| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Poor |
| Demographics | 4th | Poor |
| Amenities | 29th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4243 W Commerce St, San Antonio, TX, 78237, US |
| Region / Metro | San Antonio |
| Year of Construction | 1998 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4243 W Commerce St San Antonio Multifamily Opportunity
Neighborhood occupancy trends are holding above the metro median, suggesting steadier leasing for smaller assets, according to WDSuite s CRE market data.
The property sits in an Inner Suburb of San Antonio where neighborhood occupancy is above the metro median and in the upper half nationally, supporting baseline stability for a 21-unit asset. Renter-occupied housing is prevalent here (top quartile nationally), indicating a deep tenant base and consistent demand for multifamily product rather than a primarily ownership-driven market.
Local amenities are mixed: grocery access and restaurants rank competitively against both the metro and national landscape, while parks, pharmacies, cafes, and childcare are comparatively sparse. For investors, that blend points to everyday convenience that can aid retention, with fewer lifestyle amenities that may modestly cap rent premiums versus amenity-rich submarkets.
Within a 3-mile radius, households have grown even as average household size has trended smaller, expanding the number of renting decision-makers and supporting demand for well-managed, mid-size units like the property s reported average of 724 square feet. Forward-looking data also indicates more households forming alongside a continued decrease in household size, which typically supports leasing velocity for efficient floor plans.
Home values in the immediate neighborhood are lower relative to national norms, which can create some competition from entry-level ownership. However, median contract rents and rent-to-income levels signal manageable affordability pressure, favoring steady occupancy and lease retention over outsized pricing power.
The asset s 1998 vintage is newer than the neighborhood s older housing stock (average 1972), providing a relative competitive edge versus legacy assets. Investors should still plan for age-related system updates and targeted renovations to sustain positioning and capture value-add upside.
Safety indicators for the neighborhood trail both metro and national benchmarks. Relative to 595 San Antonio New Braunfels neighborhoods, crime ranks in the lower half, indicating below-metro-average safety conditions. Nationally, the area compares in the lower percentiles, so underwriting commonly incorporates active property management, lighting, and security measures alongside resident screening to support retention and asset performance.
Recent one-year trend signals show modest increases in both property and violent offense estimates. Investors typically weigh these trends with rent levels, renter concentration, and on-site controls when shaping operating assumptions and capital plans.
Proximity to major employers anchors the local renter base with stable, commute-friendly demand, particularly in media and financial services as well as energy. Nearby employers include iHeartMedia, USAA (corporate, banking, and operations), and Valero Energy.
- iHeartMedia media (5.9 miles) HQ
- USAA financial services (7.4 miles) HQ
- USAA Ops Building operations (7.6 miles)
- USAA Federal Savings Bank banking (7.8 miles)
- Valero Energy energy (11.5 miles) HQ
This 1998, 21-unit asset benefits from neighborhood fundamentals that skew renter-heavy, with occupancy above the metro median and nationally competitive. The unit mix average size of 724 square feet aligns with a 3-mile radius showing more households and smaller household sizes, supporting depth for efficient floor plans and steady lease-up. According to CRE market data from WDSuite, local home values sit well below national averages while rent burdens remain moderate, favoring stable occupancy even if rent growth is more measured.
Strategically, the property s relatively newer vintage versus the neighborhood s older housing stock offers a positioning advantage, while still leaving room for targeted value-add (interiors, common areas, and building systems) to strengthen retention and rent trade-outs. Key risks include below-average neighborhood safety and limited park and cafe density, alongside some competition from accessible ownership options all manageable through conservative underwriting, security enhancements, and focused renovations.
- Renter-heavy area and above-median neighborhood occupancy support leasing stability
- 1998 vintage out-positions older local stock while allowing targeted value-add
- Household growth within 3 miles and smaller household sizes bolster demand for mid-size units
- Proximity to major employers (media, financial services, energy) supports retention
- Risks: below-metro-average safety, limited parks/cafes, and competition from entry-level ownership