competition with entry-level ownership. However, rent-to-income levels indicate manageable affordability pressure for renters, supporting retention and reducing turnover risk in professionally managed assets. Overall, the local mix of conveniences, schools that test above the national median, and a stable renter base underpin multifamily fundamentals while leaving room for value-add execution.
Neighborhood safety indicators trend below national averages, with violent and property offense rates in lower national percentiles. Within the San Antonio-New Braunfels metro, the neighborhood tracks around the middle of the pack (crime rank 276 of 595). For investors, this argues for standard security measures and attentive property management to support resident retention.
Recent data show a meaningful year-over-year decline in estimated property offenses, which is a constructive directional trend. Even so, underwriting should reflect conservative assumptions on operating practices, lighting and access control, and potential insurance cost sensitivities rather than relying on rapid improvement.
Proximity to major employers supports a broad workforce renter base and commute convenience, notably across media, financial services, and energy. Nearby anchors include Iheartmedia, USAA (multiple campuses), and Valero Energy.
- Iheartmedia — media (2.8 miles) — HQ
- Usaa — financial services (3.6 miles) — HQ
- Usaa Ops Building — financial services operations (3.7 miles)
- USAA Federal Savings Bank — banking (4.0 miles)
- Valero Energy — energy (7.5 miles) — HQ
This 20-unit asset offers a straightforward value-add thesis in a renter-heavy neighborhood with occupancy levels that have held above metro medians. According to CRE market data from WDSuite, neighborhood rent trends sit around the national middle with durable five-year growth, and a meaningful share of housing units are renter-occupied — factors that typically support steady absorption and renewal potential.
Built in 1972, the property is older than the area’s average vintage, creating clear opportunities for targeted interior updates and system modernization to sharpen competitive positioning against 1980s-era stock. Within a 3-mile radius, households have been rising and are projected to continue growing, even as average household size declines — a pattern that can expand the renter pool and support occupancy. Balanced ownership costs may introduce some competition from entry-level buying, but proximity to major employers and mid-market rents favor sustained multifamily demand.
- Neighborhood occupancy and renter concentration support leasing stability
- 1972 vintage offers value-add and systems-upgrade upside versus 1980s stock
- 3-mile household growth and employer proximity expand the tenant base
- Mid-market rent positioning aids renewal and absorption strategy
- Risks: below-national safety metrics and potential competition from entry-level ownership