| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Poor |
| Demographics | 16th | Poor |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1919 Jamar Blvd, San Antonio, TX, 78226, US |
| Region / Metro | San Antonio |
| Year of Construction | 1972 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1919 Jamar Blvd San Antonio Multifamily Value-Add
1972 vintage with stable renter demand signals a pragmatic value-add path; according to WDSuite’s CRE market data, the surrounding neighborhood shows high renter concentration even as occupancy trends sit below metro norms.
Located in San Antonio’s inner-suburb fabric, the neighborhood surrounding 1919 Jamar Blvd is rated C among 595 metro neighborhoods and sits below the metro median on several fundamentals, yet it maintains characteristics that can underpin workforce housing demand. Grocery and park access are relative strengths — both are in the top quartile nationally — while restaurants are competitive as well. By contrast, pharmacies and cafés are sparse, suggesting residents rely on broader trade areas for some daily needs.
The housing stock skews older than the metro average (average neighborhood construction is 1994), and this 1972 property is older still — an age profile that points to potential renovation upside alongside prudent capital planning. Neighborhood renter-occupied share is elevated (44.8%, above the metro median and high in national terms), indicating a deeper tenant base for multifamily leasing. However, neighborhood occupancy is in the lower tier among 595 San Antonio–New Braunfels neighborhoods, so underwriting should emphasize leasing strategy and retention.
Within a 3-mile radius, households have grown in recent years and are projected to continue increasing through the mid‑term, even as overall population trends modestly contract — a pattern consistent with smaller average household sizes and a gradually expanding renter pool. Median contract rents in the neighborhood remain comparatively accessible versus many U.S. submarkets, which can support lease-up and renewal velocity, though rent-to-income levels suggest operators should balance pricing with retention risk. These dynamics are based on CRE market data from WDSuite.
Schools in the area score below national averages, which may limit appeal to some household segments but often aligns with workforce renter profiles. Home values are lower than many peer markets, which can introduce some competition from entry-level ownership; even so, the high renter concentration and serviceable amenity base (notably groceries and parks) help sustain multifamily demand and day-to-day livability.
Safety indicators for the neighborhood track below national and metro averages. The area ranks in the lower half among 595 San Antonio–New Braunfels neighborhoods, and its national percentiles indicate higher crime exposure relative to many U.S. neighborhoods. That said, year-over-year trends show improvement, with property and violent offense rates edging down, suggesting conditions are moving in a constructive direction.
For underwriting, frame security and operating practices to the submarket: emphasize lighting, access control, and resident engagement, and reflect the below-metro safety standing in contingency planning and insurance assumptions. Use local comps to calibrate achievable rent premiums against enhanced safety measures.
Proximity to major corporate employers supports a broad workforce renter base and commute convenience. Key nearby anchors include iHeartMedia, USAA’s headquarters and related offices, USAA Federal Savings Bank, and Valero Energy.
- Iheartmedia — corporate offices (8.2 miles) — HQ
- Usaa — corporate offices (9.6 miles) — HQ
- Usaa Ops Building — corporate offices (9.8 miles)
- USAA Federal Savings Bank — corporate offices (10.1 miles)
- Valero Energy — corporate offices (13.6 miles) — HQ
This 48‑unit, 1972 asset aligns with a classic value‑add thesis: older vintage relative to the neighborhood average suggests room for renovations that improve competitive positioning, while high renter concentration in the immediate area supports a consistent tenant base. According to commercial real estate analysis from WDSuite, neighborhood occupancy trends trail metro levels, so business plans should prioritize leasing execution, resident retention, and cost‑effective upgrades that translate into durable NOI rather than outsized premiums.
Within a 3‑mile radius, households have increased and are projected to continue growing, expanding the renter pool even as total population trends modestly down — a dynamic that can support occupancy stability when paired with prudent pricing. Lower home values locally may present some competition from entry‑level ownership, but accessible rent levels and proximity to large employers can sustain demand for workforce housing.
- 1972 vintage offers value‑add and modernization potential relative to newer metro stock.
- Elevated renter-occupied share indicates depth of tenant demand for multifamily.
- Household growth within 3 miles supports leasing and renewal strategies despite softer occupancy at the neighborhood level.
- Nearby corporate anchors (USAA, iHeartMedia, Valero) reinforce workforce renter draw.
- Risks: below‑metro safety standing, lower school performance, and competition from ownership options; underwrite to conservative rent growth and enhanced operations.