| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Poor |
| Demographics | 18th | Poor |
| Amenities | 44th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7737 Skolout St, San Antonio, TX, 78227, US |
| Region / Metro | San Antonio |
| Year of Construction | 1985 |
| Units | 20 |
| Transaction Date | 2009-09-09 |
| Transaction Price | $1,593,800 |
| Buyer | DARE STEPPING STONE LLC |
| Seller | TERRAVISTA PARTNERS STEPPING STONE LTD |
7737 Skolout St San Antonio Multifamily Investment
Neighborhood renter concentration and strong grocery/restaurant access point to durable tenant demand, while softer occupancy suggests active lease management, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb of San Antonio where amenity access is mixed. Grocery and restaurant density rank competitively among 595 metro neighborhoods, supporting daily convenience for renters, while cafes, parks, and pharmacies are relatively sparse. This mix favors everyday necessities but limits lifestyle amenities within the immediate area.
At the neighborhood level, an estimated 37.7% of housing units are renter-occupied, indicating a meaningful tenant base for multifamily. By contrast, the reported occupancy rate for the neighborhood is softer, suggesting owners should underwrite to steady but hands-on leasing and renewal strategies rather than assuming rapid lease-ups.
Demographic indicators aggregated within a 3-mile radius show a slight population contraction over the past five years alongside growth in total households and families, with forecasts pointing to continued household growth and smaller average household sizes. This pattern can expand the renter pool and support occupancy stability even as population totals edge down. Income levels have trended higher and are projected to rise further, which can help sustain rent collections as asking rents continue to progress.
Home values in the surrounding neighborhood are lower than many peer areas in the region, which can create some competition from ownership options. For multifamily investors, this typically argues for value positioning and resident retention tactics over aggressive near-term pricing power. Neighborhood rent-to-income levels suggest manageable affordability pressure, supporting renewals when paired with measured rent steps and attention to in-place income trends.
Safety metrics indicate the neighborhood performs below national averages, and its crime rank places it less favorable than many San Antonio neighborhoods. That said, recent data show year-over-year declines in both violent and property offense rates, pointing to improving momentum. Investors should weigh these trends alongside property-specific mitigation measures and tenant profile when underwriting.
- USAA — financial services (10.1 miles) — HQ
- USAA Ops Building — financial services (10.3 miles)
- USAA Federal Savings Bank — financial services (10.4 miles)
- iHeartMedia — media (11.7 miles) — HQ
- Valero Energy — energy (13.2 miles) — HQ
Nearby employment anchors in financial services, media, and energy provide a broad commuter base that can support renter demand and retention for workforce-oriented apartments.
7737 Skolout St offers exposure to a renter-base supported by competitive grocery and restaurant access and proximity to major employment nodes. Household growth within a 3-mile radius, coupled with rising incomes, suggests a larger tenant base over time even as population totals trend slightly lower. According to commercial real estate analysis from WDSuite, neighborhood-level occupancy is softer, which argues for disciplined leasing, but the area’s renter-occupied share and everyday amenity coverage support consistent demand for well-positioned units.
Positioning the asset toward value-conscious renters, emphasizing renewals, and leveraging proximity to large employers can help sustain performance. Ownership costs in the area are comparatively accessible, so pricing strategy should emphasize retention and service differentiation rather than outsized rent steps.
- Established renter base and everyday retail access support steady leasing
- Household growth and rising incomes within 3 miles expand the tenant pool
- Proximity to large employers underpins demand and renewal potential
- Risk: Neighborhood occupancy is softer; plan for active lease and renewal management
- Risk: Lower-cost ownership options can temper pricing power; focus on retention