| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Poor |
| Demographics | 16th | Poor |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1727 Thompson Pl, San Antonio, TX, 78226, US |
| Region / Metro | San Antonio |
| Year of Construction | 1987 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1727 Thompson Pl, San Antonio Multifamily Investment
Renter concentration in the surrounding neighborhood supports a stable tenant base even as area occupancy trends have softened, according to WDSuite’s CRE market data. Position near employment corridors and everyday retail underpins workforce housing demand in San Antonio.
This Inner Suburb location offers everyday convenience with grocery access and parks scoring in the higher national percentiles, while restaurants are competitive relative to many U.S. neighborhoods. Within the San Antonio–New Braunfels metro, overall amenities rank competitive among metro neighborhoods (225 out of 595), though cafes, childcare, and pharmacies are limited, which can influence tenant expectations and service mix.
Neighborhood occupancy is below both metro and national norms (rank 547 of 595), signaling leasing headwinds and the need for hands-on marketing and retention. That said, the share of housing units that are renter-occupied is high for the area (national percentile 84), indicating a deep renter pool that supports multifamily demand and potential leasing resilience if operations are well executed.
Demographic data aggregated within a 3-mile radius show a nuanced demand picture: recent population is slightly lower than five years ago, yet household counts have increased and are projected to rise further as average household size trends down. This dynamic often expands the renter pool and can support occupancy stability for smaller, budget-conscious units.
Home values in the neighborhood are on the lower end nationally, which means ownership is more accessible than in high-cost markets and can modestly compete with rentals. However, median rents sit at levels that help manage affordability pressure relative to local incomes, supporting retention with careful lease management. Average school ratings are lower (15th percentile nationally), a consideration for family-oriented demand, whereas proximity to parks and groceries (both above the 80th percentile nationally) provides livability strengths for a workforce renter profile. For multifamily property research, these contrasts point to an operationally focused investment that leans on value, convenience, and access to employment rather than top-tier schools or luxury retail.
The asset’s 1987 construction is older than the neighborhood average year (1994), implying near- to medium-term capital planning for systems and interiors. For investors, this suggests value-add and modernization opportunities to differentiate versus older stock while remaining price-competitive.
Safety indicators trail national norms, with the neighborhood positioned below average nationally based on WDSuite’s data. Within the San Antonio–New Braunfels metro, crime levels rank in the lower half (337 out of 595), indicating elevated incidents relative to many metro peers. Even so, recent trends show improvement: property offenses declined year over year and violent offense rates edged lower, signaling gradual stabilization rather than a structural shift.
For investors, this calls for pragmatic measures—lighting, access control, and community management—to support tenant retention. Positioning the asset toward workforce renters and emphasizing on-site safety protocols can help mitigate perception risk while leveraging nearby employment nodes.
Proximity to major employers in media, financial services, and energy supports a steady commuter renter base and can aid lease retention for workforce housing. Nearby anchors include iHeartMedia, multiple USAA offices, and Valero Energy.
- Iheartmedia — media (8.0 miles) — HQ
- Usaa — financial services (9.47 miles) — HQ
- Usaa Ops Building — operations center (9.70 miles)
- USAA Federal Savings Bank — banking (9.93 miles)
- Valero Energy — energy (13.51 miles) — HQ
1727 Thompson Pl totals 120 units with compact floor plans suited to value-oriented renters. The 1987 vintage is older than nearby stock, creating clear value-add pathways through interior updates and targeted systems upgrades. According to CRE market data from WDSuite, the surrounding neighborhood shows high renter concentration but below-median occupancy at the neighborhood level, suggesting that disciplined operations and refreshed product can capture share from dated comparables.
Within a 3-mile radius, households have increased and are projected to expand further as household size declines, which typically enlarges the renter base even when population growth is modest. Livability strengths center on access to groceries, parks, and restaurants, while lower school ratings and safety perceptions warrant active management. Rent levels relative to local incomes imply manageable affordability pressure, supporting retention if renewal strategies remain calibrated.
- Value-add upside from 1987 vintage via interiors and building systems
- High renter concentration supports depth of tenant base despite softer neighborhood occupancy
- 3-mile household growth and shrinking household size point to renter pool expansion
- Everyday retail and park access enhance workforce renter appeal
- Risks: submarket safety perceptions, lower school ratings, and competitive lease-up conditions