New Townhomes Near Pearl
For Sale
$561,000
719 E Locust St #4104 San, San Antonio, TX 78212
48 new townhomes near San Antonio's Historic Pearl District.
Property Size1,953 SF
Price / SF$287.25
Days on Market555
Property Features for 719 E Locust St #4104 San
General Information
Standard status
Active
Size
1,953 SF
Property subtype
Townhouse
Building Details
Year Built
2024
Listing Agency:
Keller Williams City View
(210) 378-0878
Listed By:
Donnie Walker · License #697847
(210) 378-0878
Source:
Kw
Added: Jan 24, 2025
Changed: Jul 6
Last Checked: May 19 at 9:06PM
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 City View
Investment Insights
Based on property information with market context.
Grayson House features 48 new three and four-story townhomes located blocks from San Antonio's Historic Pearl District and close to Downtown San Antonio and St. Mary's Strip. The units feature sleek, thoughtful design, open layouts, modern finishes, and city views for select units. Elegant features include quartz countertops in the kitchen and bathrooms, a smart thermostat, keypad entries, and matte black hardware. Tile flooring is installed in all bathrooms, and attached one-car garages are included. Expansive walk-in closets feature custom-built wood shelving. Kitchen islands are designed for cooking and entertaining. Each unit includes a full-size front load laundry set. High ceilings enhance the sense of space. 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 also feature 36-inch soaking tubs, private yards, and balconies. The property is located within walking distance of new residential, commercial, and retail developments in the Pearl area.
Key Highlights
- Prime Location: Blocks from the Historic Pearl District, close to Downtown San Antonio and St. Mary's Strip.
- New Construction: 48 new townhomes built in 2024, offering modern design and finishes.
- Desirable Features: Quartz countertops, smart thermostat, keypad entries, matte black hardware, and wood‑style flooring.
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 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$498.2K
$435.9K – $581.2K
NOI $34,872 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,104
Businesses Nearby
Explore this area
Business Placement
Demographics for 78212, TX
26,738
Population
13,399
Households
2
Avg Household Size
39
Median Age
39%
College-Educated
85%
High-School Grad
6.9 sq mi
ZIP Area
3,875
Density / Sq Mi
$60,222
Median Household Income
$40,037
Median Earnings
$1,084
Median Rent
$299,400
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?
Apartment building - 48 new townhomes near San Antonio's Historic Pearl District.
Where is this apartment building located?
The property is located at 719 E Locust St #4104 San San Antonio, TX.
What is the asking price?
The asking price for this property is $561,000.
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: 48 new townhomes built in 2024, offering modern design and finishes.; Desirable Features: Quartz countertops, smart thermostat, keypad entries, matte black hardware, and wood‑style flooring.
