Historic Multifamily Property in Tobin
124 E Ashby Pl, San Antonio, TX 78212
MULTI_FAMILY - San Antonio, TX
Property size:
9,133 SFLot size:
0.19 AcresPrice / SF:
$131/SF- Added:
- Mar 6, 2026
- Days on Market:
- 82
- Last Refresh:
- May 27 at 3:06 am
Property Features for 124 E Ashby Pl
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MF-33
- Standard status
- Active
- Size
- 9,133 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Annual Amount
- 16717
Building Details
- Year built
- 1915
Listing agent Shane Neal (888) 519-7431
Listing office eXp Realty 17806 W IH 10 Ste 300, Austin, TX (888) 519-7431
Listing date Mar 6, 2026
MLS# 1943475
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.
Overview
Located in the heart of Tobin Hill, this historic 8-unit multifamily property is situated in one of Downtown San Antonio's most walkable and desirable neighborhoods. Originally a grand historic mansion, this architecturally distinctive property features hardwood floors, soaring ceilings, arched doorways, oversized windows, and spacious layouts. Each unit offers its own unique character and charm. The property is not a commodity apartment complex but a boutique historic asset with irreplaceable architectural appeal. The property has 75% occupancy. Located just steps from St. Mary's Strip, residents enjoy walkable access to nightlife, restaurants, and entertainment. The property is also minutes from The Pearl, San Antonio College, and Downtown. This location-driven investment has built-in rental growth opportunity in a neighborhood where historic character and walkability command premium interest. The property is ideal for investors looking to reposition a unique historic asset in a high-growth urban submarket. The property size is 9133 square feet and the lot size is 0.1935 acres.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$1.04M
NOI $93,292 @ 9.00% cap · cautious / downside scenario
Moderate
$1.33M
NOI $93,292 @ 7.00% cap · market / base-case scenario
Aggressive
$1.87M
NOI $93,292 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $180.8k | $19.80 |
| − Vacancy | −$11.2k | −$1.23 |
| EGI | $169.6k | $18.57 |
| − OpEx | −$76.3k | −$8.36 |
| NOI | $93.3k | $10.21 |
9,133 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$1.33M
$1.17M – $1.55M
NOI $93,292 @ 7.0% cap · market cap 7.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.33M
$2.04M – $2.72M
NOI $163,077 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- San Antonio
- County
- Comal
- State
- Texas
- Longitude
- -98.493203
- Latitude
- 29.448849
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Historic 8-unit multifamily property in the heart of Tobin Hill.
Where is this apartment building located?
The property is located at 124 E Ashby Pl San Antonio, TX.
What is the asking price?
The asking price for this property is $1,200,000.
