16-Unit Multifamily
New
For Sale
$1,600,000
1502 S Walters, San Antonio, TX 78210
Multi-Family (2-8 Units), San Antonio, TX
Property Size10,688 SF
Lot Size0.91 Acres
Price / SF$149.70
Days on Market4
Property Features for 1502 S Walters
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Elementary school
Smith
Middle school
Poe
High school
Highlands
Elementary school district
San Antonio I.S.D.
Middle school district
San Antonio I.S.D.
High school district
San Antonio I.S.D.
Subdivision
1200
Standard status
Active
APN
016391000000
Size
10,688 SF
Lot size
0.91 Acres
Additional Details
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Annual Amount
29302
Amenities
gated community
Building Details
Year built
2025
Listing Agency:
Suburban Spaces, LLC
Listed By:
Chad Nall · License #550904
(210) 263-9323
Added: Oct 29
Last Checked: Nov 1 at 9:06AM
MLS# 2026795
Copyright © 2026 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
At 1502 S Walters in San Antonio, this 10,688-square-foot multifamily property comprises eight duplex buildings and 16 units. Each three-story unit has three bedrooms, two-and-a-half bathrooms, and a one-car garage. Electricity is metered separately for each unit.
The second floor combines living and kitchen areas, with white cabinetry, quartz counters, and stainless-steel appliances. Two bedrooms and two full bathrooms occupy the top floor. On the ground level, a bedroom and half bath have a separate private entrance. Approval is in place for six additional buildings totaling 12 units, subject to buyer verification. The property is identified as under construction, with a 2025 year built.
The second floor combines living and kitchen areas, with white cabinetry, quartz counters, and stainless-steel appliances. Two bedrooms and two full bathrooms occupy the top floor. On the ground level, a bedroom and half bath have a separate private entrance. Approval is in place for six additional buildings totaling 12 units, subject to buyer verification. The property is identified as under construction, with a 2025 year built.
Key Highlights
- Eight duplex buildings with 16 units across 10,688 square feet
- Three‑story units have 3 bedrooms, 2.5 bathrooms, and a 1‑car garage
- Approval for 6 additional buildings and 12 units, subject to buyer verification
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,176
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,183,520
$2.2M
Cap Rate 7%
$1,559,657
$1.6M
Cap Rate 9%
$1,213,067
$1.2M
Market Conditions
NOI Build-Up for 10,688 SF
Gross rent
$211.6K $19.80/SF
− Vacancy
−$13.1K −$1.23/SF
EGI
$198.5K $18.57/SF
− OpEx
−$89.3K −$8.36/SF
NOI
$109.2K $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%
$2,183,520
Cap Rate 7%
$1,559,657
Cap Rate 9%
$1,213,067
Alternative Uses
Best Use
Apartment 5plus
$1.56M
$1.36M – $1.82M
NOI $109,176 @ 7.0% cap · market cap 6.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.73M
$2.39M – $3.18M
NOI $190,843 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - A gated residential community with three-story units, private-entry ground-floor rooms, and separately metered electricity.
Where is this multifamily property located?
The property is located at 1502 S Walters San Antonio, TX.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Eight duplex buildings with 16 units across 10,688 square feet; Three‑story units have 3 bedrooms, 2.5 bathrooms, and a 1‑car garage; Approval for 6 additional buildings and 12 units, subject to buyer verification
