| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Fair |
| Demographics | 1st | Poor |
| Amenities | 41st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 703 N San Marcos, San Antonio, TX, 78207, US |
| Region / Metro | San Antonio |
| Year of Construction | 2011 |
| Units | 121 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
703 N San Marcos San Antonio Multifamily near Downtown
Neighborhood metrics point to a deep renter base and steady occupancy around the metro average, according to WDSuite’s CRE market data. This positioning supports durable leasing for a 2011-vintage asset serving San Antonio’s central workforce.
Located in an inner-suburb setting near central San Antonio, the property benefits from a neighborhood with high renter concentration and accessible daily needs. Grocery and pharmacy access are comparatively strong versus many areas in the metro, while restaurant density is competitive; parks, cafes, and childcare are more limited. These dynamics suggest consistent day-to-day convenience with fewer discretionary amenities.
The neighborhood’s housing stock skews older (average construction year 1951 across the area), while this property was built in 2011. Newer vintage relative to local stock can offer competitive positioning and reduce near-term capital planning, while leaving room for targeted modernization to drive rents and retention.
Among metro neighborhoods (595 total), renter-occupied housing share ranks near the top, indicating a large tenant pool and depth of demand for multifamily product. Neighborhood occupancy trends sit around the metro midpoint, which can support leasing stability with prudent management and pricing strategy.
Within a 3-mile radius, households have grown in recent years even as population edged lower, implying smaller household sizes and a shift that still expands the renter pool. Looking ahead, forecasts indicate rising population and a meaningful increase in households by 2028, which supports tenant-base expansion and occupancy durability for well-located assets.
Home values in the immediate neighborhood are on the lower end compared with broader markets, which can introduce some competition from ownership options. However, rent-to-income levels point to manageable affordability pressure, suggesting lease retention can be sustained with thoughtful rent setting and resident experience.
Safety indicators for the neighborhood are below metro and national norms, reflecting higher reported incidents than many parts of the region. Among 595 San Antonio–New Braunfels neighborhoods, the area ranks in the weaker half for crime, placing it outside competitive cohorts on this metric.
Recent trend data shows year-over-year declines in both property and violent offense estimates, signaling incremental improvement. Investors typically account for this with enhanced on-site security, lighting, and resident engagement, while underwriting conservatively for marketing and turnover.
Proximity to established employers supports workforce housing demand and commute convenience, including media and financial services headquarters, back-office operations, and energy corporate offices.
- Iheartmedia — media HQ (4.4 miles) — HQ
- Usaa — financial services HQ (8.0 miles) — HQ
- Usaa Ops Building — back-office operations (8.2 miles)
- USAA Federal Savings Bank — banking (8.5 miles)
- Valero Energy — energy HQ (12.2 miles) — HQ
This 2011-vintage, 121-unit asset competes against predominantly older neighborhood stock, offering relative quality that can aid leasing and justify selective upgrades over time. The surrounding area exhibits a high share of renter-occupied units and occupancy near the metro midpoint; according to CRE market data from WDSuite, these fundamentals indicate depth of tenant demand with stable day-to-day utilization for well-managed properties.
Within a 3-mile radius, households have increased and are projected to grow meaningfully through 2028, pointing to a larger tenant base and support for occupancy stability. While neighborhood safety and limited discretionary amenities warrant conservative underwriting and active management, proximity to major employers and solid access to daily needs underpin the long-term multifamily thesis.
- Newer 2011 construction relative to local stock supports competitive positioning and measured capex needs
- High neighborhood renter-occupied share signals a deep tenant base and leasing durability
- 3-mile household growth and forward projections support occupancy stability and rentability
- Daily-needs access and proximity to large employers reinforce workforce demand
- Risk: below-average safety and fewer discretionary amenities require prudent underwriting and on-site management