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San Antonio Multifamily Income Property

1735 W Gramercy Pl #301/302 San Antonio, TX 78201

Claim this Listing
For Sale
$526,998

MULTI_FAMILY - San Antonio, TX

Property size:
2,634 SF
Price / SF:
$200/SF
Added:
Feb 21, 2026
Days on Market:
140
Last Refresh:
Jul 11 at 4:06 pm

Property Features for 1735 W Gramercy Pl #301/302

General Information

Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Standard status
Active
Size
2,634 SF

Taxes and HOA fees

Tax Annual Amount
16383

Utilities

Cooling system
Zoned

Building Details

Year built
2024

Listing agent Scott Malouff License #658231

Listing office Keller Williams Heritage 1717 N. Loop 1604 E, San Antonio, TX

Listing date Feb 21, 2026

MLS# 1940407 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.

This modern development in San Antonio, Texas, features a Miami Deco-inspired design with efficient, income-producing layouts. The residences offer open floor plans with 10-foot ceilings, wood-look tile flooring, and contemporary kitchens equipped with stainless steel appliances and sleek finishes. The bedroom configurations include private suites across units. Located within a gated community, the property includes guest parking and a fenced dog park. It is short-term rental friendly, providing flexibility for both investors and owner-occupants. The property is situated near Woodlawn Theatre, El Paraiso Ice Cream, and Woodlawn Lake Park. The property size is 2,634 square feet.

Key Highlights

  • Short‑term rental friendly, ideal for investors or owner‑occupants.
  • Modern, income‑producing layouts with Miami Deco‑inspired design.
  • Located in a gated community with guest parking and a fenced dog park.

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 $52.2k $19.80
− Vacancy −$3.2k −$1.23
EGI $48.9k $18.57
− OpEx −$22.0k −$8.36
NOI $26.9k $10.21
2,634 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$384.4K
$336.3K – $448.4K (±1% cap)
NOI $26,906 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$671.9K
$587.9K – $783.9K (±1% cap)
NOI $47,032 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Short term rental ...

Suggested Use

Real Estate Agency Dental Office Spa & Massage Center Skin Care Clinic Nail Salon Kitchen & Bath Showroom Hair Salon Law Firm (Bike/Boat/Book/etc) Store Gym & Fitness Center

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

FAQs

What type of property is this?
Short term rental property - Modern, income-producing multifamily property near Woodlawn Lake Park.
Where is this short term rental property located?
The property is located at 1735 W Gramercy Pl #301/302 San Antonio, TX.
What is the asking price?
The asking price for this property is $526,998.
What are key features of this property?
This property features: Short‑term rental friendly, ideal for investors or owner‑occupants.; Modern, income‑producing layouts with Miami Deco‑inspired design.; Located in a gated community with guest parking and a fenced dog park.
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