Tobin Hill Four-Unit Multifamily
508 E DEWEY PL San Antonio, TX 78212
For Sale
$599,900
MULTI_FAMILY - San Antonio, TX
Property Size2,442 SF
Lot Size0.26 Acres
Price / SF$245.66
Days on Market201
Property Features for 508 E DEWEY PL
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MF-33
- 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
Building Details
- Year built
- 1930
Listing Agency:
Keller Williams City-View
(210) 696-9996
Listed By:
Danny Charbel · License #582344
(210) 696-9996
Added: Jan 7
Changed: Apr 15
Last Checked: Jul 27 at 7:06AM
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.
Investment Insights
Based on property information with market context.
This four-unit property is located in Tobin Hill, offering access to the St. Mary's Strip. The 0.26-acre lot is zoned for up to 8 units, providing expansion possibilities. The building consists of three 1-bedroom, 1-bathroom units and one 2-bedroom, 1-bathroom unit. It can cater to a diverse tenant base including students, tourists, locals, and service & medical industry professionals. Modern upgrades include central HVAC units, separately metered utilities, plumbing updates, gas water heaters, pier & beam foundation corrections, and spray foam insulation for efficiency. Rear access is available via a through-street/alley. An on-site laundry room adds practicality. The property has 2442 square feet of space and is located in Bexar County. The zoning is MF-33.
Key Highlights
- Zoned for up to 8 units, offering significant expansion potential on a 0.26‑acre lot.
- Prime location in Tobin Hill with immediate access to the St. Mary's Strip.
- Four‑unit property comprised of three 1‑bedroom/1‑bathroom units and one 2‑bedroom/1‑bathroom unit.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.5k | $17.40 |
| − Vacancy | −$2.3k | −$0.96 |
| EGI | $40.2k | $16.44 |
| − OpEx | −$12.0k | −$4.93 |
| NOI | $28.1k | $11.51 |
2,442 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four-unit property near St. Mary's Strip with expansion potential.
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: Zoned for up to 8 units, offering significant expansion potential on a 0.26‑acre lot.; Prime location in Tobin Hill with immediate access to the St. Mary's Strip.; Four‑unit property comprised of three 1‑bedroom/1‑bathroom units and one 2‑bedroom/1‑bathroom unit.
