1 / 1216-Unit Multifamily in San Antonio, TX
Bexar County, TX · listed Sep 17, 2026 (41 days)
▼ Reduced 15.1% on Oct 28, 2026, was $1,590,000
- $/unit
- $84,375
- ▼ 16% vs TX · 36th pct
- Cap rate
- 7.1%
- ▼ 0.3 pts vs TX median
- NOI
- $95K
- $5,965/unit/yr
- Units
- 16
- 2 bldg · 1986
Financials
- Asking price
- $1,350,000
- Price per unit
- $84,375
- Price per sq ft
- $86
- Gross rent / year
- Not stated
- Net operating income
- $95,434
- NOI per unit
- $5,965
- Cap rate
- 7.1%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 16
- Unit mix
- 2-bedroom/1-bath unit mix
- Buildings
- 2
- Year built
- 1986
- Building size
- 15,680 sq ft
- Avg unit size
- 980 sq ft
- Lot size
- Not stated
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Sep 17, 2026
- Days on market
- 41 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Oct 28, 2026: $1.59M → $1.35M
- Location
- Approximate (~0.5 mi)
- Listing #
- 1111
About this property
Bremen Apartments presents the opportunity to acquire a well-located 16-unit multifamily property with a consistent 2-bedroom/1-bath unit mix and approximately 960 SF per unit. Ownership has invested more than $87,000 in documented capital improvements and property upgrades, including HVAC replacement, flooring, resurfacing, interior and exterior painting, electrical, plumbing, roofing/gutter work, appliances, fixtures, and other improvements. Leasing performance demonstrates strong operations. Units feature updated interiors with wood-look flooring, refreshed kitchens and baths, washer/dryer connections in each unit, and reserved off-street parking. The property offers convenient access to I-37, Downtown San Antonio, major employment centers, healthcare, military installations, retail, and neighborhood services. Bremen Apartments offers an investor the opportunity to acquire a recently improved, manageable 16-unit asset with established in-place income and additional operational upside.
Price Reduced | 7.1% T12 CAP | 9.0% Pro Forma CAP | $100K+ Capital Improvements
Highlights
Value-Add Income Story — Collections have climbed steadily over recent months, with a clear path to full stabilization for an investor ready to finish the lease-up
Recent Capital Investment — Approximately $35,000 in capital improvements over the past 24 months reduces near-term reserve requirements for a buyer
Rents Already at Market — In-place 2BR rents track within dollars of the submarket average, meaning no speculative rent growth is required to hit pro forma
Simple, Efficient Operations — A uniform 16-unit, 2BR/1BA layout with in-unit laundry across two mirror-image 8-unit buildings keeps turns predictable and management straightforward
Established Southeast San Antonio Location — Minutes from Downtown, the San Antonio Missions UNESCO World Heritage Site, the Frost Bank Center, and the Brooks redevelopment district
Clean, Low-Risk Asset Profile — Minimal flood risk (FEMA Zone X), no known deferred-maintenance flags, and fiber internet available up to 5,000 Mbps
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
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