| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Best |
| Demographics | 49th | Good |
| Amenities | 58th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6020 Danny Kaye Dr, San Antonio, TX, 78240, US |
| Region / Metro | San Antonio |
| Year of Construction | 1983 |
| Units | 100 |
| Transaction Date | 2019-04-08 |
| Transaction Price | $11,350,000 |
| Buyer | 6020 DANNY KAYE DRIVE LLC |
| Seller | OAKDELL PARTNERS LLC |
6020 Danny Kaye Dr San Antonio Multifamily Investment
Neighborhood occupancy has remained stable with a positive multi-year trend, according to WDSuite's CRE market data, supporting consistent renter demand around this Urban Core location. All metrics referenced reflect the surrounding neighborhood, not the property.
Situated in San Antonio's Urban Core, the neighborhood ranks 82 out of 595 metro neighborhoods (A rating), placing it in the top quartile locally for overall fundamentals. Everyday conveniences score well above national norms for groceries, pharmacies, and restaurants, while cafe and park density are limited, modestly reducing walk-to-amenity variety.
Rents are competitive among San Antonio neighborhoods (rank 156 of 595) with steady five-year growth, and the neighborhood occupancy rate trends above the metro median and in higher national percentiles. The share of housing units that are renter-occupied is very high (rank 25 of 595; near the top nationally), indicating a deep tenant base that supports occupancy stability and leasing velocity. The rent-to-income profile looks manageable from a retention standpoint, while a higher value-to-income ratio than many U.S. areas suggests a high-cost ownership market that can sustain multifamily demand.
Within a 3-mile radius, WDSuite indicates recent population growth and a stronger increase in households, expanding the renter pool. Forecasts point to continued household growth alongside smaller average household sizes, a combination that typically enlarges the tenant base and supports renewal performance. These dynamics can inform multifamily property research on unit mix, amenity priorities, and lease management.
Vintage and competitiveness: The property's 1983 construction is older than the neighborhood's average vintage (2000). Investors should plan for system upgrades and common-area improvements, but the vintage also presents value-add and repositioning opportunities versus newer stock if interiors and amenities are modernized to current expectations.
Schools and livability: Average school ratings in the neighborhood sit below national norms, which may matter for family-leaning demand. Offsetting factors include strong access to daily conveniences (groceries, pharmacies, and restaurants), which supports a broad renter profile.
Neighborhood safety benchmarks trail both metro and national comparisons. Relative to San Antonio, the area ranks 426 out of 595 neighborhoods, and national percentiles indicate lower comparative safety. Recent trendlines are mixed: estimated property offenses have edged down year over year, while estimated violent offenses increased. These are neighborhood-level indicators and not specific to the asset.
Underwriting typically accounts for safety through operational focus and capital planning (lighting, access controls, and visibility). Tracking local trendlines and comparable submarkets can help calibrate marketing and retention strategies.
A large nearby employment base supports workforce housing demand and retention through short commutes. Notable employers include USAA's headquarters and operations, Valero Energy, and iHeartMedia.
- USAA — insurance & financial services (2.1 miles) — HQ
- USAA Ops Building — insurance operations (2.2 miles)
- USAA Federal Savings Bank — banking (2.3 miles)
- Valero Energy — energy (5.3 miles) — HQ
- iHeartMedia — media (7.1 miles) — HQ
This 100-unit, 1983-vintage property is positioned in a neighborhood that ranks in the top quartile locally and demonstrates above-median metro occupancy, with a renter-occupied housing share near the top nationally. Based on CRE market data from WDSuite, rents are competitive among San Antonio neighborhoods and the surrounding 3-mile area shows growth in households, expanding the tenant base and supporting leasing stability.
The older vintage introduces capital planning needs but also creates clear value-add potential relative to newer stock, particularly if renovations target interior finishes, energy systems, and community amenities. Ownership costs in the area are relatively elevated versus incomes, which can reinforce reliance on multifamily housing and support renewal performance; at the same time, safety indicators warrant prudent underwriting and operational focus.
- Above-median metro occupancy and deep renter pool support day-to-day stability
- 3-mile household growth expands the tenant base and aids leasing velocity
- 1983 vintage offers value-add and repositioning upside with targeted capex
- Proximity to USAA and Valero underpins white-collar renter demand
- Risk: safety benchmarks trail metro and national comparisons; plan for operational mitigations