Two-Building Fourplex
For Sale
$475,000
10911 Baltic Drive, San Antonio, TX 78213
Well-maintained fourplex with two buildings, each offering 2 bed/2 bath units with washer and dryer hookups.
Property Size3,572 SF
Price / SF$132.98
Days on Market179
Property Features for 10911 Baltic Drive
General Information
Standard status
Active
Size
3,572 SF
Total Parking Spaces
8
Property subtype
Multi-Family / One Story
Zoning
MF
Net Operating Income
$59,002
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$10,204
Amenities
washer and dryer hookups
Carpeting, Ceramic Tile, Laminate
Composition
Slab
Pre-Owned
Conventional, Cash, Investors OK
Cable TV Available
Building Details
Year Built
2009
Listing Agency:
Sophus Properties, LLC
Listed By:
Donna Crabtree · License #512451
(210) 219-3045
Source:
Compass
Added: Mar 14
Changed: Aug 8
Last Checked: Jul 22 at 9:34AM
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 Sophus Properties, LLC
Investment Insights
Based on property information with market context.
This well-maintained fourplex offers a practical, tenant-friendly layout with four spacious units arranged across two separate buildings on a very large lot. Each unit is configured with 2 bedrooms and 2 bathrooms and includes an open floor plan. Washer and dryer hookups are provided in every unit, and each unit also includes two dedicated parking spaces.
Tenants pay all utilities, which can help minimize operating expenses. The property is located in a North Central area within the NEISD school district.
From a configuration standpoint, the two-building design supports privacy while maintaining a straightforward four-unit structure, with dedicated parking and in-unit laundry hookups as key convenience features for residents.
Tenants pay all utilities, which can help minimize operating expenses. The property is located in a North Central area within the NEISD school district.
From a configuration standpoint, the two-building design supports privacy while maintaining a straightforward four-unit structure, with dedicated parking and in-unit laundry hookups as key convenience features for residents.
Key Highlights
- Well‑maintained 4‑plex built in 2009 with two separate buildings on a very large lot
- Each of the four units offers 2 bedrooms and 2 bathrooms with an open floor plan
- Washer and dryer hookup included in every unit
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
$41,114
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
8.66%
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%
$822,280
$822.3K
Cap Rate 7%
$587,343
$587.3K
Cap Rate 9%
$456,822
$456.8K
Market Conditions
NOI Build-Up for 3,572 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
$62.2K $17.40/SF
− Vacancy
−$3.4K −$0.96/SF
EGI
$58.7K $16.44/SF
− OpEx
−$17.6K −$4.93/SF
NOI
$41.1K $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%
$822,280
Cap Rate 7%
$587,343
Cap Rate 9%
$456,822
Alternative Uses
Best Use
Multifamily LT 5
$587.3K
$513.9K – $685.2K
NOI $41,114 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$521.2K
$456.1K – $608.1K
NOI $36,487 @ 7.0% cap · market cap 7.68%
Theoretical Best
Office A
$911.2K
$797.3K – $1.06M
NOI $63,781 @ 7.0% cap · market cap 13.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
843
Businesses Nearby
Explore this area
Business Placement
Demographics for 78213, TX
40,589
Population
18,184
Households
2.2
Avg Household Size
36
Median Age
23%
College-Educated
81%
High-School Grad
8.0 sq mi
ZIP Area
5,074
Density / Sq Mi
$53,342
Median Household Income
$34,799
Median Earnings
$1,161
Median Rent
$199,500
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 - Well-maintained fourplex with two buildings, each offering 2 bed/2 bath units with washer and dryer hookups.
Where is this quadplex located?
The property is located at 10911 Baltic Drive San Antonio, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Well‑maintained 4‑plex built in 2009 with two separate buildings on a very large lot; Each of the four units offers 2 bedrooms and 2 bathrooms with an open floor plan; Washer and dryer hookup included in every unit
