| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Fair |
| Demographics | 32nd | Fair |
| Amenities | 52nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2003 Oakhill Rd, San Antonio, TX, 78238, US |
| Region / Metro | San Antonio |
| Year of Construction | 1983 |
| Units | 104 |
| Transaction Date | 2015-07-27 |
| Transaction Price | $5,400,000 |
| Buyer | 2003 Oak Hill LLC |
| Seller | 1st Choice Mgmt Group |
2003 Oakhill Rd, San Antonio TX — 104-Unit Value-Add Multifamily
Neighborhood occupancy is in the mid-90s and renter demand is supported by nearby employment, according to WDSuite s CRE market data. With 1980s vintage construction, the asset presents operational scale and potential renovation upside in an inner-suburban location.
The property sits in an Inner Suburb of San Antonio-New Braunfels rated B and positioned above the metro median among 595 neighborhoods. Local occupancy in the neighborhood (not the property) is strong and has trended upward over the past five years, supporting income stability. Median contracted rents in the neighborhood remain accessible relative to incomes, which can aid lease retention and steady absorption.
Livability is mixed: restaurants and daily needs test well versus national peers (restaurants around the 82nd percentile, groceries near the 77th, pharmacies near the 79th), while parks and cafes are limited within the neighborhood. Average school ratings are below national norms, which may modestly constrain family-oriented demand, but workforce renters may prioritize commute efficiency and value.
Construction vintage in the area skews newer (average 1994), while this asset was built in 1983. For investors, the older vintage points to capital planning and targeted renovations to enhance competitive positioning versus newer stock, with potential to capture incremental rent through modernization.
Tenure dynamics indicate a balanced renter base: roughly half of neighborhood housing units are renter-occupied, signaling depth for multifamily demand without oversaturation. Within a 3-mile radius, the population has inched higher while the household count has expanded more meaningfully and average household size has declined, implying a larger tenant base and continued need for rental options. Rising household incomes in the same radius and manageable rent-to-income ratios at the neighborhood level support lease stability and measured pricing power.
Safety compares differently at metro and national scales. Within the San Antonio-New Braunfels metro, the neighborhood ranks above the metro median for safety among 595 neighborhoods, indicating it is competitive locally. Nationally, however, safety percentiles are lower, meaning conditions are less favorable than many U.S. neighborhoods. Recent trend data shows year-over-year declines in both property and violent offense estimates, suggesting improving momentum, though investors should still underwrite prudent security and operating practices.
Proximity to major corporate campuses underpins workforce housing demand and supports retention, with large financial services and energy employers within a 6–10 mile commute. The list below reflects nearby anchors likely to influence leasing fundamentals.
- USAA — financial services HQ campus (5.9 miles) — HQ
- Usaa Ops Building — financial services operations (6.1 miles)
- USAA Federal Savings Bank — banking operations (6.2 miles)
- iHeartMedia — media & broadcasting (8.3 miles) — HQ
- Valero Energy — energy & refining (9.2 miles) — HQ
Built in 1983 with 104 units, the asset offers operational scale and a clear value-add path relative to a neighborhood stock that averages 1994. Neighborhood occupancy is healthy and trending upward, supporting income durability. Home values are comparatively accessible for the metro, which can introduce some competition with ownership, yet rent-to-income levels and a balanced renter concentration point to a resilient tenant base.
Within a 3-mile radius, modest population growth alongside a faster increase in households and smaller household sizes implies a larger renter pool over time. According to CRE market data from WDSuite, neighborhood rents remain relatively manageable versus incomes, which can aid retention while allowing for targeted renovation-driven rent lifts where interiors and systems are modernized.
- Strong neighborhood occupancy and upward trend support cash flow stability
- 1983 vintage offers renovation and repositioning potential versus newer 1990s stock
- Proximity to major employers (USAA, Valero) deepens workforce renter demand
- Manageable rent-to-income dynamics support retention and selective pricing power
- Risks: below-average school ratings and nationally weaker safety profile warrant conservative underwriting and asset management