| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 40th | Poor |
| Demographics | 11th | Poor |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 538 Hot Wells Blvd, San Antonio, TX, 78223, US |
| Region / Metro | San Antonio |
| Year of Construction | 1976 |
| Units | 24 |
| Transaction Date | 2017-01-25 |
| Transaction Price | $3,233,800 |
| Buyer | LE GORDITO LLC |
| Seller | REYNOSO GUILLERMO |
538 Hot Wells Blvd, San Antonio Multifamily Investment
Everyday retail access and a deep renter base support steady demand in this inner-suburban pocket, according to WDSuite s CRE market data. Mixed but serviceable neighborhood occupancy trends suggest disciplined lease management can sustain performance.
The property sits in an Inner Suburb of San Antonio where grocery and pharmacy proximity are relative strengths for residents. The neighborhood ranks 88th for grocery access and 35th for pharmacies among 595 metro neighborhoods, indicating convenient daily needs and helping support renter retention. Restaurant density is competitive nationally, while parks, cafes, and childcare are less prevalent nearby, an operational consideration for resident experience.
Renter-occupied housing is a defining characteristic here: the neighborhood 7s renter concentration places it in the top quartile among 595 San Antonio metro neighborhoods. For multifamily owners, that depth of renter households points to a broader tenant base and resilient leasing pipelines even as overall occupancy at the neighborhood level sits below the metro median.
Within a 3-mile radius, recent years show a small population dip alongside a modest increase in household counts, implying smaller household sizes and a slightly expanding tenant universe. Forward-looking projections within the same 3-mile radius point to population growth and a notable increase in households, which supports future renter pool expansion and can aid occupancy stability for well-operated assets.
Home values remain on the lower end compared with national benchmarks, which can introduce some competition from ownership options. That said, rent levels relative to incomes suggest manageable affordability pressure, which can support lease retention and measured pricing power for value-focused units.
Safety indicators in this neighborhood trend below national averages and sit below the San Antonio metro median, based on WDSuite 7s CRE market data. In metro terms, the area ranks in the lower half (crime rank 432 of 595), signaling that investors should account for elevated security and property management attention compared with stronger-ranked subareas.
Recent momentum is mixed: property offenses have eased slightly year over year, while violent offenses show an uptick. Framing safety in resident communications, visible on-site measures, and coordination with local resources can help support resident confidence and leasing stability over time.
Nearby corporate employment centers provide diversified white-collar demand drivers and manageable commutes for residents. The list below highlights prominent media, financial services, and energy employers within typical drive times that can underpin renter demand and retention.
- Iheartmedia media corporate offices (8.7 miles) HQ
- Usaa financial services corporate offices (13.4 miles) HQ
- Usaa Ops Building financial services operations (13.6 miles)
- USAA Federal Savings Bank financial services (13.9 miles)
- Andeavor energy corporate offices (17.1 miles) HQ
This 1976 vintage asset is newer than much of the area 7s housing stock, offering relative competitiveness versus older product while still warranting targeted system updates typical for its age. The neighborhood 7s strong renter concentration and convenient access to grocery and pharmacy options can support tenant retention, even as neighborhood occupancy trends are below the metro median. According to CRE market data from WDSuite, local home values remain comparatively low, which may create some competition from ownership; however, rent-to-income dynamics indicate manageable affordability pressure that can sustain steady demand for value-oriented units.
Within a 3-mile radius, household counts have risen despite prior population softness, and projections point to population growth and a meaningful increase in households over the next five years. For investors, that supports a larger tenant base and potential occupancy stability with disciplined operations and renovations that align with workforce demand.
- Newer-than-neighborhood-average 1976 vintage supports competitive positioning with selective modernization upside
- Deep renter-occupied housing base in the neighborhood underpins leasing pipelines
- Everyday retail access (grocery/pharmacy) aids retention and resident convenience
- 3-mile projections show population and household growth, supporting tenant base expansion
- Risks: below-metro-median safety metrics and some competition from ownership options require focused management