Multifamily Property with Guest
For Sale
$600,000
1035 Shook Ave, San Antonio, TX 78212
Single-story brick property with three separate living spaces and shared laundry facilities.
Property Size3,016 SF
Price / SF$198.94
Days on Market8
Property Features for 1035 Shook Ave
General Information
Standard status
Active
Size
3,016 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/2BA, 1 x 1BR/1BA, 1 x studio
Multifamily Units
3
Additional Details
Highway Access
Yes
Amenities
common laundry area
privacy-fenced yard
covered carport parking
Building Details
Year Built
1956
Stories
1
Construction
brick
Listing Agency:
Keller Williams Heritage
(210) 884-2353
Listed By:
Trent Boarnet
Source:
Sarahildebrandaguilera
Added: Aug 26
Changed: Aug 31
Last Checked: Aug 30 at 9:02PM
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 Heritage
Investment Insights
Based on property information with market context.
This single-story brick multifamily property includes a duplex and a detached studio guest house, creating three distinct living spaces across approximately 3,016 total square feet. The larger residence has two bedrooms, two baths, and a flexible bonus room, while the second unit provides one bedroom and one bath. The guest house is configured as a studio. Interior features include wood floors, decorative ceilings, updated kitchens and bathrooms, sizable bedrooms, ample closets, and formal dining areas. A shared laundry room includes a washer and dryer.
The property is located at 1035 Shook Ave in San Antonio, between Monte Vista and Olmos Park. Regional access includes Highway 281, I-10, I-35, and Loop 410. The surrounding area includes The Pearl, downtown, the River Walk, San Antonio Zoo, Japanese Tea Garden, Olmos Basin, the airport, restaurants, shops, H-E-B, Central Market, Trinity University, and the University of the Incarnate Word. The exterior provides a privacy-fenced yard and covered carport parking.
The property is located at 1035 Shook Ave in San Antonio, between Monte Vista and Olmos Park. Regional access includes Highway 281, I-10, I-35, and Loop 410. The surrounding area includes The Pearl, downtown, the River Walk, San Antonio Zoo, Japanese Tea Garden, Olmos Basin, the airport, restaurants, shops, H-E-B, Central Market, Trinity University, and the University of the Incarnate Word. The exterior provides a privacy-fenced yard and covered carport parking.
Key Highlights
- Duplex plus separate studio guest house with three living spaces
- Approximately 3,016 total square feet
- Unit 1035: two bedrooms, two baths, and a flexible bonus area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,808
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$616,160
$616.2K
Cap Rate 7%
$440,114
$440.1K
Cap Rate 9%
$342,311
$342.3K
Market Conditions
NOI Build-Up for 3,016 SF
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.
Gross rent
$59.7K $19.80/SF
− Vacancy
−$3.7K −$1.23/SF
EGI
$56.0K $18.57/SF
− OpEx
−$25.2K −$8.36/SF
NOI
$30.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$616,160
Cap Rate 7%
$440,114
Cap Rate 9%
$342,311
Alternative Uses
Best Use
Apartment 5plus
$440.1K
$385.1K – $513.5K
NOI $30,808 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$769.3K
$673.2K – $897.6K
NOI $53,853 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
894
Businesses Nearby
Explore this area
Business Placement
Demographics for 78212, TX
26,738
Population
13,399
Households
2
Avg Household Size
39
Median Age
39%
College-Educated
85%
High-School Grad
6.9 sq mi
ZIP Area
3,875
Density / Sq Mi
$60,222
Median Household Income
$40,037
Median Earnings
$1,084
Median Rent
$299,400
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?
Multifamily property - Single-story brick property with three separate living spaces and shared laundry facilities.
Where is this multifamily property located?
The property is located at 1035 Shook Ave San Antonio, TX.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Duplex plus separate studio guest house with three living spaces; Approximately 3,016 total square feet; Unit 1035: two bedrooms, two baths, and a flexible bonus area
