San Antonio Multifamily Investment
For Sale
$795,000
Pending
119 Bank, San Antonio, TX 78204
MULTI_FAMILY - San Antonio, TX
Property Size5,510 SF
Lot Size0.22 Acres
Days on Market49
Property Features for 119 Bank
General Information
Property type
Residential Multi Family
Property subtype
Other
Elementary school
Briscoe
Middle school
Harris
High school
Burbank
Elementary school district
San Antonio I.S.D.
Middle school district
San Antonio I.S.D.
High school district
San Antonio I.S.D.
Subdivision
1100
Standard status
Pending
Size
5,510 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Annual Amount
17852
Building Details
Year built
1949
Listing Agency:
Keller Williams Legacy · Keller Williams Realty
(210) 482-3200
Listed By:
Arthur Sable
(210) 482-3200
Added: Jun 19
Changed: Jul 23
Last Checked: Aug 6 at 3:06AM
MLS# 1926651
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.
Investment Insights
Based on property information with market context.
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.
Key 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.
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
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.
Property Analytics
Property Profile
Current Use
Lease Details
11
Residential units
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
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 - 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.
