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    The Largest CRE Database in the US with Over 1 Million Listings

    46 E Washington St San Angelo, TX 76903

    Sponsored
    For Sale
    $6,350,000

    MULTI_FAMILY - San Angelo, TX

    Property size:
    15,360 SF
    Days on Market:
    4
    Last Refresh:
    Feb 20 at 2:06 am

    Property Features for 46 E Washington St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Double Pane Windows
    Rooms
    Bedroom 21, Bedroom 39, Bedroom 43, Bedroom 6, Bedroom 9, Bedroom 45, Bedroom 47, Bedroom 56, Bedroom 5, Bedroom 11, Bedroom 50, Bedroom 48, Bedroom 46, Bedroom 38, Bedroom 40, Bedroom 26, Bedroom 14, Bedroom 3, Bedroom 19, Bedroom 12, Bedroom 1, Bedroom 51, Bedroom 31, Bedroom 4, Bedroom 2, Bedroom 54, Bedroom 17, Dining Room, Bedroom 29, Bedroom 13, Bedroom 20, Bedroom 8, Bedroom 35, Bedroom 27, Bedroom 49, Bedroom 25, Bedroom 36, Bedroom 23, Bedroom 18, Bedroom 55, Bedroom 22, Bedroom 32, Bedroom 34, Bedroom 52, Bedroom 28, Bedroom 37, Bedroom 16, Bedroom 24, Bedroom 7, Bedroom 41, Bedroom 33, Bedroom 42, Bedroom 44, Bedroom 15, Bedroom 53, Bedroom 30, Bedroom 10
    Bedrooms
    56
    Parking features
    Assigned
    Interior features
    Storage, In Building Utility Room, Kitchen/Dining Combo
    Exterior features
    Private Entrance
    Appliances
    Dishwasher, Disposal, Electric Oven/Range, Vented Exhaust Fan, Water Heater
    Size
    15,360 SF

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    2020
    Floors in Building
    2
    Number of units
    20
    Flooring type
    Vinyl
    Building materials
    Frame
    Roof type
    Composition
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Dave West
    Dave West

    Addresses Real Estate LLC (325) 942-6400

    Listing agent Dave West (325) 812-8724

    Listing date Feb 17, 2026

    MLS# 120955 Listing URL

    Copyright © 2026 San Angelo Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    San Angelo Multifamily Investment Opportunity

    This property features 20 duplexes, comprising 24 one-bedroom, one-bathroom units and 16 two-bedroom, two-bathroom units, totaling 40 units. Additionally, there are 13 storage units and six washer/dryer units, along with income from a cell tower rental, all situated on one block. The duplexes were constructed between 2020 and 2024. The sprinkler system adheres to NFPA 13D code, eliminating the requirement for city monitoring. The property is located across from Fort Concho. The property size is 15,360 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    San Angelo
    County
    Tom Green
    State
    Texas
    Longitude
    -100.4530621
    Latitude
    31.45899079

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    FAQs

    What type of property is this?
    Apartment building - 40-unit multifamily property with storage and cell tower rental income.
    Where is this apartment building located?
    The property is located at 46 E Washington St San Angelo, TX.
    What is the asking price?
    The asking price for this property is $6,350,000.
    What are key features of this property?
    This property features: - Portfolio of 20 duplexes (40 total units) offering diverse rental options.; - Newer construction, built between 2020 and 2024.; - Additional income potential from 13 storage units, six washer/dryer units, and cell tower rental.
    (325) 812-8724
    Request Owner's contact information
    46 E Washington St San Angelo, TX 76903
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    San Angelo, TX 76903
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    46 E Washington St San Angelo, TX 76903
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    We can help!
    Listing Contact
    Dave West
    Dave West
    Real Estate License ID: TREC 0633329
    (325) 812-8724 (325) 942-6400 (325) 374-4943
    Learn more
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