Spanish Revival
For Sale
$795,500
277 Post Ave, San Antonio, TX 78215
Multi-Family (2-8 Units), San Antonio, TX
Property Size2,970 SF
Lot Size0.28 Acres
Price / SF$267.85
Days on Market54
Property Features for 277 Post Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Elementary school
Hawthorne
High school
Edison
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
1300
Standard status
Active
Size
2,970 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Annual Amount
11689
Amenities
backyard oasis
Building Details
Year built
1928
Listing Agency:
JB Goodwin, REALTORS
(210) 581-9050
Listed By:
Maria Spencer
(210) 581-9050
Added: Jul 7
Changed: Aug 19
Last Checked: Aug 29 at 5:06AM
MLS# 1998166
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.
Spanish Revival quadplex offering four units configured as one-bedroom, one-bath layouts. Built in 1928, the property totals 2,970 SF on a 0.281-acre lot. Each unit features warm wood and durable laminate flooring, with living and dining areas and fully equipped kitchens that include stoves, ovens, and refrigerators.
The four-plex backs directly up to the grounds of Fort Sam Houston. It is positioned within walking distance of the Pearl District, supporting its current use as a highly successful, established Airbnb and short-term rental.
Outside, the property includes a large backyard designed for outdoor entertaining and evening gatherings. Interior furnishings are completely negotiable to support a seamless transition for the next owner.
The four-plex backs directly up to the grounds of Fort Sam Houston. It is positioned within walking distance of the Pearl District, supporting its current use as a highly successful, established Airbnb and short-term rental.
Outside, the property includes a large backyard designed for outdoor entertaining and evening gatherings. Interior furnishings are completely negotiable to support a seamless transition for the next owner.
Key Highlights
- 0.281‑acre Spanish Revival quadplex backing Fort Sam Houston grounds
- 2,970 SF total building size
- Built in 1928
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
$34,185
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
4.30%
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%
$683,700
$683.7K
Cap Rate 7%
$488,357
$488.4K
Cap Rate 9%
$379,833
$379.8K
Market Conditions
NOI Build-Up for 2,970 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
$51.7K $17.40/SF
− Vacancy
−$2.8K −$0.96/SF
EGI
$48.8K $16.44/SF
− OpEx
−$14.7K −$4.93/SF
NOI
$34.2K $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%
$683,700
Cap Rate 7%
$488,357
Cap Rate 9%
$379,833
Alternative Uses
Best Use
Multifamily LT 5
$488.4K
$427.3K – $569.8K
NOI $34,185 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$433.4K
$379.2K – $505.6K
NOI $30,338 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$757.6K
$662.9K – $883.9K
NOI $53,032 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,254
Businesses Nearby
Explore this area
Business Placement
Demographics for 78215, TX
3,644
Population
3,029
Households
1.2
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.1 sq mi
ZIP Area
3,313
Density / Sq Mi
$82,128
Median Household Income
$75,532
Median Earnings
$1,754
Median Rent
$486,100
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 - Spanish Revival four-plex with four one-bedroom, one-bath units, operating as a turnkey short-term rental near the Pearl District.
Where is this quadplex located?
The property is located at 277 Post Ave San Antonio, TX.
What is the asking price?
The asking price for this property is $795,500.
What are key features of this property?
This property features: 0.281‑acre Spanish Revival quadplex backing Fort Sam Houston grounds; 2,970 SF total building size; Built in 1928
