Six-Unit Multifamily
1915 North Interstate 35 San Antonio, TX 78208
1915 North Interstate 35, San Antonio, TX, 78208
$340,000
For Sale
$340,000
Six-unit multifamily property offered for sale with a stated rehab/value-add opportunity.
Property Size2,925 SF
Price / SF$116.24
Days on Market437
Property Features for 1915 North Interstate 35
General Information
- Standard status
- Active
- Size
- 2,925 SF
- Property subtype
- Multi-Family / Two Story
Building Details
- Year Built
- 1950
Listing agency
Real Broker, LLC
(210) 815-0593
Listed by
Jorge Acosta
(210) 815-0593
Source
Compass
Added: May 12, 2025 Updated: Jul 22 at 4:54AM Checked: Jul 22 at 4:54AM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This offering is a six-unit multifamily property presented for sale. The seller’s marketing emphasizes a value-add approach through rehab, positioning the building for investors seeking to update and improve the asset.
The property is located at 1915 N. Interstate 35 in San Antonio, within the Government Hill neighborhood. It is described as being minutes from The DoSeum, the San Antonio Museum of Art, Frost Bank Center, Fort Sam Houston, downtown dining and nightlife, and the Pearl District. The remarks also note proximity to golf courses and bike and running trails.
For buyers looking for a small, manageable multifamily investment, this six-unit configuration provides a straightforward foundation for a renovation-focused plan.
The property is located at 1915 N. Interstate 35 in San Antonio, within the Government Hill neighborhood. It is described as being minutes from The DoSeum, the San Antonio Museum of Art, Frost Bank Center, Fort Sam Houston, downtown dining and nightlife, and the Pearl District. The remarks also note proximity to golf courses and bike and running trails.
For buyers looking for a small, manageable multifamily investment, this six-unit configuration provides a straightforward foundation for a renovation-focused plan.
Key Highlights
- Six‑unit multifamily property at 1915 N. Interstate 35, San Antonio, TX 78208
- Year built: 1950
- Metal roofing
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 | $57.9k | $19.80 |
| − Vacancy | −$3.6k | −$1.23 |
| EGI | $54.3k | $18.57 |
| − OpEx | −$24.4k | −$8.36 |
| NOI | $29.9k | $10.21 |
2,925 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$426.8K
$373.5K – $498.0K
NOI $29,878 @ 7.0% cap · market cap 8.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$746.1K
$652.9K – $870.5K
NOI $52,228 @ 7.0% cap · market cap 15.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Six-unit multifamily property offered for sale with a stated rehab/value-add opportunity.
Where is this apartment building located?
The property is located at 1915 North Interstate 35 San Antonio, TX.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Six‑unit multifamily property at 1915 N. Interstate 35, San Antonio, TX 78208; Year built: 1950; Metal roofing
