Value-add
$1,199,000
9-Unit Multifamily in San Antonio, TX
TX · listed Sep 1, 2026 (57 days)
Price per unit compared
This property$133K
Within ~40 mi (92)$103K
Texas median (1,196)$92K
- $/unit
- $133,222
- ▲ 45% vs TX · 71st pct
- Cap rate
- 3%
- ▼ 4.4 pts vs TX median
- NOI
- $36K
- $3,964/unit/yr
- Units
- 9
- 2 bldg · 1926
Financials
- Asking price
- $1,199,000
- Price per unit
- $133,222
- Price per sq ft
- $218
- Gross rent / year
- Not stated
- Net operating income
- $35,676
- NOI per unit
- $3,964
- Cap rate
- 3%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 9
- Unit mix
- Not stated
- Buildings
- 2
- Year built
- 1926
- Building size
- 5,488 sq ft
- Avg unit size
- 610 sq ft
- Lot size
- 0.21 acres
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Sep 1, 2026
- Days on market
- 57 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 2077
About this property
Hollywood Heights is a two-story, nine-unit multifamily property with distinctive 1920s architecture and seller-reported 2024 upgrades. The asset is positioned between Olmos Park and Monte Vista, with convenient access to Midtown, The Pearl, Downtown San Antonio, and major employment corridors.
Multifamily | 2.98% CAP | 9 Units
Highlights
- A meaningful unit count in a compact infill asset, offering diversified income across nine apartments.
- Two vacant units on the latest available rent roll represent $24,000 of annual gross market-rent potential.
- Seller-provided full-market rent exceeds in-place rent by $1,355 per month, subject to occupancy, collections, and market validation.
- Positioned near Olmos Park, Monte Vista, Midtown, The Pearl, Downtown, and central San Antonio employment corridors.
- Seller-reported 2024 capital improvements total approximately $83,959 across exterior, unit, HVAC, roof, and signage projects.
- Spanish and Mediterranean design elements provide curb appeal and identity that differentiate the asset from conventional rentals.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
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|---|---|---|---|
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