| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Best |
| Demographics | 31st | Fair |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6292 Queens Castle, San Antonio, TX, 78218, US |
| Region / Metro | San Antonio |
| Year of Construction | 2004 |
| Units | 20 |
| Transaction Date | 2002-09-27 |
| Transaction Price | $162,500 |
| Buyer | CENTER ON INDEPENDENT LIVING COMMUNITY D |
| Seller | CAMBRIDGE VILLAGE HOME OWNERS ASSN |
6292 Queens Castle, San Antonio Multifamily Investment
Neighborhood occupancy is strong and renter demand is durable, according to WDSuite’s CRE market data, supporting a stable baseline for a 20-unit asset built in 2004. Positioning emphasizes attainable rents and everyday convenience rather than premium amenities.
The property sits in an inner-suburban pocket of San Antonio where neighborhood-level multifamily occupancy ranks in the top quartile nationally and is competitive among 595 metro neighborhoods. For investors, this indicates resilient lease-up and lower downtime relative to weaker submarkets.
Livability is anchored by everyday services: grocery and park access perform above national norms, while restaurants are competitive for the metro. By contrast, cafes, childcare, and pharmacies are relatively sparse nearby, so the location skews toward practical essentials rather than lifestyle retail.
Median home values in the neighborhood are on the lower side for the metro, yet the value-to-income ratio sits in a nationally high percentile, signaling a high-cost ownership market relative to local incomes. That backdrop tends to sustain reliance on multifamily rentals and can support pricing power, while the neighborhood’s rent-to-income profile suggests watching for affordability pressure in lease management.
Within a 3-mile radius, households have grown even as average household size has edged down, and forecasts point to further increases in households over the next five years. This combination implies a larger tenant base and more renters entering the market, which should help support occupancy stability and absorption for smaller floor plans. Based on CRE market data from WDSuite, the neighborhood’s renter-occupied share is above the national average, reinforcing depth in the tenant pool.
The asset’s 2004 vintage is newer than the neighborhood’s average building stock (late 1980s). That relative youth can enhance competitive positioning versus older properties, though investors should still budget for mid-life system updates and selective unit refreshes to capture value and maintain rentability.
Safety indicators for this neighborhood lag national benchmarks, placing it below the median nationally; however, year-over-year trends show meaningful improvement in both violent and property offense rates. In practical terms, current conditions warrant prudent operating practices, while the improving trajectory reduces downside risk compared with flat or worsening areas.
Compared with other San Antonio–New Braunfels neighborhoods (595 total), the area is not among the metro’s safest, but recent declines in estimated incident rates signal a positive direction. Investors should factor this into underwriting via security measures, tenant screening, and community engagement, recognizing that continued improvement can support retention and stabilize operating performance.
Proximity to major corporate employers supports a steady renter base and commute convenience for residents, with nearby headquarters in media and energy anchoring demand. The list below highlights the closest large employers likely to influence leasing and retention.
- Iheartmedia — media HQ (3.9 miles) — HQ
- Andeavor — energy HQ (9.4 miles) — HQ
- Cst Brands — energy retail HQ (9.6 miles) — HQ
- Usaa — financial services HQ (10.1 miles) — HQ
- Valero Energy — energy HQ (13.5 miles) — HQ
This 20-unit property at 6292 Queens Castle benefits from neighborhood fundamentals that favor renter demand: occupancy trends are strong for the metro and top quartile nationally, grocery and park access are solid, and the renter-occupied share is elevated. The 2004 vintage offers a relative edge over older nearby stock while leaving room for targeted value-add through system updates and interior enhancements. According to CRE market data from WDSuite, ownership costs relative to incomes are high at the neighborhood level, which can reinforce reliance on multifamily housing and underpin pricing power for well-managed units.
Investor considerations include safety metrics that trail national averages (with recent improvement), limited lifestyle amenities like cafes and childcare, and lease management around affordability as rents rise. Even so, 3-mile demographics point to growth in households and a gradually expanding renter pool, supporting occupancy stability for compact floor plans.
- Strong neighborhood occupancy and above-average renter concentration support durable demand
- 2004 vintage offers competitive positioning versus older stock with value-add potential
- Everyday convenience from groceries/parks and proximity to major employers aids retention
- High-cost ownership context can sustain rental demand and pricing power
- Risks: lagging safety metrics, limited lifestyle amenities, and affordability pressure require active management