| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Poor |
| Demographics | 9th | Poor |
| Amenities | 51st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4426 N Hein Rd, San Antonio, TX, 78220, US |
| Region / Metro | San Antonio |
| Year of Construction | 2008 |
| Units | 28 |
| Transaction Date | 2007-05-30 |
| Transaction Price | $843,800 |
| Buyer | OZ-HEIN TULIP LLC |
| Seller | TWO TEN VENTURES LLC |
4426 N Hein Rd San Antonio Multifamily Investment
Neighborhood occupancy has held near the metro median with a sizable renter-occupied housing base, according to WDSuite’s CRE market data, supporting steady leasing potential for a 2008-built asset. Grocery and pharmacy access are strengths, while limited parks and cafes suggest demand is driven more by everyday convenience than lifestyle amenities.
Situated in an inner-suburb pocket of San Antonio, the area shows balanced fundamentals for workforce-oriented rentals. Neighborhood occupancy trends are around the metro midpoint, and renter-occupied housing accounts for a high share of units locally (measured at the neighborhood level), indicating depth in the tenant pool and potential support for leasing stability. Median contract rents in the neighborhood have risen over the last five years, though rent-to-income signals point to manageable affordability pressure that warrants routine lease management.
Daily convenience is a relative advantage. Grocery and pharmacy availability rank in the top quartile among 595 metro neighborhoods, while restaurants are competitive among San Antonio neighborhoods. By contrast, parks and cafes are scarce, so resident appeal leans more toward practical access than destination amenities. School ratings in the immediate neighborhood are limited, which may position the area more for adult and smaller-household demand than for top school-driven decisions.
The property’s 2008 construction is materially newer than the neighborhood’s older housing stock (average vintage 1974). That recency can help competitive positioning versus legacy assets, while investors should still plan for mid-life system updates and targeted modernization to support retention and rent trade-outs.
Within a 3-mile radius, WDSuite data shows modest recent population growth with a faster rise in households, and forecasts point to notable increases in both population and household counts by the mid-term. A gradually smaller average household size suggests more, smaller households entering the market, which can broaden the renter base and support occupancy continuity even if renter share trends shift modestly toward ownership at the metro level.
Safety conditions should be underwritten conservatively. The neighborhood ranks 247 out of 595 San Antonio–New Braunfels neighborhoods for crime, indicating higher incidents than the metro average, and it sits below the national median for safety. That said, both violent and property offense rates have improved year over year, with double-digit percentage declines, signaling a constructive recent trend. Investors may consider proactive measures such as lighting, access control, and resident engagement to support operations.
- Iheartmedia — media headquarters (7.1 miles) — HQ
- Usaa — financial services (13.1 miles) — HQ
- Usaa Ops Building — financial services operations (13.3 miles)
- USAA Federal Savings Bank — banking (13.6 miles)
- Andeavor — energy (14.4 miles) — HQ
This 28-unit, 2008-vintage asset benefits from a renter-heavy neighborhood and everyday retail access, supporting steady demand relative to older local stock. Neighborhood occupancy is around the metro median and has edged higher, while median contract rents have risen over five years. According to CRE market data from WDSuite, local household growth within a 3-mile radius has outpaced population growth and is forecast to accelerate, which can expand the tenant base and support occupancy stability.
Newer construction versus the area’s 1970s average vintage provides a competitive edge, though investors should budget for mid-life system updates and targeted value-add. Ownership costs in the broader area are relatively accessible, which can temper pricing power at the margin, but rising household incomes and employer depth across media, banking, and energy help underpin renter demand. Underwriting should incorporate neighborhood safety considerations and historically lower neighborhood-level NOI per unit versus national norms.
- 2008 construction offers competitive positioning against older local stock with potential value-add through modernization.
- Renter-occupied unit concentration and everyday retail access support leasing stability and retention.
- 3-mile household growth and forecasts suggest a larger tenant base, aiding occupancy and lease-up.
- Proximity to major employers (media, financial services, energy) provides durable demand drivers.
- Risks: higher-than-metro-average crime, relatively accessible ownership alternatives, and neighborhood NOI per unit trailing national norms.