Lavaca Fourplex in
217 LOTUS ST, San Antonio, TX 78210
MULTI_FAMILY - San Antonio, TX
Property size:
2,280 SFLot size:
0.17 AcresPrice / SF:
$175/SF- Added:
- Apr 24, 2026
- Days on Market:
- 31
- Last Refresh:
- May 24 at 11:06 am
Property Features for 217 LOTUS ST
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM-4 CD
- Standard status
- Active
- Size
- 2,280 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9993
Building Details
- Year built
- 1910
Listing agent Tre Serrano (214) 202-7615
Listing office Real Broker, LLC 700 N St. Mary's St, Houston, TX (855) 450-0442
Listing date Apr 24, 2026
MLS# 1809267
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.
HighLights
- Fully occupied 4‑plex providing immediate rental income and cash flow.
- Located in the highly desirable and walkable Historic Lavaca/Southtown Arts District.
- Priced under $400k in an area where surrounding single‑family homes exceed $550k.
- Each unit has 1 bed/1 bath, full kitchen, and separate living area.
- Individually metered utilities for each of the four units.
- Proximity to downtown San Antonio, Hemisfair Plaza, and local attractions.
Overview
Located in the heart of the historic Lavaca neighborhood in San Antonio, this fully occupied fourplex offers an investment opportunity in the vibrant Southtown Arts District. Each of the four units features 1 bedroom and 1 bath, a full kitchen, and a separate living area. The property is zoned RM-4 CD. All units are individually metered for utilities. The property includes both front and rear entries, a shared backyard space, and a recently renovated rear staircase and balcony. Positioned near King William, Essex Modern City, and Dignowity Hill, residents have easy access to Hemisfair Plaza, Tower of the Americas, and downtown San Antonio, which is a 10-minute bike ride away. Surrounded by local favorites like Rosario's, Liberty Bar, and Blue Star Arts Complex, this walkable district is rich with culture and historic charm. The property is situated on a 0.169-acre lot. The building size is 2,280 square feet. The property is located in a highly desirable location where surrounding single-family homes regularly exceed $550k. This Lavaca 4-plex combines performance, long-term appreciation, and the appeal of classic Southtown architecture.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$291.6K
NOI $26,243 @ 9.00% cap · cautious / downside scenario
Moderate
$374.9K
NOI $26,243 @ 7.00% cap · market / base-case scenario
Aggressive
$524.9K
NOI $26,243 @ 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 Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.7k | $17.40 |
| − Vacancy | −$2.2k | −$0.96 |
| EGI | $37.5k | $16.44 |
| − OpEx | −$11.2k | −$4.93 |
| NOI | $26.2k | $11.51 |
2,280 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$374.9K
$328.0K – $437.4K
NOI $26,243 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$332.7K
$291.1K – $388.2K
NOI $23,290 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$581.6K
$508.9K – $678.5K
NOI $40,711 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- San Antonio
- County
- Comal
- State
- Texas
- Longitude
- -98.483641
- Latitude
- 29.405652
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Fully occupied fourplex in historic Lavaca neighborhood.
Where is this quadplex located?
The property is located at 217 LOTUS ST San Antonio, TX.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Fully occupied 4‑plex providing immediate rental income and cash flow.; Located in the highly desirable and walkable Historic Lavaca/Southtown Arts District.; Priced under $400k in an area where surrounding single‑family homes exceed $550k.
