Building Details

Year built 1969

Listing Agency: Real Broker, LLC Show Phone

Listed By: Analisa Gutierrez Show Phone

Added: Aug 28 Changed: Sep 21 Last Checked: Oct 16 at 12:06PM

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MLS# 2012183

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.

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Investment Insights

Based on property information with market context.

This fourplex contains approximately 4,956 SF on a 0.28-acre lot, with a unit mix of two- and three-bedroom residences. The property was built in 1969 and includes central air, covered parking, shared laundry facilities, mature trees, and updated interiors.

The property is located in Terrell Hills within ZIP code 78209, near Fort Sam Houston, Alamo Heights, The Pearl, downtown San Antonio, major highways, shopping, dining, and entertainment. Its residential configuration and range of unit sizes provide a clear multifamily format in a central San Antonio-area setting.

Key Highlights

• Fourplex with approximately 4,956 SF on a 0.28‑acre lot
• Two- and three‑bedroom unit mix
• Built in 1969 with updated interiors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$52,200

Cap Rate

6.53%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,044,000 $1.0M

Cap Rate 7%

$745,714 $745.7K

Cap Rate 9%

$580,000 $580.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,956 SF

Gross rent

$80.3K $16.20/SF

− Vacancy

−$5.7K −$1.15/SF

EGI

$74.6K $15.05/SF

− OpEx

−$22.4K −$4.51/SF

NOI

$52.2K $10.53/SF

Area

Bexar County, TX

Vacancy

7.12%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,044,000

Cap Rate 7%

$745,714

Cap Rate 9%

$580,000

Alternative Uses

Best Use

Multifamily LT 5

$745.7K

$652.5K – $870.0K (±1% cap)

NOI $52,200 @ 7.0% cap · market cap 6.53%

Second Best

Apartment 5plus

$648.4K

$567.3K – $756.4K (±1% cap)

NOI $45,385 @ 7.0% cap · market cap 5.67%

Theoretical Best

Office A

$1.34M

$1.17M – $1.56M (±1% cap)

NOI $93,896 @ 7.0% cap · market cap 11.74%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Hair Salon Pharmacy Big Box & Wholesale Store Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

137

Businesses Nearby

Explore this area Business Placement

Demographics for 78209, TX

42,456

Population

22,771

Households

1.9

Avg Household Size

40

Median Age

62%

College-Educated

96%

High-School Grad

10.2 sq mi

ZIP Area

4,162

Density / Sq Mi

$84,180

Median Household Income

$57,921

Median Earnings

$1,371

Median Rent

$497,500

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Frequently Asked Questions

What type of property is this?

Quadplex - Four residential units offer a two- and three-bedroom mix, central air, shared laundry, and covered parking.

Where is this quadplex located?

The property is located at 1157 Garraty Rd Terrell Hills, TX.

What is the asking price?

The asking price for this property is $799,900.

What are key features of this property?

This property features: Fourplex with approximately 4,956 SF on a 0.28‑acre lot; Two- and three‑bedroom unit mix; Built in 1969 with updated interiors