New Townhomes Near Pearl
719 E Locust St #2104 San Antonio, TX 78212
719 E Locust St #2104, San Antonio, TX, 78212
$515,000
For Sale
$515,000
New 48-unit townhome community near San Antonio's Pearl District.
Property Size1,953 SF
Price / SF$263.70
Days on Market479
Property Features for 719 E Locust St #2104
General Information
- Standard status
- Active
- Size
- 1,953 SF
- Property subtype
- Townhouse
Building Details
- Year Built
- 2024
Listing Agency
KELLER WILLIS SAN ANTONIO INC
(210) 378-0878
Listed by
Donnie Walker · License #697847
(210) 378-0878
Source
Kw
Added: Mar 27, 2025 Checked: Jul 6 at 8:19 am
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 WILLIS SAN ANTONIO INC
Investment Insights
Based on property information with market context.
Grayson House features 48 new townhomes located blocks from San Antonio's Historic Pearl District and close to Downtown San Antonio and St. Mary's Strip. These three and four-story townhomes offer sleek design, open layouts, modern finishes, and city views in select units. Elegant features include quartz countertops in the kitchen and bathrooms, smart thermostats, keypad entries, and matte black hardware. Tile flooring is present in all bathrooms, and attached one-car garages and walk-in closets with custom-built wood shelving are included. Kitchen islands, a full-size front load laundry set, and high ceilings are also featured. The kitchens are equipped with a french door fridge, a 52-bottle wine fridge, a gas cooktop, a canopy vent hood, and a wall oven. Wood-style flooring is installed throughout the living room, kitchen, and bedrooms. Select floor plans include 36-inch soaking tubs, private yards, and balconies. The property is located in an area experiencing growth, with new residential, commercial, and retail developments within walking distance. The property size is 1953 square feet.
Key Highlights
- Prime Location: Blocks from the Historic Pearl District, close to Downtown San Antonio and St. Mary's Strip.
- New Construction: Built in 2024, featuring modern design and finishes.
- Upscale Amenities: Quartz countertops, smart thermostat, keypad entries, matte black hardware, and included appliances.
Local 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 | $38.7k | $19.80 |
| − Vacancy | −$2.4k | −$1.23 |
| EGI | $36.3k | $18.57 |
| − OpEx | −$16.3k | −$8.36 |
| NOI | $19.9k | $10.21 |
1,953 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$285.0K
$249.4K – $332.5K
NOI $19,950 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$498.2K
$435.9K – $581.2K
NOI $34,872 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - New 48-unit townhome community near San Antonio's Pearl District.
Where is this apartment building located?
The property is located at 719 E Locust St #2104 San Antonio, TX.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Prime Location: Blocks from the Historic Pearl District, close to Downtown San Antonio and St. Mary's Strip.; New Construction: Built in 2024, featuring modern design and finishes.; Upscale Amenities: Quartz countertops, smart thermostat, keypad entries, matte black hardware, and included appliances.
