8-Unit Apartment
For Sale
$675,000
1520 D Street, Floresville, TX 78114
Fully occupied apartment property with updated appliances, laminate flooring, and on-site laundry.
Property Size3,344 SF
Price / SF$201.85
Days on Market427
Property Features for 1520 D Street
General Information
Standard status
Active
Size
3,344 SF
Property subtype
Multi Family
Occupancy
100%
Units
Unit Mix
4 x 1BR/1BA, 4 x studio
Multifamily Units
8
Amenities
on-site laundry
8
6
Building Details
Year Built
1955
Listing Agency:
For sale by owner, please contact
Listed By:
Fizber
Source:
Compass
Added: Jul 5, 2025
Changed: Aug 31
Last Checked: Aug 30 at 11:42AM
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 For sale by owner, please contact
Investment Insights
Based on property information with market context.
This 3,344-square-foot apartment building contains eight units, including four one-bedroom, one-bath apartments and four studio units. Laminate flooring is installed throughout, and the apartments feature updated appliances. The property was built in 1955 and is reported at 100% occupancy.
An on-site laundry facility provides an additional income source. The unit mix combines traditional one-bedroom layouts with studios, offering a range of apartment configurations within one multifamily property. The address is 1520 D Street in Floresville, Texas.
An on-site laundry facility provides an additional income source. The unit mix combines traditional one-bedroom layouts with studios, offering a range of apartment configurations within one multifamily property. The address is 1520 D Street in Floresville, Texas.
Key Highlights
- Eight apartments: four one‑bedroom, one‑bath units and four studios
- 100% occupancy
- 3,344 SF apartment building
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
$29,795
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
4.41%
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%
$595,900
$595.9K
Cap Rate 7%
$425,643
$425.6K
Cap Rate 9%
$331,056
$331.1K
Market Conditions
NOI Build-Up for 3,344 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
$60.2K $18.00/SF
− Vacancy
−$6.0K −$1.80/SF
EGI
$54.2K $16.20/SF
− OpEx
−$24.4K −$7.29/SF
NOI
$29.8K $8.91/SF
Area
Wilson County, TX
Vacancy
10.00%
Lease Rate
$18.00 /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%
$595,900
Cap Rate 7%
$425,643
Cap Rate 9%
$331,056
Alternative Uses
Best Use
Apartment 5plus
$425.6K
$372.4K – $496.6K
NOI $29,795 @ 7.0% cap · market cap 4.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$853.0K
$746.4K – $995.2K
NOI $59,710 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
588
Businesses Nearby
Explore this area
Business Placement
Demographics for 78114, TX
22,178
Population
9,212
Households
2.4
Avg Household Size
41
Median Age
24%
College-Educated
88%
High-School Grad
349.1 sq mi
ZIP Area
64
Density / Sq Mi
$84,260
Median Household Income
$47,336
Median Earnings
$1,079
Median Rent
$273,900
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?
Apartment building - Fully occupied apartment property with updated appliances, laminate flooring, and on-site laundry.
Where is this apartment building located?
The property is located at 1520 D Street Floresville, TX.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Eight apartments: four one‑bedroom, one‑bath units and four studios; 100% occupancy; 3,344 SF apartment building
