4-Unit Corner
For Sale
$567,000
1040 Clower, San Antonio, TX 78201
Built in 1981, the property contains four rental units with frontage along Clower and Michigan.
Property Size2,480 SF
Price / SF$228.63
Days on Market77
Property Features for 1040 Clower
General Information
Standard status
Active
Size
2,480 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Building Details
Year Built
1981
Listing Agency:
Premier Realty Group Platinum
Listed By:
Debra Rangel-Munoz
(210) 641-1400
Source:
Theswinneygroup
Added: Aug 1
Changed: Oct 11
Last Checked: Oct 7 at 5:16PM
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 Premier Realty Group Platinum
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Investment Insights
Based on property information with market context.
This quadplex contains four rental units at 1040 Clower in San Antonio. The property was built in 1981, and all units share the same legal address. Two units face Clower, while the remaining two face Michigan, providing a distinct corner-lot configuration.
The property sits at the corner of Clower and Michigan, with unit orientation along both streets. Its four-unit layout and established construction provide a straightforward multifamily configuration for a residential income property.
The property sits at the corner of Clower and Michigan, with unit orientation along both streets. Its four-unit layout and established construction provide a straightforward multifamily configuration for a residential income property.
Key Highlights
- Four rental units at one legal address
- Corner lot at Clower and Michigan
- Two units face Clower and two face Michigan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,545
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$570,900
$570.9K
Cap Rate 7%
$407,786
$407.8K
Cap Rate 9%
$317,167
$317.2K
Market Conditions
NOI Build-Up for 2,480 SF
Gross rent
$43.2K $17.40/SF
− Vacancy
−$2.4K −$0.96/SF
EGI
$40.8K $16.44/SF
− OpEx
−$12.2K −$4.93/SF
NOI
$28.5K $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%
$570,900
Cap Rate 7%
$407,786
Cap Rate 9%
$317,167
Alternative Uses
Best Use
Multifamily LT 5
$407.8K
$356.8K – $475.8K
NOI $28,545 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$361.9K
$316.7K – $422.2K
NOI $25,333 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$632.6K
$553.5K – $738.0K
NOI $44,282 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
747
Businesses Nearby
Explore this area
Business Placement
Demographics for 78201, TX
42,005
Population
18,661
Households
2.3
Avg Household Size
39
Median Age
17%
College-Educated
73%
High-School Grad
7.1 sq mi
ZIP Area
5,916
Density / Sq Mi
$46,129
Median Household Income
$30,517
Median Earnings
$1,033
Median Rent
$187,400
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 - Built in 1981, the property contains four rental units with frontage along Clower and Michigan.
Where is this quadplex located?
The property is located at 1040 Clower San Antonio, TX.
What is the asking price?
The asking price for this property is $567,000.
What are key features of this property?
This property features: Four rental units at one legal address; Corner lot at Clower and Michigan; Two units face Clower and two face Michigan
