| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Fair |
| Demographics | 63rd | Good |
| Amenities | 51st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7577 Old Corpus Christi Hwy, San Antonio, TX, 78223, US |
| Region / Metro | San Antonio |
| Year of Construction | 1987 |
| Units | 96 |
| Transaction Date | 2007-08-20 |
| Transaction Price | $425,000 |
| Buyer | CR BROOKSFIELD LLC |
| Seller | BROOKSFIELD PROPCO LLC |
7577 Old Corpus Christi Hwy San Antonio Multifamily Investment
Neighborhood data points to deep renter concentration and value-add potential from an older 1987 vintage relative to newer nearby stock, according to WDSuite’s CRE market data. Investors should underwrite around stable renter demand with selective capex to sharpen competitive positioning.
This Inner Suburb pocket of San Antonio carries an A- neighborhood rating (ranked 106 among 595 metro neighborhoods), signaling competitive fundamentals within the metro. Parks, restaurants, and cafes are accessible, with parks and food options testing in the upper national percentiles, while pharmacies and childcare are relatively sparse—an operational note for resident services and marketing focus.
Schools trend favorable (average rating near the top national quartile), which can support retention for family renters. Median asking rents in the neighborhood sit in the upper third nationally, and the rent-to-income profile indicates only moderate affordability pressure—useful for pricing discipline but still requiring attentive lease management.
Occupancy at the neighborhood level has eased compared with national benchmarks in recent years, so underwriting should assume competitive leasing conditions rather than automatic lease-up. That said, neighborhood NOI per unit ranks in the top quartile among 595 San Antonio–New Braunfels neighborhoods, suggesting operators have historically been able to preserve margin with sound expense control and product positioning.
Tenure dynamics are a notable strength: renter-occupied share is extremely high by national standards. For multifamily owners, this points to a deep tenant base and everyday leasing velocity, especially for well-managed workforce housing. Within a 3-mile radius, demographics show a larger household base and projections for household growth through 2028, supporting a broader renter pool expansion and helping sustain occupancy over the medium term, based on CRE market data from WDSuite.
Safety indicators track below national averages in this neighborhood. Compared with neighborhoods nationwide, the area sits in low national percentiles for both property and violent offenses, indicating elevated incident rates relative to many U.S. locations. Within the San Antonio–New Braunfels metro, the neighborhood’s crime rank falls in the less favorable half of the 595-neighborhood distribution, so investors should factor in security measures, lighting, and resident engagement when budgeting and positioning.
Trend framing is important: operators that invest in on-site visibility, access control, and partnerships with local resources often mitigate risk and support resident retention. Any comparison to peer assets should be made at the neighborhood scale rather than block-by-block to avoid overgeneralizing conditions.
The location draws from San Antonio’s established corporate base, supporting renter demand through commute convenience to media and financial services anchors highlighted below.
- Iheartmedia — media headquarters (9.9 miles) — HQ
- Usaa — insurance & financial services (14.5 miles) — HQ
- Usaa Ops Building — insurance operations (14.7 miles)
- USAA Federal Savings Bank — banking (14.9 miles)
- Andeavor — energy (18.3 miles) — HQ
This 96-unit property (built 1987) is older than nearby averages, creating a clear value-add path through targeted interior refresh, systems modernization, and curb appeal upgrades to compete against 2000s-era stock. The neighborhood shows strong renter-occupied concentration and competitive metro-level standing, while school quality and amenity access help support lease retention. At the same time, occupancy in the surrounding neighborhood has softened versus national norms, so prudent underwriting should assume active leasing and concessions management rather than automatic absorption.
According to CRE market data from WDSuite, neighborhood rents benchmark in the upper national tiers while the rent-to-income profile suggests manageable affordability pressure—providing room for disciplined revenue strategy when paired with calibrated capex. Investors should also weigh two key exogenous factors: safety metrics that trail national averages and a metro where ownership costs are comparatively accessible, which can create some competition from for-sale alternatives. These risks are manageable with an operational focus on security, resident experience, and differentiated product.
- 1987 vintage supports value-add through targeted unit and systems upgrades versus newer neighborhood stock.
- Deep renter-occupied concentration indicates a broad tenant base and everyday leasing velocity.
- Upper-tier neighborhood rent positioning with moderate affordability pressure supports pricing discipline.
- Risk: safety metrics lag national averages—plan for security, lighting, and community engagement.
- Risk: more accessible ownership options in the metro can compete with rentals—focus on product differentiation and resident experience.