Four-Unit Quadplex with
For Sale
$399,000
217 LOTUS ST, San Antonio, TX 78210
Multi-Family (2-8 Units), San Antonio, TX
Property Size2,280 SF
Lot Size0.17 Acres
Price / SF$175
Days on Market48
Property Features for 217 LOTUS ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM-4 CD
Elementary school
Green
Middle school
Poe
High school
Brackenridge
Elementary school district
San Antonio I.S.D.
Middle school district
San Antonio I.S.D.
High school district
San Antonio I.S.D.
Subdivision
1100
Standard status
Active
Size
2,280 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
9993
Amenities
shared backyard space
balcony
Building Details
Year built
1910
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Tre Serrano · License #0687355
(214) 202-7615
Added: Jul 6
Changed: Aug 20
Last Checked: Aug 22 at 5:06PM
MLS# 1809267
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 2,280-square-foot quadplex, built in 1910, contains four one-bedroom, one-bath units. Each apartment includes a full kitchen and a distinct living area, while front and rear entries serve the property. The units are individually metered for utilities and are currently leased. A shared backyard adds outdoor space, and the rear staircase and balcony have been renovated.
The property occupies 0.169 acres at 217 Lotus St in San Antonio’s Lavaca area. Its RM-4 CD zoning supports the existing multifamily configuration. The site is near King William, Essex Modern City, Dignowity Hill, Hemisfair Plaza, the Tower of the Americas, and downtown San Antonio. Southtown destinations including Rosario’s, Liberty Bar, and Blue Star Arts Complex are also identified in the surrounding context.
The property occupies 0.169 acres at 217 Lotus St in San Antonio’s Lavaca area. Its RM-4 CD zoning supports the existing multifamily configuration. The site is near King William, Essex Modern City, Dignowity Hill, Hemisfair Plaza, the Tower of the Americas, and downtown San Antonio. Southtown destinations including Rosario’s, Liberty Bar, and Blue Star Arts Complex are also identified in the surrounding context.
Key Highlights
- Four leased 1‑bedroom, 1‑bath units
- 2,280‑square‑foot quadplex on 0.169 acres
- Built in 1910 with full kitchens and separate living areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,243
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$524,860
$524.9K
Cap Rate 7%
$374,900
$374.9K
Cap Rate 9%
$291,589
$291.6K
Market Conditions
NOI Build-Up for 2,280 SF
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.
Gross rent
$39.7K $17.40/SF
− Vacancy
−$2.2K −$0.96/SF
EGI
$37.5K $16.44/SF
− OpEx
−$11.2K −$4.93/SF
NOI
$26.2K $11.51/SF
Area
San Antonio, TX
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$524,860
Cap Rate 7%
$374,900
Cap Rate 9%
$291,589
Alternative Uses
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
916
Businesses Nearby
Explore this area
Business Placement
Demographics for 78210, TX
33,010
Population
14,410
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
76%
High-School Grad
7.3 sq mi
ZIP Area
4,522
Density / Sq Mi
$51,990
Median Household Income
$33,271
Median Earnings
$1,119
Median Rent
$172,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased apartments offer separate entries, individual utility metering, and access to shared outdoor space.
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: Four leased 1‑bedroom, 1‑bath units; 2,280‑square‑foot quadplex on 0.169 acres; Built in 1910 with full kitchens and separate living areas
