Leased Quadplex with
For Sale
$389,900
1007 El Paso St, San Antonio, TX 78207
Four-unit multifamily property with MF-33 zoning, fencing, and owner-paid utilities.
Property Size1,232 SF
Price / SF$316.48
Days on Market26
Property Features for 1007 El Paso St
General Information
Standard status
Active
Size
1,232 SF
Property subtype
Multi-Family
Zoning
MF-33
Occupancy
100%
Additional Details
Opportunity Zone
Yes
Utilities to Site
Yes
Multifamily Units
4
Amenities
fenced
off-street parking
Building Details
Year Built
1948
Listing Agency:
Home Sweet San Antonio LLC
(210) 647-6557
Listed By:
Hillary Romero
Source:
Thebranchinc
Added: Aug 7
Changed: Aug 31
Last Checked: Aug 30 at 8:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Home Sweet San Antonio LLC
Investment Insights
Based on property information with market context.
This four-unit multifamily property at 1007 El Paso St in San Antonio is fully leased through 4/30/2026. Built in 1948, the property is zoned MF-33 and is being offered in its existing as-is condition.
The site is fenced and includes off-street parking. Utility service is supported by one electric meter and one water meter, with all utilities paid by the owner. The property is located within an Opportunity Zone.
The site is fenced and includes off-street parking. Utility service is supported by one electric meter and one water meter, with all utilities paid by the owner. The property is located within an Opportunity Zone.
Key Highlights
- Four‑unit property leased through 4/30/2026
- MF‑33 zoning
- Fenced property with off‑street parking
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
$14,180
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
3.64%
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%
$283,600
$283.6K
Cap Rate 7%
$202,571
$202.6K
Cap Rate 9%
$157,556
$157.6K
Market Conditions
NOI Build-Up for 1,232 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
$21.4K $17.40/SF
− Vacancy
−$1.2K −$0.96/SF
EGI
$20.3K $16.44/SF
− OpEx
−$6.1K −$4.93/SF
NOI
$14.2K $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%
$283,600
Cap Rate 7%
$202,571
Cap Rate 9%
$157,556
Alternative Uses
Best Use
Multifamily LT 5
$202.6K
$177.3K – $236.3K
NOI $14,180 @ 7.0% cap · market cap 3.64%
Second Best
Apartment 5plus
$179.8K
$157.3K – $209.8K
NOI $12,585 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$314.3K
$275.0K – $366.6K
NOI $21,998 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,206
Businesses Nearby
Explore this area
Business Placement
Demographics for 78207, TX
51,705
Population
18,750
Households
2.8
Avg Household Size
34
Median Age
6%
College-Educated
62%
High-School Grad
7.3 sq mi
ZIP Area
7,083
Density / Sq Mi
$30,655
Median Household Income
$23,696
Median Earnings
$857
Median Rent
$93,200
Median Home Value
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 - Four-unit multifamily property with MF-33 zoning, fencing, and owner-paid utilities.
Where is this quadplex located?
The property is located at 1007 El Paso St San Antonio, TX.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Four‑unit property leased through 4/30/2026; MF‑33 zoning; Fenced property with off‑street parking
