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    San Antonio Multifamily Investment Opportunity Title is generated by Realmo AI

    119 Bank, San Antonio, TX 78204

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    Claim this Listing
    New
    For Sale
    Under Contract
    $795,000

    MULTI_FAMILY - San Antonio, TX

    Property size:
    5,510 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $144/SF
    Added:
    Jun 19, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 19 at 9:06 pm

    Property Features for 119 Bank

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Size
    5,510 SF
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Annual Amount
    17852

    Building Details

    Year built
    1949

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    Listing Contact
    Arthur Sable
    Arthur Sable

    Listing agent Arthur Sable

    Listing office Keller Williams Legacy 1102 E Sonterra Blvd Ste 106, San Antonio, TX

    Listing date Jun 19, 2026

    MLS# 1926651 Listing URL

    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.

    HighLights

    • High 8.8% Cap Rate at List Price indicates strong investment potential.
    • 11 rentable units provide a diversified income stream.
    • All Bills Paid structure simplifies management.
    • Net Operating Income (NOI) of $70,170.15 demonstrates profitability.
    • Located in the rapidly developing Lone Star/Southtown corridor.
    • Mix of unit types caters to a broad tenant base.

    Overview

    Located in San Antonio, Texas, this multi-building compound presents a rare investment opportunity in the Lone Star/Southtown corridor. The property features 11 rentable units with a flexible mix of unit types. The rear building contains six units: three 1-bedroom apartments and three efficiencies. The middle courtyard row includes three units: two efficiencies and one 1-bedroom unit; one efficiency is currently vacant. The front buildings consist of a 3-bedroom, 1-bath single-family home and a two-story co-living house with seven rentable bedrooms, four of which are currently rented. The property has a central courtyard. The property's financials include a monthly income of $9,475 and an annual income of $113,700. Operating expenses total $43,520.85, resulting in a Net Operating Income of $70,170.15. The cap rate at the list price is 8.8. All utilities are included, with the owner covering water, electric, taxes, and insurance. The property size is 5,510 square feet on a lot of 0.221 acres.

    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 $109.1k $19.80
    − Vacancy −$6.8k −$1.23
    EGI $102.3k $18.57
    − OpEx −$46.1k −$8.36
    NOI $56.3k $10.21
    5,510 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $804.1K
    $703.6K – $938.1K (±1% cap)
    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 (±1% cap)
    NOI $98,386 @ 7.0% cap · market cap 12.38%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Comal
    State
    Texas
    Longitude
    -98.503257
    Latitude
    29.40107

    FAQs

    What type of property is this?
    Apartment building - Eleven-unit multifamily property in the Lone Star/Southtown corridor.
    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: High 8.8% Cap Rate at List Price indicates strong investment potential.; 11 rentable units provide a diversified income stream.; All Bills Paid structure simplifies management.
    More about this property
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