| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Poor |
| Demographics | 16th | Poor |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1875 Thompson Pl, San Antonio, TX, 78226, US |
| Region / Metro | San Antonio |
| Year of Construction | 2007 |
| Units | 20 |
| Transaction Date | 2017-04-20 |
| Transaction Price | $1,750,000 |
| Buyer | Realty Network Funds LLC |
| Seller | --- |
1875 Thompson Pl San Antonio 2007 Multifamily Investment
Neighborhood renter concentration supports a steady tenant base, while households within a 3-mile radius have expanded and are projected to continue rising, according to WDSuite’s CRE market data, even as local occupancy has trended softer.
Located in an Inner Suburb of San Antonio, the immediate area offers everyday convenience more than lifestyle flair. Grocery access and park acreage land in the top quartile nationally, while cafes, childcare, and pharmacies are limited. For investors, this mix supports workforce housing demand but suggests resident expectations will skew toward practical value and commute convenience over boutique amenities.
The property’s 2007 vintage is newer than the neighborhood’s average construction year of 1994, positioning it competitively versus older stock. Newer vintage can reduce near-term capital uncertainty on major systems, though targeted modernization and common-area refreshes may still be warranted to meet leasing goals and support retention.
Neighborhood occupancy is below typical stabilized levels and has softened over the last five years, but the share of renter-occupied housing units is elevated, indicating depth in the tenant pool. Within a 3-mile radius, households have grown and are forecast to expand further as average household size declines, reinforcing a broader renter pool and supporting leasing velocity.
Home values in the surrounding neighborhood are comparatively low for the region, which can create some competition from entry-level ownership. At the same time, measured rents and a moderate rent-to-income profile suggest manageable affordability pressure—a backdrop where operators can emphasize occupancy stability and renewal management rather than outsized rent pushes.
Compared with national CRE benchmarks, local schools rate below national norms and restaurants are present but not a major draw. Investors should underwrite accordingly, leaning on pragmatic unit finishes, parking, and access to job centers to attract and retain residents.
Safety indicators trend weaker than many areas nationally, with both violent and property offense levels sitting in low national safety percentiles. Within the San Antonio–New Braunfels metro (595 neighborhoods), the area falls in the less safe half.
Recent year-over-year data show an improvement in estimated property offenses, a constructive directional trend to monitor. Operators should plan for safety-forward practices—lighting, access control, and community engagement—to support retention and leasing.
Proximity to established employers in media, financial services, and energy supports workforce housing demand and commute convenience. The nearby anchors below can help underpin leasing and resident retention.
- IHeartMedia — media & broadcasting (8.2 miles) — HQ
- USAA — financial services (9.4 miles) — HQ
- USAA Ops Building — financial services operations (9.7 miles)
- USAA Federal Savings Bank — banking (9.9 miles)
- Valero Energy — energy (13.5 miles) — HQ
1875 Thompson Pl is a 20-unit multifamily asset built in 2007, offering a newer vintage relative to nearby housing stock. The location—strong for grocery and parks but lighter on boutique amenities—aligns with workforce demand drivers. While neighborhood occupancy has been soft, renter concentration is elevated and the 3-mile area shows growth in households today and in the forecast, pointing to a larger tenant base and support for leasing stability.
Measured rents and a moderate rent-to-income profile favor a strategy centered on renewals and consistent occupancy rather than aggressive pricing. According to commercial real estate analysis from WDSuite, safety remains a watch item, so security-forward operations are prudent; however, the 2007 vintage can reduce near-term systems capex with selective updates to interiors and common areas to enhance competitiveness versus older stock.
- Newer 2007 vintage relative to area stock—potentially lower near-term systems capex with targeted upgrades
- Elevated renter-occupied housing share and expanding households within 3 miles support tenant depth and leasing
- Practical location fundamentals—top-quartile grocery and park access underpin day-to-day livability
- Operate for stability—measured rents suggest focus on renewals and occupancy over outsized rent growth
- Risks: softer neighborhood occupancy, below-average school ratings, safety concerns, and competition from entry-level ownership