| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Fair |
| Demographics | 43rd | Fair |
| Amenities | 30th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2551 San Pedro Ave, San Antonio, TX, 78212, US |
| Region / Metro | San Antonio |
| Year of Construction | 1976 |
| Units | 32 |
| Transaction Date | 2007-02-14 |
| Transaction Price | $500,000 |
| Buyer | SAN PEDRO 2551 LLC |
| Seller | MANOR SATX APTS LLC |
2551 San Pedro Ave San Antonio Multifamily Investment
Neighborhood renter demand is supported by a sizable renter-occupied base and steady occupancy, according to WDSuite’s CRE market data, positioning this asset for stable leasing in an inner-suburban location.
Situated in an Inner Suburb of San Antonio, the neighborhood carries a B- rating and offers everyday conveniences that matter for workforce renters. Dining density is strong — restaurant availability ranks competitive in the metro and in the top quartile nationally — while grocery access is also competitive for the San Antonio-New Braunfels region (595 neighborhoods). Parks, pharmacies, and cafes are comparatively sparse. For investors, this mix supports day-to-day needs and commute practicality, though limited green space and boutique retail nearby may temper premium positioning.
Housing and tenure signal durable multifamily demand. The neighborhood’s renter-occupied share is substantial, indicating depth in the tenant base, and the neighborhood occupancy rate has held roughly steady in recent years. With a rent-to-income ratio around 0.16 and home value-to-income ratios elevated versus many U.S. neighborhoods, ownership is a higher-cost path, which can sustain reliance on rentals and aid lease retention.
Within a 3-mile radius, demographics point to a gradually expanding renter pool: recent years show a small population dip alongside an increase in households, and projections indicate further household growth by 2028 as average household size trends down. These shifts are consistent with continued demand for smaller units and support for occupancy stability relative to the broader metro, based on CRE market data from WDSuite.
Vintage context: The property’s 1976 construction is newer than the neighborhood’s older housing stock (average vintage skews to the 1940s). That positioning can help competitiveness versus nearby legacy assets, while still warranting capital planning for aging systems and selective value-add to modernize finishes and common areas.
Safety conditions compare less favorably to national norms, but trends are improving. The area shows elevated violent and property crime relative to U.S. neighborhoods overall; however, year-over-year estimates indicate double-digit declines in both categories. Within the San Antonio-New Braunfels metro (595 neighborhoods), this location is competitive among peers rather than a bottom-tier outlier.
Investors should underwrite with prudent security and asset management assumptions while recognizing the recent downward trajectory in estimated offense rates, which can support leasing and retention if sustained.
Nearby corporate employment anchors support renter demand and commute convenience for workforce households, centered on media and large financial services offices and headquarters.
- Iheartmedia — media (2.6 miles) — HQ
- Usaa — financial services (6.8 miles) — HQ
- Usaa Ops Building — financial services operations (7.0 miles)
- USAA Federal Savings Bank — banking operations (7.3 miles)
- Valero Energy — energy (11.0 miles) — HQ
This 32-unit asset with average unit sizes around 454 sq. ft. fits local demand for smaller formats in an inner-suburban San Antonio setting. Neighborhood occupancy has remained steady and the renter-occupied share provides a deep tenant base, while elevated ownership costs versus incomes in the area tend to sustain reliance on multifamily housing. According to CRE market data from WDSuite, restaurant and grocery access is comparatively strong for the metro, supporting livability even as parks and pharmacies are less prevalent.
Built in 1976, the property is newer than much of the nearby housing stock, suggesting relative competitive positioning with room for targeted upgrades. Within a 3-mile radius, households have increased despite a modest population dip, and projections call for further household growth by 2028 as household sizes shrink — dynamics that can expand the renter pool and support occupancy stability. Underwriting should account for neighborhood safety considerations and ongoing capital needs tied to vintage.
- Inner-suburban location with strong dining and competitive grocery access that supports renter livability
- Substantial renter-occupied base and steady neighborhood occupancy underpin leasing stability
- 1976 vintage is newer than local stock, offering value-add potential with targeted modernization
- 3-mile household growth and smaller household sizes indicate a growing renter pool supporting absorption
- Risks: elevated crime versus national norms and amenity gaps (parks/pharmacies) warrant active management