| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Poor |
| Demographics | 20th | Poor |
| Amenities | 59th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4303 Blanco Rd, San Antonio, TX, 78212, US |
| Region / Metro | San Antonio |
| Year of Construction | 1974 |
| Units | 100 |
| Transaction Date | 2019-08-30 |
| Transaction Price | $7,374,000 |
| Buyer | Dry Towels LLC |
| Seller | SA Dunes, LLC |
4303 Blanco Rd, San Antonio Multifamily Investment
Neighborhood occupancy has trended stable and renter demand is supported by broad-based affordability, according to WDSuite’s CRE market data. The location’s everyday convenience positions the asset for steady leasing with careful operations.
Located in an inner-suburban pocket of San Antonio, the neighborhood scores a B- and sits around the metro middle overall (rank 330 of 595). Occupancy in the neighborhood is competitive among San Antonio-New Braunfels neighborhoods, and rent-to-income levels indicate manageable affordability that can support retention and steady collections.
Daily-needs access is a strength: grocery stores rank near the top of the metro (29 of 595) and are in the top quartile nationally, with parks and restaurants also testing well above national averages. By contrast, pharmacy and café density are limited, so residents lean on nearby corridors for some services. Average school ratings in the area are lower nationally, which may shape tenant mix toward workforce and young adult households rather than families prioritizing top-rated schools.
The property’s 1974 vintage is slightly newer than the neighborhood’s average construction year (1966). For investors, that supports relative competitiveness versus older stock, while still warranting capital planning for building systems and common-area upgrades to sharpen positioning against renovated peers.
Within a 3-mile radius, demographics show a modest population dip over five years but an increase in households and smaller average household sizes. This combination typically expands the renter pool and supports occupancy stability for well-managed multifamily assets. Renter-occupied share is roughly half of housing units in this radius, indicating a deep tenant base for mid-market product.
Safety indicators for the neighborhood track below national norms (national percentiles are lower), placing it behind many U.S. neighborhoods on comparative safety. Within the metro, it is not among the top-performing safety cohorts.
That said, WDSuite’s data show a notable year-over-year decline in estimated property offenses, signaling some recent improvement. Investors should underwrite with prudent security, lighting, and access-control plans and consider the operating upside associated with continued stabilization.
The area draws from a diverse employment base anchored by media and financial services headquarters, which supports commuting convenience and steady renter demand for workforce housing. Key nearby employers include iHeartMedia and USAA, along with major financial services operations and energy corporates.
- Iheartmedia — media headquarters (1.9 miles) — HQ
- Usaa — financial services (5.1 miles) — HQ
- Usaa Ops Building — financial services operations (5.3 miles)
- USAA Federal Savings Bank — banking services (5.5 miles)
- Valero Energy — energy corporate offices (9.2 miles) — HQ
This 100-unit, 1974-vintage asset benefits from stable neighborhood occupancy, everyday conveniences, and access to a diversified employment base. According to CRE market data from WDSuite, rents remain relatively manageable versus incomes locally, which supports tenant retention and reduces leasing volatility when combined with thoughtful renewal strategies.
Household counts within a 3-mile radius have increased despite slight population contraction, and are projected to grow further alongside smaller household sizes—dynamics that typically expand the renter pool and sustain demand for multifamily units. The vintage offers value-add potential through targeted modernization of interiors and systems, while investors should underwrite conservative assumptions around safety and school-driven demand.
- Competitive neighborhood occupancy and rent-to-income balance support leasing stability
- Everyday-needs access (grocery, parks, restaurants) enhances resident retention
- Diverse nearby employers, including media and financial services HQs, broaden renter demand
- 1974 vintage provides value-add and systems-upgrade pathways to drive NOI
- Risks: below-average safety metrics and lower school ratings warrant conservative underwriting