1 / 307-Unit Multifamily in San Antonio, TX
Bexar County, TX · listed Aug 30, 2026 (59 days)
▼ Reduced 2.8% on Oct 12, 2026, was $719,999
- $/unit
- $100,000
- ▼ 0% vs TX · 49th pct
- Cap rate
- 5.5%
- ▼ 1.8 pts vs TX median
- NOI
- $29K
- $4,147/unit/yr
- Units
- 7
- 3 bldg
Financials
- Asking price
- $699,999
- Price per unit
- $100,000
- Price per sq ft
- $163
- Gross rent / year
- $64,200
- Net operating income
- $29,030
- NOI per unit
- $4,147
- Cap rate
- 5.5%
- Gross yield
- 9.2%gross rent ÷ price
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 7
- Unit mix
- Not stated
- Buildings
- 3
- Year built
- Not stated
- Building size
- 4,286 sq ft
- Avg unit size
- 612 sq ft
- Lot size
- 0.34 acres
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Aug 30, 2026
- Days on market
- 59 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Oct 12, 2026: $720K → $700K
- Location
- Approximate (~0.5 mi)
- Listing #
- 2095
About this property
101, 103 & (address on request) presents a rare opportunity to acquire three multifamily buildings on three separate parcels in San Antonio, offering existing cash flow alongside significant value-add potential. The portfolio totals approximately 4,286 SF on 0.345 acres and benefits from MF-33 zoning, providing valuable flexibility for multifamily use.
The property has already undergone substantial improvements, with two buildings recently rehabilitated and the third building approximately 70% complete. This allows a new owner to step into a partially completed redevelopment and focus on finishing the remaining improvements, leasing available units, and increasing property income.
Currently, three units are leased with two additional units ready for occupancy, creating an immediate opportunity to increase revenue through lease-up. The property is projected to generate approximately $64,200 in pro forma annual gross income with estimated operating expenses of approximately $22,610, resulting in a projected NOI of $41,590 and a 5.78% pro forma cap rate at the asking price.
Beyond the existing units, approximately 1200 SF of unfinished space provides another potential avenue for generating income. Ownership currently pays tenant utilities, creating additional potential to improve NOI through separate metering, utility reimbursement, or other expense-management strategies.
With existing income, recently completed renovations, near-term lease-up opportunities, unfinished space, and a partially completed third building, 101, 103 & (address on request) offers investors multiple paths to increase cash flow and capture additional value over time.
Multifamily | 7 Units | $100,000/unit
Highlights
- Three Multifamily Buildings on Three Separate Parcels offered together as one investment opportunity
- Rare MF-33 Zoning providing valuable multifamily flexibility
- 4,286 SF of existing improvements situated on 0.345 acres
- Two Buildings Recently Rehabilitated, reducing near-term renovation requirements
- Third Building Approximately 70% Complete, offering a clear path to additional value creation
- 4 Units Currently Leased + 1 Unit Ready for Occupancy, providing existing income with immediate lease-up potential
- $64,200 Pro Forma Gross Annual Income
- $41,590 Projected NOI based on approximately $22,610 in estimated operating expenses
- Additional upside through lease-up and operational improvements
- Approximately 1200 SF of Unfinished Space with potential to be converted into additional income-producing space
- Utilities Currently Paid by Ownership, creating potential value-add through separate metering or a utility reimbursement structure
- Multiple paths to improve NOI through project completion, lease-up, additional rentable space, and expense management
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
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