Four-Unit Apartment
For Sale
$599,900
508 E DEWEY PL, San Antonio, TX 78212
Multi-Family (2-8 Units), San Antonio, TX
Property Size2,442 SF
Lot Size0.26 Acres
Price / SF$245.66
Days on Market197
Property Features for 508 E DEWEY PL
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MF-33
Elementary school
Call District
Middle school
Call District
High school
Call District
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
0900
Standard status
Active
Size
2,442 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Annual Amount
10371
Utilities
Cooling system
Central Air
Amenities
on-site laundry
Building Details
Year built
1930
Listing Agency:
Keller Williams City-View · Keller Williams Realty
Listed By:
Danny Charbel
(210) 696-9996
Added: Apr 15
Changed: Aug 19
Last Checked: Oct 28 at 3:06PM
MLS# 1888498
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.
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Investment Insights
Based on property information with market context.
This four-unit residential property contains three one-bedroom, one-bath units and one two-bedroom, one-bath unit within a 2,442-square-foot building. The 0.264-acre site is zoned MF-33 and identified for up to eight units. Property improvements include central HVAC, separately metered utilities, updated plumbing, gas water heaters, spray foam insulation, and completed pier-and-beam foundation corrections. An on-site laundry room adds functionality for residents.
Located at 508 E Dewey Pl in San Antonio’s Tobin Hill area, the property provides access to the St. Mary’s Strip. Rear entry is available through a connecting street or alley. Constructed in 1930, the property carries the existing four-unit configuration alongside its stated zoning capacity for up to eight units.
Located at 508 E Dewey Pl in San Antonio’s Tobin Hill area, the property provides access to the St. Mary’s Strip. Rear entry is available through a connecting street or alley. Constructed in 1930, the property carries the existing four-unit configuration alongside its stated zoning capacity for up to eight units.
Key Highlights
- Four‑unit property with three 1‑bedroom/1‑bath units and one 2‑bedroom/1‑bath unit
- 2,442 square feet on a 0.264‑acre lot
- MF‑33 zoning identified for up to 8 units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,108
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$562,160
$562.2K
Cap Rate 7%
$401,543
$401.5K
Cap Rate 9%
$312,311
$312.3K
Market Conditions
NOI Build-Up for 2,442 SF
Gross rent
$42.5K $17.40/SF
− Vacancy
−$2.3K −$0.96/SF
EGI
$40.2K $16.44/SF
− OpEx
−$12.0K −$4.93/SF
NOI
$28.1K $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 Rate 5%
$562,160
Cap Rate 7%
$401,543
Cap Rate 9%
$312,311
Alternative Uses
Best Use
Multifamily LT 5
$401.5K
$351.4K – $468.5K
NOI $28,108 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$356.4K
$311.8K – $415.8K
NOI $24,945 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$622.9K
$545.1K – $726.7K
NOI $43,604 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
4
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,357
Businesses Nearby
Explore this area
Business Placement
Demographics for 78212, TX
26,738
Population
13,399
Households
2
Avg Household Size
39
Median Age
39%
College-Educated
85%
High-School Grad
6.9 sq mi
ZIP Area
3,875
Density / Sq Mi
$60,222
Median Household Income
$40,037
Median Earnings
$1,084
Median Rent
$299,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Income-producing residential property with varied unit layouts, central cooling, separate utility meters, and on-site laundry.
Where is this quadplex located?
The property is located at 508 E DEWEY PL San Antonio, TX.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Four‑unit property with three 1‑bedroom/1‑bath units and one 2‑bedroom/1‑bath unit; 2,442 square feet on a 0.264‑acre lot; MF‑33 zoning identified for up to 8 units
