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San Antonio Fourplex Near Downtown

215 Blanco San Antonio, TX 78212

Claim this Listing
For Sale
$575,000

MULTI_FAMILY - San Antonio, TX

Property size:
3,213 SF
Lot size:
0.17 Acres
Price / SF:
$178.96/SF
Added:
Feb 23, 2026
Days on Market:
140
Last Refresh:
Jul 13 at 5:06 pm

Property Features for 215 Blanco

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
C-3NA
Standard status
Active
Size
3,213 SF
Lot size
0.17 Acres

Taxes and HOA fees

Tax Annual Amount
8145

Utilities

Cooling system
Central Air

Building Details

Year built
1920

Listing agent Danny Charbel License #582344

Listing office Keller Williams City-View 15510 Vance Jackson Rd, San Antonio, TX

Listing date Feb 23, 2026

MLS# 1888438 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 four-unit property is located minutes from downtown San Antonio. The property features central HVAC and ample parking. Zoned C-3NA, it has the potential to be converted into a small four-suite hotel. The layout includes two units downstairs and two units upstairs. There is covered parking in the back with storage. The property is located minutes from San Pedro Springs Park and approximately two miles from downtown. The lot size is 0.17 acres and the property size is 3213 square feet.

Key Highlights

  • Potential to convert to a 4‑suite hotel due to zoning.
  • Prime location: Minutes from downtown San Antonio and San Pedro Springs Park.
  • 4‑Plex property offering house‑hacking opportunity (live in one unit, rent out three).

Local Financial Insights For Multifamily LT 5

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 $55.9k $17.40
− Vacancy −$3.1k −$0.96
EGI $52.8k $16.44
− OpEx −$15.8k −$4.93
NOI $37.0k $11.51
3,213 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$528.3K
$462.3K – $616.4K (±1% cap)
NOI $36,982 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$468.9K
$410.3K – $547.0K (±1% cap)
NOI $32,820 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$819.6K
$717.1K – $956.2K (±1% cap)
NOI $57,371 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Dental Office (Bike/Boat/Book/etc) Store Acupuncture Butcher HVAC Service (Bike/Boat/Book/etc) Store Real Estate Agency Pet Grooming Service (Bike/Boat/Book/etc) Store Cosmetic Store

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

FAQs

What type of property is this?
Quadplex - Four-unit property near downtown San Antonio with hotel conversion potential.
Where is this quadplex located?
The property is located at 215 Blanco San Antonio, TX.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Potential to convert to a 4‑suite hotel due to zoning.; **Prime location:** Minutes from downtown San Antonio and San Pedro Springs Park.; 4‑Plex property offering **house‑hacking opportunity** (live in one unit, rent out three).
Contact an agent
More about this property
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