Woodlawn Lake
For Sale
$349,500
1524 W Woodlawn, San Antonio, TX 78201
Four-unit residential income property with one vacant unit available for self-guided showing.
Property Size2,811 SF
Price / SF$124.33
Days on Market11
Property Features for 1524 W Woodlawn
General Information
Standard status
Active
Size
2,811 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Building Details
Year Built
1950
Listing Agency:
Excel Realty Group,LLC
(210) 482-3200
Listed By:
David Morris · License #500588
Source:
Texashomeguide
Added: Aug 22
Changed: Aug 30
Last Checked: Aug 31 at 7:08PM
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 Excel Realty Group,LLC
Investment Insights
Based on property information with market context.
This four-unit residential property is located in San Antonio’s Woodlawn Lake area and contains 2,811 square feet. Unit 1 is vacant and available for self-guided access. The remaining units are occupied, with access to all units available upon contract execution.
The property is situated at 1524 W Woodlawn Ave in San Antonio, Texas. Seller financing is available, providing an alternative transaction structure for qualified parties.
The property is situated at 1524 W Woodlawn Ave in San Antonio, Texas. Seller financing is available, providing an alternative transaction structure for qualified parties.
Key Highlights
- Four‑unit property in San Antonio’s Woodlawn Lake area
- 2,811 square feet of property size
- Unit 1 is vacant and available for self‑guided showing
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
$28,714
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
8.22%
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%
$574,280
$574.3K
Cap Rate 7%
$410,200
$410.2K
Cap Rate 9%
$319,044
$319.0K
Market Conditions
NOI Build-Up for 2,811 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
$55.7K $19.80/SF
− Vacancy
−$3.5K −$1.23/SF
EGI
$52.2K $18.57/SF
− OpEx
−$23.5K −$8.36/SF
NOI
$28.7K $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%
$574,280
Cap Rate 7%
$410,200
Cap Rate 9%
$319,044
Alternative Uses
Best Use
Multifamily LT 5
$462.2K
$404.4K – $539.3K
NOI $32,355 @ 7.0% cap · market cap 9.26%
Second Best
Apartment 5plus
$410.2K
$358.9K – $478.6K
NOI $28,714 @ 7.0% cap · market cap 8.22%
Theoretical Best
Office A
$717.0K
$627.4K – $836.6K
NOI $50,193 @ 7.0% cap · market cap 14.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
923
Businesses Nearby
Explore this area
Business Placement
Demographics for 78201, TX
42,005
Population
18,661
Households
2.3
Avg Household Size
39
Median Age
17%
College-Educated
73%
High-School Grad
7.1 sq mi
ZIP Area
5,916
Density / Sq Mi
$46,129
Median Household Income
$30,517
Median Earnings
$1,033
Median Rent
$187,400
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?
Quadplex - Four-unit residential income property with one vacant unit available for self-guided showing.
Where is this quadplex located?
The property is located at 1524 W Woodlawn San Antonio, TX.
What is the asking price?
The asking price for this property is $349,500.
What are key features of this property?
This property features: Four‑unit property in San Antonio’s Woodlawn Lake area; 2,811 square feet of property size; Unit 1 is vacant and available for self‑guided showing
