Cash-Flowing 7-Unit
1110 West Ashby Place San Antonio, TX 78201
For Sale
$645,000
7-unit multifamily asset with 5 units occupied and reported $60,000 net operating income.
Property Size3,802 SF
Price / SF$169.65
Days on Market225
Property Features for 1110 West Ashby Place
General Information
- Standard status
- Active
- Size
- 3,802 SF
- Property subtype
- Multi-Family / Two Story
Building Details
- Year Built
- 1917
Listing Agency:
Keller Williams Boerne
(210) 818-9457
Listed By:
Timothy Warlow
(210) 818-9457
Source:
Compass
Added: Dec 10, 2025
Changed: Jul 23
Last Checked: Jul 23 at 5:43AM
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 Keller Williams Boerne
Investment Insights
Based on property information with market context.
This for-sale 7-unit multifamily property is currently 5 of 7 units occupied. The asset is described as cash-flowing, producing approximately $60,000 in net operating income, with going-in cap rate figures cited at 9.3% and 8.3% after tax reassessment. With most units already generating income, the remaining vacancy represents potential for additional rent once leased.
The property is located in the Alta Vista / Beacon Hill corridor of San Antonio and is positioned just minutes from San Antonio College, The Pearl, and St. Mary’s Strip, supporting steady rental demand in the area.
At the time of listing, the owner’s materials also indicate fundamentals aligned to current yield-focused acquisition criteria, based on the reported income and cap rate metrics.
The property is located in the Alta Vista / Beacon Hill corridor of San Antonio and is positioned just minutes from San Antonio College, The Pearl, and St. Mary’s Strip, supporting steady rental demand in the area.
At the time of listing, the owner’s materials also indicate fundamentals aligned to current yield-focused acquisition criteria, based on the reported income and cap rate metrics.
Key Highlights
- 7‑unit multifamily asset with 5 of 7 units currently occupied
- Reported approximately $60,000 net operating income
- Going‑in cap rate reported as 9.3% and 8.3% after tax reassessment
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.3k | $19.80 |
| − Vacancy | −$4.7k | −$1.23 |
| EGI | $70.6k | $18.57 |
| − OpEx | −$31.8k | −$8.36 |
| NOI | $38.8k | $10.21 |
3,802 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - 7-unit multifamily asset with 5 units occupied and reported $60,000 net operating income.
Where is this apartment building located?
The property is located at 1110 West Ashby Place 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: 7‑unit multifamily asset with 5 of 7 units currently occupied; Reported approximately $60,000 net operating income; Going‑in cap rate reported as 9.3% and 8.3% after tax reassessment
