| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Poor |
| Demographics | 51st | Good |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 601 N Santa Rosa, San Antonio, TX, 78207, US |
| Region / Metro | San Antonio |
| Year of Construction | 1977 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
601 N Santa Rosa, San Antonio — Renter Demand with Value-Add Potential
Neighborhood metrics point to strong renter concentration and convenient daily amenities, supporting a durable tenant base according to WDSuite’s CRE market data. Occupancy figures cited here reflect the surrounding neighborhood, not this specific property.
Located in San Antonio’s Inner Suburb, the neighborhood is competitive among 595 San Antonio–New Braunfels neighborhoods (ranked 145 of 595), with daily-life convenience anchored by high access to parks and groceries. Park density ranks 1st of 595 and grocery presence ranks 46th, both in the top decile nationally, while restaurants are abundant (10th of 595; top percentile nationally). Cafe and childcare densities are limited, which may temper live–work–play appeal for some renters.
The area’s housing stock skews older than the subject’s 1977 vintage (neighborhood average 1941). Newer relative to local stock, the property can compete on basic systems and functionality, though investors should still anticipate targeted modernization to maintain positioning versus newer deliveries.
Within a 3-mile radius, households have grown even as population edged down in recent years, indicating smaller average household sizes and a broader addressable renter pool. Forward-looking projections point to modest population growth and a notable increase in households, which supports leasing velocity and occupancy stability for multifamily. Renter-occupied housing represents a majority share locally, signaling depth in the tenant base rather than preference, and reinforcing ongoing demand for rental units.
Ownership remains a higher-cost path relative to local incomes (value-to-income ratio sits in the 91st national percentile), which tends to sustain reliance on multifamily rentals and can help pricing power and lease retention. Neighborhood rent-to-income ratios are elevated, however, so lease management and renewal strategies should account for affordability pressure.
Neighborhood occupancy is comparatively soft (ranked 559 of 595; lower national percentile), which may reflect competitive supply or turnover dynamics in this submarket. For underwritten assumptions, that suggests a focus on marketing, unit finish differentiation, and operations to capture demand that is present but discerning.
Safety conditions in the surrounding neighborhood trail broader metro and national comparisons, with crime ranking in the weaker half of San Antonio–New Braunfels neighborhoods (372 of 595). Nationally, safety percentiles are also lower, indicating below-average safety compared with neighborhoods nationwide.
Recent trends are mixed: estimated property offenses declined meaningfully year over year (improving trajectory; stronger national percentile on change), while estimated violent offenses increased over the same period. For investors, this favors security-conscious asset management and partnerships with local resources, while recognizing that trend improvement in property offenses can aid perception over time.
Proximity to media, financial services, and energy employers supports a steady commuter tenant base and can aid retention through convenient access to major job centers. The list below highlights nearby anchors most relevant to workforce demand.
- Iheartmedia — media (4.4 miles) — HQ
- Usaa — financial services (8.5 miles) — HQ
- Usaa Ops Building — financial services operations (8.7 miles)
- Valero Energy — energy (12.7 miles) — HQ
- Andeavor — energy (13.0 miles) — HQ
601 N Santa Rosa benefits from a renter-heavy neighborhood with strong daily amenities and access to major job nodes. Within a 3-mile radius, households are increasing and are projected to continue rising, which points to a larger tenant base and supports occupancy stability. The 1977 construction is newer than much of the surrounding housing stock, offering a platform for value-add improvements that can lift rents while maintaining competitive positioning. Based on CRE market data from WDSuite, elevated ownership costs relative to incomes in the area underpin sustained rental reliance, though neighborhood occupancy softness and rent-to-income pressure warrant disciplined underwriting and active asset management.
In sum, the thesis centers on workforce-driven demand, location convenience, and targeted renovations to capture upside, balanced against affordability sensitivities and submarket turnover dynamics.
- Renter-heavy neighborhood and rising household counts within 3 miles support a deeper tenant base.
- 1977 vintage is newer than local stock, creating value-add potential through modernization.
- Strong park and grocery access with abundant restaurants enhances day-to-day livability.
- Elevated ownership costs versus incomes reinforce multifamily demand and pricing power.
- Risks: softer neighborhood occupancy and rent-to-income pressure call for conservative underwriting and focused retention strategies.