| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Good |
| Demographics | 74th | Best |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6298 Lockhill Rd, San Antonio, TX, 78240, US |
| Region / Metro | San Antonio |
| Year of Construction | 2004 |
| Units | 64 |
| Transaction Date | 2003-12-10 |
| Transaction Price | $8,803,600 |
| Buyer | PROVIDENCE OWNERS LLC |
| Seller | SA TOWNHOMES LTD |
6298 Lockhill Rd San Antonio Multifamily Investment
According to CRE market data from WDSuite, a high renter-occupied presence within the neighborhood and steady 3-mile household growth point to durable tenant demand, even as neighborhood occupancy trends run below the metro median.
The property sits in an Inner Suburb of San Antonio that scores an A on WDSuite s neighborhood rating and ranks 75th of 595 metro neighborhoods, placing it in the competitive tier among San Antonio locations. Dining and daily-needs access are favorable, with restaurant density in the top quartile nationally and grocery options above average, while parks, pharmacies, and cafes are comparatively sparse. For investors, this mix supports everyday convenience and leasing appeal without relying on discretionary amenities.
Construction vintage for nearby multifamily averages 2002, while this asset was built in 2004. Being somewhat newer than surrounding stock can help with competitive positioning versus older properties; however, two-decade systems may still warrant targeted capital planning for modernization and efficiency upgrades.
Tenure patterns indicate depth for rentals: the neighborhood s renter-occupied share ranks in the top decile of metro neighborhoods (123rd of 595), signaling a meaningful base of households that rely on multifamily housing. Within a 3-mile radius, households increased in recent years and are projected to continue expanding, with average household size declining a setup that typically adds more, smaller households to the renter pool and supports occupancy stability.
Affordability metrics are constructive for lease retention. Neighborhood rent-to-income is moderate, and home values sit somewhat above national norms, which can sustain rental demand while still leaving some competition from ownership pathways. Median contract rents in the neighborhood are above the national midpoint and have grown over the past five years, according to WDSuite s commercial real estate analysis, indicating pricing power that has not outpaced local incomes.
Safety metrics in this neighborhood trend weaker than both metro and national benchmarks. Based on WDSuite data, the neighborhood s crime rank is below the metro median (454th of 595), and its national safety percentile sits in a lower range, indicating comparatively higher reported incidents than many U.S. neighborhoods.
Recent movement is mixed: estimated property offenses show a modest year-over-year improvement, while estimated violent offense rates increased over the same period. Investors should underwrite with prudent security, lighting, and operational measures and consider how on-site management practices and resident screening can help support retention and community standards.
The location benefits from proximity to major corporate campuses that anchor a large professional workforce, supporting multifamily leasing through commute convenience and retention. Notable nearby employers include USAA s primary offices, Valero Energy, and iHeartMedia.
- USAA Federal Savings Bank financial services (2.0 miles)
- Usaa Ops Building corporate operations (2.2 miles)
- Usaa financial services (2.3 miles) HQ
- Valero Energy energy (3.4 miles) HQ
- Iheartmedia media (8.6 miles) HQ
6298 Lockhill Rd offers a 64-unit, 2004-vintage asset with larger-than-typical unit sizes that suit today s smaller households in the surrounding 3-mile area. Neighborhood-level renter concentration is high, restaurants and groceries are convenient, and ownership costs are somewhat above national norms a combination that supports a stable tenant base and measured pricing power. According to CRE market data from WDSuite, neighborhood occupancy trends are below the metro median, so active asset management and thoughtful leasing strategy remain important to sustain performance.
Forward-looking demographics within 3 miles point to continued renter pool expansion as households grow and average household size declines. The 2004 vintage provides a relative edge versus older stock while leaving room for targeted value-add upgrades to refresh finishes, boost efficiency, and reinforce competitiveness against newer deliveries.
- High renter-occupied presence and growing 3-mile household base support demand depth and leasing velocity.
- 2004 vintage and larger unit sizes enable family-friendly layouts and value-add modernization opportunities.
- Dining and grocery access strengthen day-to-day livability, bolstering retention and renewal potential.
- Balanced affordability metrics suggest room for disciplined rent management without overextending residents.
- Risks: neighborhood safety metrics and below-metro occupancy require prudent security and hands-on leasing execution.