| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Best |
| Demographics | 42nd | Fair |
| Amenities | 51st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6551 Spring Time St, San Antonio, TX, 78249, US |
| Region / Metro | San Antonio |
| Year of Construction | 2007 |
| Units | 28 |
| Transaction Date | 2008-10-14 |
| Transaction Price | $372,700 |
| Buyer | EMI SPRING TIME LLC |
| Seller | SMITHWEST PROPERTIES LLC |
6551 Spring Time St San Antonio Multifamily Opportunity
Neighborhood occupancy is notably resilient, with stability supportive of cash flow according to WDSuite’s CRE market data. This inner-suburb location offers durable renter demand relative to metro alternatives.
Positioned in San Antonio’s inner suburbs, the property benefits from strong local fundamentals that matter for multifamily investors. The neighborhood’s occupancy ranks 54 of 595 metro neighborhoods, placing it in the top quartile nationally, a signal of leasing stability that can support retention and pricing discipline over a hold period.
Daily-life amenities are serviceable: park access sits in a high national percentile and grocery availability is above average, while restaurants are reasonably distributed for the submarket. Cafés and pharmacies are thinner in the immediate area, which may modestly reduce walkable convenience but typically does not impair car-oriented suburban renter demand in San Antonio-New Braunfels.
Within a 3-mile radius, households have expanded faster than population, indicating smaller average household sizes and a broader base of renters entering the market. Renter concentration within this 3-mile area is higher than owner share, pointing to a deeper tenant pool for smaller-format units and supporting occupancy stability. Median contract rents in the 3-mile radius have risen over the past five years, and WDSuite’s CRE market data indicates continued demand tailwinds tied to income growth in the area.
Ownership costs in the immediate neighborhood are relatively accessible by national standards, which can introduce some competition from entry-level ownership. For multifamily, that typically translates to a focus on convenience, amenitized living, and lease flexibility as competitive advantages for tenant retention. Average school ratings in the neighborhood are low, which can temper appeal for family renters; investor strategies often lean toward targeting young professionals and workforce renters in similar contexts.
Safety patterns are mixed and should be underwritten with care. The neighborhood’s crime rank is 239 out of 595 San Antonio–New Braunfels neighborhoods, making it competitive among metro peers but not top tier. Nationally, violent and property offense percentiles are on the weaker side; however, property offenses have trended down over the past year, which is a constructive directional signal for operations and resident retention.
- USAA Federal Savings Bank — banking (2.5 miles)
- Valero Energy — energy — HQ (2.6 miles)
- USAA Ops Building — corporate operations (2.8 miles)
- USAA — financial services — HQ (2.9 miles)
- iHeartMedia — media — HQ (9.2 miles)
Nearby corporate anchors concentrate along the I-10 corridor, supporting a steady commuter renter base and reducing turnover risk for workforce housing tied to finance and energy employers.
Built in 2007, the property is newer than the neighborhood average, offering a competitive edge versus older stock while still presenting selective modernization opportunities over time. Neighborhood occupancy sits in the top quartile among metro peers, and within a 3-mile radius the renter base is deep with growing household counts—conditions that typically support steady lease-up and renewals. According to CRE market data from WDSuite, park and grocery access are favorable, while school quality is weaker; the unit mix and positioning may therefore align better with young professionals and workforce renters than with families.
From a demand standpoint, expanding households and a sizable 18–34 population share within 3 miles point to a stable pipeline of renters for smaller units. Ownership remains relatively accessible locally, which can introduce competition for higher-credit tenants; investors can mitigate this by emphasizing convenience, professional management, and value in-place. Directionally improving property crime trends are a positive, though underwriting should reflect local safety considerations and targeted security measures.
- Newer 2007 vintage offers competitive positioning against older local stock with targeted value-add potential
- Top-quartile neighborhood occupancy supports leasing stability and renewal potential
- Deep renter pool within 3 miles and household growth underpin demand for smaller-format units
- Proximity to major employers (USAA, Valero, iHeartMedia) supports retention and steady renter inflows
- Risks: relatively low school ratings, mixed safety metrics, and some competition from entry-level ownership