| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Poor |
| Demographics | 29th | Fair |
| Amenities | 30th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2710 W Ashby Pl, San Antonio, TX, 78201, US |
| Region / Metro | San Antonio |
| Year of Construction | 1981 |
| Units | 95 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2710 W Ashby Pl San Antonio Multifamily Opportunity
Positioned in an inner-suburb pocket of San Antonio, this 95-unit asset offers exposure to a renter base supported by nearby employment and relatively accessible rents, according to WDSuite’s CRE market data. Neighborhood occupancy figures reference the surrounding area, not this property, and point to a lease-up strategy focused on value, durability, and service to sustain retention.
The property sits in an Inner Suburb of San Antonio where daily needs are convenient: restaurants are dense relative to the metro (competitive among San Antonio-New Braunfels neighborhoods and in the top quartile nationally), and grocery access is similarly strong (also top quartile among 595 metro neighborhoods and high nationally). By contrast, parks, pharmacies, childcare, and cafes are limited in the immediate neighborhood, suggesting onsite amenities and resident services can differentiate versus local supply.
Neighborhood renter concentration is above many areas (renter-occupied share ranks competitive among San Antonio-New Braunfels neighborhoods and above the national median), indicating a deeper tenant base for multifamily operators. However, the neighborhood s occupancy rate is below the metro median and lower in national comparison, so underwriting should prioritize conservative absorption and tenant retention.
The asset s construction year is 1981, newer than the neighborhood s average vintage. That positioning can be competitive against older local stock while still leaving room for targeted capital projects (systems, interiors, and curb appeal) to drive value-add outcomes and reduce ongoing maintenance variability.
Within a 3-mile radius, demographics point to mixed signals for demand: total population has edged down over recent years, yet household counts have increased and are projected to grow further, implying smaller household sizes and a broader base of renters entering the market. Median home values in the neighborhood sit in a high-cost ownership range relative to local incomes (above the national median by percentile), which tends to support reliance on rental housing and provides some pricing power when paired with a rent-to-income ratio around the middle of national ranges. Taken together, these dynamics support steady renter interest, with performance hinging on affordability and service.
Safety conditions in the surrounding neighborhood compare weaker than national averages, with low national percentiles for both property and violent offenses, based on WDSuite s data. That said, recent trends show improvement year over year, with property offense rates declining markedly and violent offenses easing modestly. Investors may want to calibrate operating plans around lighting, access control, and community engagement, and consider how improving trends can be sustained.
Nearby corporate offices anchor a broad employment base that supports renter demand and commute convenience, led by iHeartMedia, USAA, and energy sector employers including Valero Energy. These nodes help stabilize leasing by drawing a steady workforce within manageable drive times.
- Iheartmedia — media & corporate offices (4.5 miles) — HQ
- Usaa — insurance & financial services (6.1 miles) — HQ
- Usaa Ops Building — insurance operations (6.3 miles)
- USAA Federal Savings Bank — banking services (6.6 miles)
- Valero Energy — energy & corporate offices (10.3 miles) — HQ
This 95-unit, 1981-vintage property offers a practical value-add platform in an inner-suburban San Antonio location with strong restaurant and grocery access but limited competing lifestyle amenities nearby. The neighborhood shows a higher share of renter-occupied housing than many peers, while the 3-mile trade area exhibits rising household counts despite softer population totals, pointing to a broadening tenant base. Neighborhood occupancy trails metro norms, so execution should emphasize affordability, durable finishes, and resident services to drive retention and limit turnover volatility. According to CRE market data from WDSuite, ownership remains relatively high-cost versus local incomes in this area, which typically supports continued reliance on rental housing when paired with mid-range rent-to-income levels.
Relative to older local stock, 1981 construction can compete on systems and layout while still presenting room for modernizations that may improve rentability. With accessible commute corridors to major employers and improving safety trends, the thesis centers on operational excellence and selective capital to capture steady demand without relying on outsized rent growth assumptions.
- Inner-suburban location with strong restaurant and grocery access supports daily convenience and leasing appeal
- Above-average renter concentration indicates a deeper tenant base for multifamily demand
- 1981 vintage provides value-add potential to modernize interiors/systems and strengthen competitive positioning
- Household growth within 3 miles expands the renter pool even as population trends soften
- Risks: neighborhood occupancy below metro norms and weaker safety metrics require conservative underwriting and active management