Five-Unit Apartment
For Sale
$800,000
204 Florida, San Antonio, TX 78210
Five refreshed, vacant apartments are positioned for re-tenanting or owner occupancy.
Property Size6,159 SF
Lot Size0.27 Acres
Price / SF$129.89
Days on Market10
Property Features for 204 Florida
General Information
Standard status
Active
Size
6,159 SF
Lot size
0.27 Acres
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
5
Building Details
Year Built
1929
Buildings
1
Listing Agency:
Real Broker, LLC
Listed By:
Eric Salinas · License #664898
(210) 636-0332
Source:
Pomparealtygroupsa
Added: Sep 28
Last Checked: Oct 4 at 6:51AM
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 1929 apartment property has five units in its main building. The apartments are vacant and refreshed, with potential for re-tenanting, further improvements, or full or partial owner occupancy. Historic architectural details are part of the building’s character.
The property is in San Antonio’s Lavaca Historic District, near South Presa Street and the Florida/Carolina interchange at I-37. Restaurants in Southtown and downtown, as well as the Mission Reach of the San Antonio River Hike & Bike Trail, are described as walkable from the site. The surrounding area includes historic single-family homes and newer townhomes.
The property is in San Antonio’s Lavaca Historic District, near South Presa Street and the Florida/Carolina interchange at I-37. Restaurants in Southtown and downtown, as well as the Mission Reach of the San Antonio River Hike & Bike Trail, are described as walkable from the site. The surrounding area includes historic single-family homes and newer townhomes.
Key Highlights
- Five units remain in the main building; the rear duplex has been sold
- Built in 1929
- 0.267 acres of land; replating is underway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,913
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,258,260
$1.3M
Cap Rate 7%
$898,757
$898.8K
Cap Rate 9%
$699,033
$699.0K
Market Conditions
NOI Build-Up for 6,159 SF
Gross rent
$121.9K $19.80/SF
− Vacancy
−$7.6K −$1.23/SF
EGI
$114.4K $18.57/SF
− OpEx
−$51.5K −$8.36/SF
NOI
$62.9K $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 Rate 5%
$1,258,260
Cap Rate 7%
$898,757
Cap Rate 9%
$699,033
Alternative Uses
Best Use
Apartment 5plus
$898.8K
$786.4K – $1.05M
NOI $62,913 @ 7.0% cap · market cap 7.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,974 @ 7.0% cap · market cap 13.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,072
Businesses Nearby
Explore this area
Business Placement
Demographics for 78210, TX
33,010
Population
14,410
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
76%
High-School Grad
7.3 sq mi
ZIP Area
4,522
Density / Sq Mi
$51,990
Median Household Income
$33,271
Median Earnings
$1,119
Median Rent
$172,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Five refreshed, vacant apartments are positioned for re-tenanting or owner occupancy.
Where is this apartment building located?
The property is located at 204 Florida San Antonio, TX.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Five units remain in the main building; the rear duplex has been sold; Built in 1929; 0.267 acres of land; replating is underway
