1 / 278-Unit Multifamily in San Antonio, TX
TX · listed May 29, 2026 (152 days)
- $/unit
- $149,999
- ▲ 50% vs TX · 73rd pct
- Cap rate
- 6.5%
- ▼ 0.8 pts vs TX median
- NOI
- $78K
- $9,750/unit/yr
- Units
- 8
- 2 bldg · 2006
Financials
- Asking price
- $1,199,989
- Price per unit
- $149,999
- Price per sq ft
- $184
- Gross rent / year
- $95,628
- Net operating income
- $77,999
- NOI per unit
- $9,750
- Cap rate
- 6.5%
- Gross yield
- 8%gross rent ÷ price
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 8
- Unit mix
- exclusively 2-bedroom/1-bathroom units
- Buildings
- 2
- Year built
- 2006
- Building size
- 6,528 sq ft
- Avg unit size
- 816 sq ft
- Lot size
- 0.32 acres
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- May 29, 2026
- Days on market
- 152 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1816
About this property
926/(address on request) is a stabilized 8-unit apartment community situated on approximately 0.32± acres in San Antonio, TX 78221, offered at an attractive 6.5% cap rate. The property consists of two well-maintained buildings built in 2006, featuring exclusively 2-bedroom/1-bathroom units with approximately 816 square feet per unit and 6,528± square feet of total rentable area.
The asset is in exceptional condition, featuring a brand-new Owens Corning algae-resistant laminate architectural composite shingle roof (September 2025), new water heaters in select units, a freshly painted exterior (September 2025), and professionally xeriscaped grounds requiring virtually zero lawn maintenance. Each unit is separately metered for electric and water and includes an individual central HVAC system.
Strategically located minutes from Lackland AFB, Port San Antonio, Palo Alto College, and Texas A&M San Antonio, the property benefits from strong, diverse rental demand within one of San Antonio’s most active employment corridors.
Turnkey, Fully Leased 8-Unit Multifamily Near Lackland AFB & Port San Antonio
Highlights
- Stabilized, cash-flowing 8-unit multifamily property with 100% occupancy
- All units feature a desirable 2-bedroom, 1-bath layout
- Several long-term tenants with strong rental history
- Current rents range from $900 to $950 per month
- Individually metered units with in-unit washers and dryers
- Two-building layout with approximately 816 SF per unit
- Near Lackland AFB, Port San Antonio and major employment centers
- Fresh exterior paint with a new roof scheduled for September 2026
- Potential future upside through rent growth
Location
Approximate area. The exact address is shared on request.
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