7-Unit Apartment
For Sale
$645,000
1110 W ASHBY PL, San Antonio, TX 78201
Multi-Family (2-8 Units), San Antonio, TX
Property Size3,802 SF
Lot Size0.25 Acres
Price / SF$169.65
Days on Market63
Property Features for 1110 W ASHBY PL
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Elementary school
Beacon Hill
Middle school
Whittier
High school
Jefferson
Elementary school district
San Antonio I.S.D.
Middle school district
San Antonio I.S.D.
High school district
San Antonio I.S.D.
Subdivision
0900
Standard status
Active
Size
3,802 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Annual Amount
6589
Building Details
Year built
1917
Listing Agency:
Keller Williams Boerne · Keller Williams Realty
(830) 816-3500
Listed By:
Timothy Warlow
(210) 696-9996
Added: Jun 30
Changed: Aug 19
Last Checked: Aug 31 at 1:06PM
MLS# 1932803
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.
This 7-unit apartment property includes 3,802 square feet on a 0.251-acre parcel and was built in 1917. Five units are occupied, while the remaining two provide additional leasing capacity within the existing configuration. The property is zoned R6 and is located at 1110 W Ashby Pl in San Antonio’s Alta Vista / Beacon Hill corridor.
The address is near San Antonio College, The Pearl, and St. Mary’s Strip. Reported performance includes a 9.3% going-in cap rate and an 8.3% cap rate after tax reassessment. The asset offers a compact multifamily footprint with a seven-unit configuration and established occupancy.
The address is near San Antonio College, The Pearl, and St. Mary’s Strip. Reported performance includes a 9.3% going-in cap rate and an 8.3% cap rate after tax reassessment. The asset offers a compact multifamily footprint with a seven-unit configuration and established occupancy.
Key Highlights
- Seven‑unit apartment property with 3,802 square feet
- Five of 7 units are occupied
- 0.251‑acre parcel in San Antonio, TX
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
$38,837
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
6.02%
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%
$776,740
$776.7K
Cap Rate 7%
$554,814
$554.8K
Cap Rate 9%
$431,522
$431.5K
Market Conditions
NOI Build-Up for 3,802 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
$75.3K $19.80/SF
− Vacancy
−$4.7K −$1.23/SF
EGI
$70.6K $18.57/SF
− OpEx
−$31.8K −$8.36/SF
NOI
$38.8K $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%
$776,740
Cap Rate 7%
$554,814
Cap Rate 9%
$431,522
Alternative Uses
Best Use
Apartment 5plus
$554.8K
$485.5K – $647.3K
NOI $38,837 @ 7.0% cap · market cap 6.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$969.8K
$848.6K – $1.13M
NOI $67,888 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
1,158
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
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?
Apartment building - R6-zoned multifamily property with five occupied units and established proximity to San Antonio destinations.
Where is this apartment building located?
The property is located at 1110 W ASHBY PL San Antonio, TX.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Seven‑unit apartment property with 3,802 square feet; Five of 7 units are occupied; 0.251‑acre parcel in San Antonio, TX
