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San Antonio Multifamily Investment Opportunity

119 Bank San Antonio, TX 78204

Claim this Listing
For Sale
Under Contract
$795,000

MULTI_FAMILY - San Antonio, TX

Property size:
5,510 SF
Lot size:
0.22 Acres
Price / SF:
$144.28/SF
Added:
Jun 19, 2026
Days on Market:
26
Last Refresh:
Jul 14 at 9:06 am

Property Features for 119 Bank

General Information

Property type
Residential Multi Family
Property subtype
Other
Standard status
Active Under Contract
Size
5,510 SF
Lot size
0.22 Acres

Taxes and HOA fees

Tax Annual Amount
17852

Building Details

Year built
1949

Listing agent Arthur Sable

Listing office Keller Williams Legacy 1102 E Sonterra Blvd Ste 106, San Antonio, TX

Listing date Jun 19, 2026

MLS# 1926651 Listing URL

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 in San Antonio, Texas, this multi-building compound presents a rare investment opportunity in the Lone Star/Southtown corridor. The property features 11 rentable units with a flexible mix of unit types. The rear building contains six units: three 1-bedroom apartments and three efficiencies. The middle courtyard row includes three units: two efficiencies and one 1-bedroom unit; one efficiency is currently vacant. The front buildings consist of a 3-bedroom, 1-bath single-family home and a two-story co-living house with seven rentable bedrooms, four of which are currently rented. The property has a central courtyard. The property's financials include a monthly income of $9,475 and an annual income of $113,700. Operating expenses total $43,520.85, resulting in a Net Operating Income of $70,170.15. The cap rate at the list price is 8.8. All utilities are included, with the owner covering water, electric, taxes, and insurance. The property size is 5,510 square feet on a lot of 0.221 acres.

Key Highlights

  • High 8.8% Cap Rate at List Price indicates strong investment potential.
  • 11 rentable units provide a diversified income stream.
  • All Bills Paid structure simplifies management.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $109.1k $19.80
− Vacancy −$6.8k −$1.23
EGI $102.3k $18.57
− OpEx −$46.1k −$8.36
NOI $56.3k $10.21
5,510 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$804.1K
$703.6K – $938.1K (±1% cap)
NOI $56,284 @ 7.0% cap · market cap 7.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M (±1% cap)
NOI $98,386 @ 7.0% cap · market cap 12.38%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Dental Office Real Estate Agency (Bike/Boat/Book/etc) Store Computer & Electronic Repair Locksmith Home Appliance Store Tech Support Center (Bike/Boat/Book/etc) Store Pet Grooming Service Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Eleven-unit multifamily property in the Lone Star/Southtown corridor.
Where is this apartment building located?
The property is located at 119 Bank San Antonio, TX.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: High 8.8% Cap Rate at List Price indicates strong investment potential.; 11 rentable units provide a diversified income stream.; All Bills Paid structure simplifies management.
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