| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Good |
| Demographics | 30th | Fair |
| Amenities | 21st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6733 Montgomery Dr, San Antonio, TX, 78239, US |
| Region / Metro | San Antonio |
| Year of Construction | 2007 |
| Units | 52 |
| Transaction Date | 2010-12-30 |
| Transaction Price | $2,925,000 |
| Buyer | EMI PALM TREE LLC |
| Seller | SMITHWEST PROPERTIES LLC |
6733 Montgomery Dr, San Antonio — 52-Unit Multifamily Investment
Inner-suburban location with steady renter demand; neighborhood occupancy is above the metro median, according to WDSuite’s CRE market data, supporting stable operations for a 52-unit asset.
Situated in an Inner Suburb of San Antonio, the property benefits from everyday convenience more than lifestyle density. Grocery access benchmarks above national medians, while cafes, parks, and pharmacies are comparatively sparse for the metro. Average school ratings in the immediate neighborhood trail regional norms, which can influence unit mix strategy and leasing positioning for family-focused renters.
Neighborhood occupancy trends are a constructive signal: at the neighborhood level, occupancy ranks above the metro median among 595 San Antonio–New Braunfels neighborhoods, indicating relative stability versus peers. Median contract rents in the neighborhood sit near the middle of national ranges, and a rent-to-income profile around the neighborhood level suggests manageable affordability pressure that can support retention and measured pricing.
Within a 3-mile radius, demographics show a larger tenant base forming: population grew over the past five years and households expanded at a faster clip, with projections pointing to further household growth through 2028. This broadens the renter pool and helps support occupancy and leasing velocity. Renter-occupied housing accounts for roughly one-third of units within this radius, indicating a meaningful but not dominant renter concentration — a profile aligned with workforce housing demand. These patterns are based on multifamily property research validated by WDSuite’s market data.
Vintage context: the property was built in 2007, slightly older than the neighborhood’s late-2000s average construction year. That positioning can support a targeted value-add plan — modernizing interiors, common areas, and building systems — to stay competitive against newer stock while managing capital outlays.
Safety indicators are mixed in the neighborhood context. Compared with 595 neighborhoods across the San Antonio–New Braunfels metro, crime levels rank in the lower half, signaling below-metro-average safety. Nationally, the neighborhood sits below the median for safety. Recent data show property offenses easing year over year, while violent offense measures increased — investors should underwrite to conservative assumptions and emphasize security, lighting, and tenant screening practices consistent with local norms.
As always, safety can vary block to block. Framing risk at the neighborhood level helps set expectations for leasing and operating practices without overgeneralizing individual parcels.
Proximity to major regional employers supports commute convenience and a diversified renter base, notably across media, energy, and financial services — specifically iHeartMedia, CST Brands, Andeavor, USAA, and Valero Energy.
- iHeartMedia — media (7.6 miles) — HQ
- CST Brands — energy retail (8.7 miles) — HQ
- Andeavor — energy (9.5 miles) — HQ
- USAA — financial services (13.2 miles) — HQ
- Valero Energy — energy (16.0 miles) — HQ
This 52-unit, 2007-vintage asset offers workforce-oriented exposure in an inner-suburban San Antonio location where neighborhood occupancy trends sit above the metro median. According to CRE market data from WDSuite, neighborhood rents and rent-to-income levels point to manageable affordability pressure, which can aid retention and provide room for disciplined rent growth. The vintage is slightly older than nearby late-2000s stock, creating a clear value-add path through targeted interior and common-area updates to strengthen competitive positioning.
Within a 3-mile radius, recent population gains and outsized household growth — with additional expansion projected by 2028 — indicate a growing renter pool that supports leasing stability. Balanced against this, neighborhood amenity density and school quality are lighter, and safety benchmarks trail metro and national medians, suggesting the need for hands-on management and prudent underwriting.
- Above-metro-median neighborhood occupancy supports stable leasing
- 2007 vintage with value-add potential via targeted modernization
- 3-mile radius shows household growth and renter pool expansion through 2028
- Manageable rent-to-income profile offers room for disciplined pricing
- Risks: lighter amenity/school scores and below-median safety require active management