Two-Story Four-Unit
For Sale
$284,999
Pending
434 Buckingham Ave, San Antonio, TX 78210
Multi-Family (2-8 Units), San Antonio, TX
Property Size2,452 SF
Lot Size0.15 Acres
Days on Market55
Property Features for 434 Buckingham Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
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
1900
Standard status
Pending
Size
2,452 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
5085
Building Details
Year built
1925
Listing Agency:
eXp Realty
(888) 519-7431
Listed By:
Shane Neal
(888) 519-7431
Added: Jul 2
Changed: Aug 19
Last Checked: Aug 25 at 6:06PM
MLS# 1936218
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 two-story quadplex contains four occupied units within 2,452 square feet. The layout includes two 2-bedroom, 1-bath residences and two 1-bedroom, 1-bath residences. Built in 1925, the property provides a mix of floor plans within a compact multifamily configuration.
Located in San Antonio’s Highland Park area near downtown, the property sits just off a highway with access to employment centers, dining, and entertainment. Its 0.152-acre lot supports the existing residential income use.
Located in San Antonio’s Highland Park area near downtown, the property sits just off a highway with access to employment centers, dining, and entertainment. Its 0.152-acre lot supports the existing residential income use.
Key Highlights
- Four occupied units: two 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units
- 2,452 square feet across a two‑story property
- Built in 1925
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
$25,047
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
8.79%
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%
$500,940
$500.9K
Cap Rate 7%
$357,814
$357.8K
Cap Rate 9%
$278,300
$278.3K
Market Conditions
NOI Build-Up for 2,452 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
$48.5K $19.80/SF
− Vacancy
−$3.0K −$1.23/SF
EGI
$45.5K $18.57/SF
− OpEx
−$20.5K −$8.36/SF
NOI
$25.0K $10.21/SF
Area
San Antonio, TX
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
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%
$500,940
Cap Rate 7%
$357,814
Cap Rate 9%
$278,300
Alternative Uses
Best Use
Multifamily LT 5
$403.2K
$352.8K – $470.4K
NOI $28,223 @ 7.0% cap · market cap 9.90%
Second Best
Apartment 5plus
$357.8K
$313.1K – $417.5K
NOI $25,047 @ 7.0% cap · market cap 8.79%
Theoretical Best
Office A
$625.5K
$547.3K – $729.7K
NOI $43,782 @ 7.0% cap · market cap 15.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
515
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 - Occupied residential income property with a varied unit mix near downtown San Antonio.
Where is this quadplex located?
The property is located at 434 Buckingham Ave San Antonio, TX.
What is the asking price?
The asking price for this property is $284,999.
What are key features of this property?
This property features: Four occupied units: two 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units; 2,452 square feet across a two‑story property; Built in 1925
