| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Fair |
| Demographics | 43rd | Fair |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2323 Bear Springs Dr, San Antonio, TX, 78245, US |
| Region / Metro | San Antonio |
| Year of Construction | 1987 |
| Units | 104 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2323 Bear Springs Dr San Antonio Multifamily Investment
Neighborhood occupancy has held firm at high levels, supporting steady cash flow potential for stabilized operations, according to WDSuite’s CRE market data. The area’s rent-to-income dynamics suggest manageable affordability pressure that can aid retention if lease management stays disciplined.
Situated in an inner-suburban pocket of San Antonio-New Braunfels, the neighborhood posts strong renter demand signals: neighborhood occupancy trends sit in the top quartile among 595 metro neighborhoods, indicating comparatively resilient leasing conditions. While these metrics describe the surrounding neighborhood rather than the property, they point to a supportive backdrop for multifamily performance.
Livability is anchored by everyday conveniences rather than destination amenities. Restaurant density is competitive for the metro, and grocery access tracks close to national mid-range, though parks, pharmacies, and cafes are comparatively limited. For investors, this mix supports workforce housing positioning but may require onsite features or partnerships to elevate resident experience.
Construction patterns skew newer locally, with an average neighborhood vintage around 2018. At 1987, the property’s vintage is older than nearby inventory, which can translate to value-add potential through interior renovations, energy systems modernization, and curb-appeal upgrades—balanced by capital planning for aging components.
Within a 3-mile radius, demographic data show population and household growth alongside a gradual reduction in average household size. This combination typically expands the renter pool and supports occupancy stability, particularly for well-managed, right-sized units. Household incomes in the 3-mile area trend healthy for the metro, bolstering effective rent collections without overreliance on top-end pricing.
Ownership costs in this submarket are relatively accessible compared with many U.S. metros, which can create some competition with entry-level ownership. Even so, the neighborhood’s rent-to-income profile and stable occupancy suggest durable renter demand, with lease retention supported by practical affordability rather than premium amenity pull.
Safety indicators for the neighborhood sit below the national median, signaling that investors should underwrite to attentive property management and lighting, access control, and community engagement. In the San Antonio-New Braunfels context, the area trends around the middle of the pack among 595 neighborhoods.
Encouragingly, recent estimates indicate a year-over-year reduction in property offenses in the neighborhood, suggesting conditions may be improving. These figures are neighborhood-level—not property-specific—and should be paired with on-the-ground diligence and operating best practices.
The employment base within a commutable radius is anchored by financial services, energy, and media, supporting a broad white-collar renter pool and commute convenience for residents. Notable nearby employers include USAA, Valero Energy, and iHeartMedia, all reflected below.
- USAA — insurance & financial services (11.9 miles) — HQ
- USAA Ops Building — insurance operations (12.1 miles)
- USAA Federal Savings Bank — banking (12.1 miles)
- Valero Energy — energy (14.1 miles) — HQ
- iHeartMedia — media (14.8 miles) — HQ
This 104-unit, 1987-vintage asset aligns with a submarket where neighborhood occupancy is comparatively strong, pointing to steady demand for well-managed communities. Newer surrounding stock (on average) underscores competitive pressure on finishes; however, it also highlights clear value-add pathways through targeted renovations and systems upgrades. Based on CRE market data from WDSuite, neighborhood rent levels and rent-to-income dynamics indicate manageable affordability pressure that can support retention when paired with disciplined renewals and resident service.
Within a 3-mile radius, population and household counts have expanded, while smaller household sizes point to more renters entering the market and a broader tenant base over time. The area’s ownership landscape remains relatively accessible by national standards, which can create some competition with first-time buying but also sustains demand for well-located, professionally operated rentals that deliver convenience and predictability.
- Strong neighborhood occupancy supports stable leasing and cash flow potential
- 1987 vintage offers clear value-add and modernization upside versus newer nearby stock
- 3-mile population and household growth expands the tenant base, aiding absorption and retention
- Rent-to-income profile suggests manageable affordability pressure for renewal strategies
- Risks: amenity limitations and below-median safety metrics require proactive operations and targeted capex