Fully Leased
For Sale
$799,000
6922 Crestway Rd, San Antonio, TX 78239
Multi-Family (2-8 Units), San Antonio, TX
Property Size4,900 SF
Price / SF$163.06
Days on Market150
Property Features for 6922 Crestway Rd
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
OCL
Elementary school
Montgomery
Middle school
White Ed
High school
Roosevelt
Subdivision
1600
Standard status
Active
Size
4,900 SF
Taxes and HOA fees
Tax Annual Amount
12198
Utilities
Cooling system
Central Air
Building Details
Year built
2021
Listing Agency:
Vortex Realty
(210) 647-6557
Listed By:
Mariana Campos
(210) 867-7700
Added: Apr 15
Changed: Sep 1
Last Checked: Sep 11 at 6:06PM
MLS# 1880887
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 2021, this fourplex contains 4,900 square feet and is configured as an income property with all four units rented. Interior features include open-plan layouts, stained concrete and carpet flooring, with laminated flooring installed throughout some residences. Walk-in closets provide additional storage, while central air and heat serve the units.
Each residence includes a refrigerator, dishwasher, range, and built-in microwave. Washer and dryer connections are also provided. The property is zoned OCL and sits near Loop 1604, I-35, The Forum Shops, and IKEA. Fort Sam Houston is approximately 10 minutes away, the airport is approximately 15 minutes away, and the Pearl and Alamodome are approximately 20 minutes away.
Each residence includes a refrigerator, dishwasher, range, and built-in microwave. Washer and dryer connections are also provided. The property is zoned OCL and sits near Loop 1604, I-35, The Forum Shops, and IKEA. Fort Sam Houston is approximately 10 minutes away, the airport is approximately 15 minutes away, and the Pearl and Alamodome are approximately 20 minutes away.
Key Highlights
- Fourplex with 4,900 square feet, built in 2021
- All four units are currently rented
- Central air and heat in the residences
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
$56,399
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
7.06%
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%
$1,127,980
$1.1M
Cap Rate 7%
$805,700
$805.7K
Cap Rate 9%
$626,656
$626.7K
Market Conditions
NOI Build-Up for 4,900 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
$85.3K $17.40/SF
− Vacancy
−$4.7K −$0.96/SF
EGI
$80.6K $16.44/SF
− OpEx
−$24.2K −$4.93/SF
NOI
$56.4K $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 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%
$1,127,980
Cap Rate 7%
$805,700
Cap Rate 9%
$626,656
Alternative Uses
Best Use
Multifamily LT 5
$805.7K
$705.0K – $940.0K
NOI $56,399 @ 7.0% cap · market cap 7.06%
Second Best
Apartment 5plus
$715.0K
$625.7K – $834.2K
NOI $50,053 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,493 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
Explore this area
Business Placement
Demographics for 78239, TX
31,554
Population
10,639
Households
3
Avg Household Size
38
Median Age
27%
College-Educated
90%
High-School Grad
6.4 sq mi
ZIP Area
4,930
Density / Sq Mi
$71,455
Median Household Income
$36,235
Median Earnings
$1,401
Median Rent
$215,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - All four residences are occupied and feature central air conditioning.
Where is this quadplex located?
The property is located at 6922 Crestway Rd San Antonio, TX.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Fourplex with 4,900 square feet, built in 2021; All four units are currently rented; Central air and heat in the residences
