Courtyard Apartment
For Sale
$795,000
119 Bank, San Antonio, TX 78204
Multiple buildings surround a central courtyard with ceramic tile and laminate interior finishes.
Property Size5,510 SF
Price / SF$144.28
Days on Market222
Property Features for 119 Bank
General Information
Standard status
Active
Size
5,510 SF
Property subtype
Multi-Family
Net Operating Income
$70,170
Financials
Asking Price
$795,000
Cap Rate
8.8%
Gross Income
$113,700
Units
Unit Mix
5 x efficiency, 4 x 1BR, 1 x 3BR/1BA, 1 x co-living house
Multifamily Units
11
Additional Details
Utilities to Site
Yes
Amenities
central courtyard
Building Details
Year Built
1949
Listing Agency:
Keller Williams Legacy
Listed By:
Arthur Sable
(210) 986-1165
Source:
Thebranchinc
Added: Mar 13
Changed: Oct 1
Last Checked: Oct 7 at 1:44PM
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 Legacy
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Investment Insights
Based on property information with market context.
This apartment property at 119 Bank, San Antonio, comprises 5,510 square feet across multiple buildings with 11 rentable units. The improvements date to 1949 and include a central courtyard, ceramic tile, and laminate finishes. The property is offered for sale, with cash buyers and investors identified as acceptable purchasers.
All utilities are included in the operating arrangement, with water and electric paid by the owner. The property also carries an 8.8 cap rate. Its address places the asset in San Antonio’s 78204 ZIP code, while the multi-building configuration provides a range of apartment and residential layouts within one compound.
All utilities are included in the operating arrangement, with water and electric paid by the owner. The property also carries an 8.8 cap rate. Its address places the asset in San Antonio’s 78204 ZIP code, while the multi-building configuration provides a range of apartment and residential layouts within one compound.
Key Highlights
- 11 rentable units across multiple buildings
- 5,510‑square‑foot apartment property built in 1949
- Central courtyard connects the multi‑building compound
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,284
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,125,680
$1.1M
Cap Rate 7%
$804,057
$804.1K
Cap Rate 9%
$625,378
$625.4K
Market Conditions
NOI Build-Up for 5,510 SF
Gross rent
$109.1K $19.80/SF
− Vacancy
−$6.8K −$1.23/SF
EGI
$102.3K $18.57/SF
− OpEx
−$46.1K −$8.36/SF
NOI
$56.3K $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 Rate 5%
$1,125,680
Cap Rate 7%
$804,057
Cap Rate 9%
$625,378
Alternative Uses
Best Use
Apartment 5plus
$804.1K
$703.6K – $938.1K
NOI $56,284 @ 7.0% cap · market cap 7.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,386 @ 7.0% cap · market cap 12.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
11
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
814
Businesses Nearby
Explore this area
Business Placement
Demographics for 78204, TX
11,298
Population
6,210
Households
1.8
Avg Household Size
39
Median Age
27%
College-Educated
78%
High-School Grad
2.7 sq mi
ZIP Area
4,184
Density / Sq Mi
$54,667
Median Household Income
$35,107
Median Earnings
$1,516
Median Rent
$142,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Multiple buildings surround a central courtyard with ceramic tile and laminate interior finishes.
Where is this apartment building located?
The property is located at 119 Bank San Antonio, TX.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 11 rentable units across multiple buildings; 5,510‑square‑foot apartment property built in 1949; Central courtyard connects the multi‑building compound
