Renovated Short-Term Rental
For Sale
$540,000
112 Hill St, San Antonio, TX 78212
Multi-Family (2-8 Units), San Antonio, TX
Property Size2,660 SF
Lot Size0.17 Acres
Price / SF$203.01
Days on Market58
Property Features for 112 Hill St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-4
Elementary school
Hawthorne
High school
Edison
Elementary school district
San Antonio I.S.D.
Middle school district
San Antonio I.S.D.
High school district
San Antonio I.S.D.
Subdivision
0900
Standard status
Active
Size
2,660 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
10520
Building Details
Year built
1905
Listing Agency:
Uriah Real Estate Organization
(830) 600-5263
Listed By:
Uri Uriah · License #9002555
(210) 315-8885
Added: Jul 2
Changed: Aug 20
Last Checked: Aug 28 at 4:06PM
MLS# 1973325
Copyright © 2026 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 112 Hill Street in San Antonio, this 2,660-square-foot residence was built in 1905 and has been extensively renovated. The layout includes six bedrooms, four and one-half bathrooms, two full kitchens, and open-concept living areas. Granite countertops, stainless steel appliances, updated finishes, and the included furniture package support immediate furnished operation.
The property is zoned R-4 and has an established history of short-term rental use. Its Five Points location places it less than two miles from Downtown San Antonio and The Pearl, with access to Midtown, the South Texas Medical Center, major universities, and employment centers. The residence offers a flexible configuration for continued short-term rental use, corporate housing, or mid-term rental operation.
The property is zoned R-4 and has an established history of short-term rental use. Its Five Points location places it less than two miles from Downtown San Antonio and The Pearl, with access to Midtown, the South Texas Medical Center, major universities, and employment centers. The residence offers a flexible configuration for continued short-term rental use, corporate housing, or mid-term rental operation.
Key Highlights
- 2,660‑square‑foot renovated residence at 112 Hill Street
- Six bedrooms and four and one‑half bathrooms
- Two full kitchens with granite countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,171
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$543,420
$543.4K
Cap Rate 7%
$388,157
$388.2K
Cap Rate 9%
$301,900
$301.9K
Market Conditions
NOI Build-Up for 2,660 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$52.7K $19.80/SF
− Vacancy
−$3.3K −$1.23/SF
EGI
$49.4K $18.57/SF
− OpEx
−$22.2K −$8.36/SF
NOI
$27.2K $10.21/SF
Area
San Antonio, TX
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$543,420
Cap Rate 7%
$388,157
Cap Rate 9%
$301,900
Alternative Uses
Best Use
Apartment 5plus
$388.2K
$339.6K – $452.9K
NOI $27,171 @ 7.0% cap · market cap 5.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$678.5K
$593.7K – $791.6K
NOI $47,496 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,344
Businesses Nearby
Explore this area
Business Placement
Demographics for 78212, TX
26,738
Population
13,399
Households
2
Avg Household Size
39
Median Age
39%
College-Educated
85%
High-School Grad
6.9 sq mi
ZIP Area
3,875
Density / Sq Mi
$60,222
Median Household Income
$40,037
Median Earnings
$1,084
Median Rent
$299,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Furnished six-bedroom residence with two kitchens, updated interiors, and open-concept living areas.
Where is this short term rental property located?
The property is located at 112 Hill St San Antonio, TX.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: 2,660‑square‑foot renovated residence at 112 Hill Street; Six bedrooms and four and one‑half bathrooms; Two full kitchens with granite countertops and stainless steel appliances
