Mixed-Use Income
For Sale
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1006 West Ave, San Antonio, TX 78201
4,096 sf property with three residential units and two commercial units, built in 1965 and renovated in 1995.
Property Size4,096 SF
Price / SF$143.80
Days on Market606
Property Features for 1006 West Ave
General Information
Standard status
Active
Size
4,096 SF
Property subtype
RETAIL
Occupancy
100%
Site & Location
Neighborhood
Monticello Park
Building Details
Year Built
1965
Year Renovated
1995
Buildings
1
Tenancy
Multi
Listing Agency:
Lockwood Realty Group, LLC
(210) 451-0143
Listed By:
Luke Owens-Bragg · License #670935
(210) 279-9320
Source:
Moodyscre
Added: Mar 5, 2025
Changed: Oct 25
Last Checked: Nov 1 at 5:24AM
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 Lockwood Realty Group, LLC
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Investment Insights
Based on property information with market context.
This mixed-use income building totals 4,096 square feet and is fully occupied, offering three residential units and two commercial units. The property was built in 1965 and underwent meticulous renovation in 1995, resulting in an operating asset designed to generate income from multiple unit types.
The offering is located at 1006 West Ave in San Antonio, Texas. The current configuration supports 100% occupancy and an established tenant mix tied to both residential and commercial space.
For investors or buyers seeking an income-producing property with in-place cash flow, this building provides a straightforward unit mix and a clear basis for evaluating opportunities for future improvements based on its renovated history.
The offering is located at 1006 West Ave in San Antonio, Texas. The current configuration supports 100% occupancy and an established tenant mix tied to both residential and commercial space.
For investors or buyers seeking an income-producing property with in-place cash flow, this building provides a straightforward unit mix and a clear basis for evaluating opportunities for future improvements based on its renovated history.
Key Highlights
- 4,096 SF building with 3 residential units and 2 commercial units
- Built in 1965 and renovated in 1995
- 100% occupancy with established tenant mix
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,145
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$942,900
$942.9K
Cap Rate 7%
$673,500
$673.5K
Cap Rate 9%
$523,833
$523.8K
Market Conditions
NOI Build-Up for 4,096 SF
Gross rent
$71.3K $17.40/SF
− Vacancy
−$3.9K −$0.96/SF
EGI
$67.4K $16.44/SF
− OpEx
−$20.2K −$4.93/SF
NOI
$47.1K $11.51/SF
Area
San Antonio, TX
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$942,900
Cap Rate 7%
$673,500
Cap Rate 9%
$523,833
Alternative Uses
Best Use
Multifamily LT 5
$673.5K
$589.3K – $785.8K
NOI $47,145 @ 7.0% cap · market cap 8.00%
Second Best
Apartment 5plus
$597.7K
$523.0K – $697.3K
NOI $41,840 @ 7.0% cap · market cap 7.10%
Theoretical Best
Office A
$1.04M
$914.2K – $1.22M
NOI $73,137 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
820
Businesses Nearby
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Business Placement
Demographics for 78201, TX
42,005
Population
18,661
Households
2.3
Avg Household Size
39
Median Age
17%
College-Educated
73%
High-School Grad
7.1 sq mi
ZIP Area
5,916
Density / Sq Mi
$46,129
Median Household Income
$30,517
Median Earnings
$1,033
Median Rent
$187,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - 4,096 sf property with three residential units and two commercial units, built in 1965 and renovated in 1995.
Where is this triplex located?
The property is located at 1006 West Ave San Antonio, TX.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: 4,096 SF building with 3 residential units and 2 commercial units; Built in 1965 and renovated in 1995; 100% occupancy with established tenant mix
