| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 56th | Good |
| Amenities | 36th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3935 Thousand Oaks Dr, San Antonio, TX, 78217, US |
| Region / Metro | San Antonio |
| Year of Construction | 1983 |
| Units | 72 |
| Transaction Date | 2013-06-20 |
| Transaction Price | $7,347,500 |
| Buyer | WATERFORD PORTFOLIO INC |
| Seller | AMERICAN OPPORTUNITY FOR HOUSING WATERFO |
3935 Thousand Oaks Dr San Antonio Multifamily Opportunity
Neighborhood fundamentals point to steady renter demand and high occupancy in the immediate area, according to WDSuite’s CRE market data. These metrics describe the surrounding neighborhood, not this specific property, and suggest a stable backdrop for income-focused investors.
This Inner Suburb location in San Antonio-New Braunfels ranks 164 out of 595 metro neighborhoods (B+), placing it above the metro median. Neighborhood occupancy is strong (top quartile nationally by percentile), and the area shows a high share of renter-occupied housing units, indicating a deeper tenant base for multifamily operators. These readings are for the neighborhood and can support stable leasing conditions.
Livability signals are mixed but serviceable for workforce renters. Parks access is competitive nationally (around the top quartile), and grocery availability is solid relative to many areas, while cafes, restaurants, and pharmacies are comparatively sparse. Childcare access trends above national norms, which can aid retention for family renters. School rating data is limited at this time.
The typical building stock nearby skews mid-1980s; this property was built in 1983, which may require capital planning for systems and common areas. That vintage can also support value-add repositioning to compete against newer product and push effective rents when renovations are targeted.
Within a 3-mile radius, recent population change has been flat to slightly negative, but households have inched higher and are projected to expand further with smaller average household sizes. That combination generally means a larger renter pool over time and supports occupancy stability even without outsized in-migration.
Ownership costs in the surrounding area are moderate for the metro, and rent-to-income readings suggest manageable affordability pressure. For operators, this typically supports lease retention while leaving room for measured pricing actions tied to renovation scope and amenity positioning.
Safety indicators for the neighborhood are below national averages, with rankings that place the area in the less competitive half of San Antonio neighborhoods (332 out of 595). National percentiles also point to elevated property and violent offense exposure relative to many U.S. neighborhoods.
Recent trends show improvement, with estimated one-year declines in both violent and property offenses. Investors typically account for these conditions through property-level security measures, resident screening, and partnership with local community resources, while monitoring whether the improving trajectory continues.
Proximity to several headquarters-scale employers supports commute convenience and broad renter demand, particularly across energy, media, and financial services. The nearby employment base includes CST Brands, Andeavor, iHeartMedia, USAA, and Valero Energy.
- Cst Brands — energy/retail (4.4 miles) — HQ
- Andeavor — energy (4.5 miles) — HQ
- Iheartmedia — media (6.0 miles) — HQ
- Usaa — financial services (9.4 miles) — HQ
- Valero Energy — energy (11.4 miles) — HQ
Built in 1983 with a 72-unit scale, the asset sits in a neighborhood that shows high occupancy and a strong renter-occupied share, signaling depth of tenant demand. Household counts within 3 miles have been edging up and are projected to rise further as average household size declines, a setup that generally supports leasing stability and measured rent growth. Based on CRE market data from WDSuite, ownership costs nearby are moderate for the metro and rent-to-income levels suggest room for value creation through targeted renovations and amenity upgrades.
The vintage implies thoughtful capital planning—mechanicals, exterior systems, and interiors may offer value-add upside to compete with newer stock. While neighborhood safety metrics trail national norms, recent improvement and the presence of large employment nodes within an easy commute can underpin demand and retention when paired with disciplined operations.
- High neighborhood occupancy and strong renter concentration support income stability
- 1983 vintage presents clear value-add levers for competitive repositioning
- Household growth and smaller household sizes within 3 miles expand the renter pool
- Moderate ownership costs reinforce demand for multifamily versus buying
- Risk: below-average safety metrics; mitigate with security, screening, and community engagement