| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Fair |
| Demographics | 28th | Fair |
| Amenities | 46th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7600 Callaghan Rd, San Antonio, TX, 78229, US |
| Region / Metro | San Antonio |
| Year of Construction | 1980 |
| Units | 104 |
| Transaction Date | 2014-11-07 |
| Transaction Price | $5,300,000 |
| Buyer | Jevan Capital PLLC |
| Seller | San Antonio Maison Ltd |
7600 Callaghan Rd San Antonio Multifamily Investment
High renter concentration supports a deep tenant base, while neighborhood occupancy trends run softer than metro norms, according to WDSuite’s CRE market data. Proximity to major employers provides consistent leasing draw for a 1980-vintage, 104-unit asset.
This Urban Core location offers day‑to‑day convenience: grocery and pharmacy density rank among the strongest in the metro (competitive among 595 San Antonio neighborhoods), while restaurants are well represented. Park space and cafes/childcare are limited, so resident appeal leans more toward practical retail and services than lifestyle amenities, based on CRE market data from WDSuite.
The neighborhood’s renter-occupied share is exceptionally high, indicating a large pool of multifamily households and consistent leasing demand. However, neighborhood occupancy is below the metro median, signaling the need for hands‑on leasing and retention strategies to maintain stability and pricing power.
Within a 3‑mile radius, households have grown and are projected to expand further by roughly one‑third through 2028, even as average household size trends lower. This points to a larger tenant base and more one‑ and two‑person households entering the market, which can support absorption for a mix of unit types.
Ownership remains a high‑cost proposition relative to local incomes (higher value‑to‑income ratios versus many U.S. neighborhoods), which tends to sustain reliance on rental housing. At the same time, rent‑to‑income levels suggest potential affordability pressure for some households, making renewal management and amenity‑light value positioning important for retention.
Constructed in 1980, the asset is slightly older than the local average vintage. Investors should plan for targeted capital improvements and modernization to enhance competitive positioning and capture value‑add upside against newer stock.
Safety indicators for the neighborhood sit below the metro median among 595 San Antonio neighborhoods and compare weaker than many areas nationally. While current levels warrant prudent on‑site management and security planning, recent year‑over‑year declines in both property and violent offense rates point to improving momentum rather than deterioration.
For underwriting, frame safety as a manageable operational consideration: weigh the below‑average standing against the directional improvement and the area’s employment and retail strengths that support resident retention.
- USAA — financial services (2.2 miles) — HQ
- Usaa Ops Building — financial services operations (2.5 miles)
- USAA Federal Savings Bank — banking (2.7 miles)
- Iheartmedia — media (4.7 miles) — HQ
- Valero Energy — energy (6.5 miles) — HQ
A strong nearby employment base anchored by financial services and media provides commute convenience and supports renter demand; the list below reflects the closest drivers likely to influence leasing and retention.
Proximity to major employment anchors (USAA cluster and Valero) and strong everyday retail access underpin renter demand, while a very high renter concentration in the neighborhood provides depth of the tenant base. Neighborhood occupancy trends run softer than the metro, but improving crime momentum and projected household growth within 3 miles support a constructive long‑term view. According to CRE market data from WDSuite, the 1980 vintage suggests targeted value‑add and systems modernization can enhance competitiveness against newer supply.
Investment focus should balance value‑add execution and disciplined lease management. Elevated rent‑to‑income signals careful renewal strategies, while amenity‑light improvements and operational consistency can stabilize occupancy and support rent growth without overextending affordability.
- Large renter-occupied base supports sustained leasing demand and broader tenant reach
- Employer proximity (USAA cluster, Valero) provides commute convenience and retention tailwinds
- 1980 vintage offers clear value‑add path via unit/interior upgrades and systems modernization
- Projected household growth within 3 miles expands the renter pool and supports absorption
- Risks: below‑metro neighborhood occupancy, affordability pressure, and below‑average safety require active management