Multifamily Property with
For Sale
$400,000
6321 & 6323 Attucks Ln, San Antonio, TX 78238
Multi-Family (2-8 Units), San Antonio, TX
Property Size2,446 SF
Lot Size0.07 Acres
Price / SF$163.53
Days on Market112
Property Features for 6321 & 6323 Attucks Ln
General Information
Property type
Residential Multi Family
Property subtype
Other
Elementary school
Powell Lawrence
Middle school
Ross Sul
High school
Holmes Oliver W
Elementary school district
Northside
Middle school district
Northside
High school district
Northside
Subdivision
0300
Standard status
Active
Size
2,446 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
10262
Building Details
Year built
2014
Listing Agency:
Clark Realty & Associates,LLC
(210) 655-5355
Listed By:
Janine Moore
(210) 722-5579
Added: May 18
Changed: Aug 20
Last Checked: Sep 6 at 6:06AM
MLS# 1955232
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.
Built in 2014, this 2,446-square-foot multifamily property includes residences with three bedrooms, two and one-half bathrooms, and a one-car garage for each unit. Interior features include tray ceilings with crown molding and ceiling fans in the living areas, along with kitchens finished with granite countertops. Ceramic tile extends across the first floor, while carpet is installed upstairs. Each residence also includes a private backyard enclosed by a privacy fence.
The property is located near the Medical Center, Loop 410, USAA, and UTSA, providing access to several major employment, education, and transportation destinations in the surrounding area. The site encompasses 0.065 acres in San Antonio’s 78238 ZIP code.
The property is located near the Medical Center, Loop 410, USAA, and UTSA, providing access to several major employment, education, and transportation destinations in the surrounding area. The site encompasses 0.065 acres in San Antonio’s 78238 ZIP code.
Key Highlights
- 2,446‑square‑foot multifamily property built in 2014
- Each unit includes 3 bedrooms, 2.5 bathrooms, and a one‑car garage
- Private backyard for each unit with privacy fencing
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
$24,985
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
6.25%
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%
$499,700
$499.7K
Cap Rate 7%
$356,929
$356.9K
Cap Rate 9%
$277,611
$277.6K
Market Conditions
NOI Build-Up for 2,446 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
$48.4K $19.80/SF
− Vacancy
−$3.0K −$1.23/SF
EGI
$45.4K $18.57/SF
− OpEx
−$20.4K −$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%
$499,700
Cap Rate 7%
$356,929
Cap Rate 9%
$277,611
Alternative Uses
Best Use
Apartment 5plus
$356.9K
$312.3K – $416.4K
NOI $24,985 @ 7.0% cap · market cap 6.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$623.9K
$545.9K – $727.9K
NOI $43,675 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
557
Businesses Nearby
Explore this area
Business Placement
Demographics for 78238, TX
26,014
Population
11,726
Households
2.2
Avg Household Size
35
Median Age
21%
College-Educated
87%
High-School Grad
10.2 sq mi
ZIP Area
2,550
Density / Sq Mi
$56,227
Median Household Income
$36,268
Median Earnings
$1,183
Median Rent
$191,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Two-level residences feature private fenced yards, granite kitchen counters, and attached one-car garages.
Where is this multifamily property located?
The property is located at 6321 & 6323 Attucks Ln San Antonio, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 2,446‑square‑foot multifamily property built in 2014; Each unit includes 3 bedrooms, 2.5 bathrooms, and a one‑car garage; Private backyard for each unit with privacy fencing
