Individually Deeded Townhome
For Sale
$1,725,000
144 N Cherry St, San Antonio, TX 78202
Four side-by-side townhomes in a private community, each individually deeded, with 3-bedroom layouts and two-car garages.
Property Size6,688 SF
Price / SF$257.92
Days on Market63
Property Features for 144 N Cherry St
General Information
Standard status
Active
Size
6,688 SF
Total Parking Spaces
8
Property subtype
Commercial
Additional Details
Business Included
Yes
Multifamily Units
4
Building Details
Year Built
2022
Tenancy
Multi
Listing Agency:
The Ortiz Firm
(210) 509-4911
Listed By:
Guy Rubio (guy@guyrubio.com)
Source:
Sanantoniosfinestrealty
Added: Jul 7
Changed: Aug 14
Last Checked: Sep 7 at 9:35AM
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 The Ortiz Firm
Investment Insights
Based on property information with market context.
This property features four side-by-side townhomes within a private 26-home community, each individually deeded for separate ownership. The collection totals four residences, with each townhome offering a 3-bedroom, 3.5-bath layout and a two-car garage. Interiors include open-concept living with wood-look tile and concrete flooring, quartz countertops, stainless steel appliances, and custom cabinetry. A first-floor office with a full bath provides additional flexibility and can be used as a third bedroom to expand how the space is configured.
The property is located at 144 N Cherry St in San Antonio, with stated walking distance to Hemisfair, St. Paul Square, the Alamo Dome, and the Riverwalk. Two of the residences are currently operating as short-term rentals, while the remaining two have never been lived in. The community also supports live-work use, offering additional flexibility for an owner-occupant or small business operation.
The property is located at 144 N Cherry St in San Antonio, with stated walking distance to Hemisfair, St. Paul Square, the Alamo Dome, and the Riverwalk. Two of the residences are currently operating as short-term rentals, while the remaining two have never been lived in. The community also supports live-work use, offering additional flexibility for an owner-occupant or small business operation.
Key Highlights
- Four side‑by‑side townhomes built in 2022 in a private 26‑home community
- Each townhome is individually deeded, with separate ownership and independent sell/finance/hold flexibility
- 3‑bedroom, 3.5‑bath layout in each home, including a two‑car garage
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
$76,980
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
4.46%
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%
$1,539,600
$1.5M
Cap Rate 7%
$1,099,714
$1.1M
Cap Rate 9%
$855,333
$855.3K
Market Conditions
NOI Build-Up for 6,688 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
$116.4K $17.40/SF
− Vacancy
−$6.4K −$0.96/SF
EGI
$110.0K $16.44/SF
− OpEx
−$33.0K −$4.93/SF
NOI
$77.0K $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 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%
$1,539,600
Cap Rate 7%
$1,099,714
Cap Rate 9%
$855,333
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$962.3K – $1.28M
NOI $76,980 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$976.0K
$854.0K – $1.14M
NOI $68,317 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$1.71M
$1.49M – $1.99M
NOI $119,420 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,280
Businesses Nearby
Explore this area
Business Placement
Demographics for 78202, TX
11,422
Population
5,288
Households
2.2
Avg Household Size
34
Median Age
26%
College-Educated
77%
High-School Grad
2.3 sq mi
ZIP Area
4,966
Density / Sq Mi
$43,708
Median Household Income
$36,390
Median Earnings
$1,218
Median Rent
$223,900
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?
Quadplex - Four side-by-side townhomes in a private community, each individually deeded, with 3-bedroom layouts and two-car garages.
Where is this quadplex located?
The property is located at 144 N Cherry St San Antonio, TX.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: Four side‑by‑side townhomes built in 2022 in a private 26‑home community; Each townhome is individually deeded, with separate ownership and independent sell/finance/hold flexibility; 3‑bedroom, 3.5‑bath layout in each home, including a two‑car garage
