Four-Unit
For Sale
$344,500
1524 W Woodlawn, San Antonio, TX 78201
Multi-Family (2-8 Units), San Antonio, TX
Property Size2,811 SF
Lot Size0.23 Acres
Price / SF$122.55
Days on Market50
Property Features for 1524 W Woodlawn
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MF-33
Elementary school
Beacon Hill
Middle school
Mark Twain
High school
Jefferson
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
0800
Special listing conditions
In Foreclosure
Standard status
Active
Size
2,811 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Annual Amount
6223
Building Details
Year built
1950
Listing Agency:
Excel Realty Group,LLC
(210) 636-7000
Listed By:
David Morris · License #500588
(210) 775-2104
Added: Aug 5
Changed: Sep 22
Last Checked: Sep 23 at 5:06AM
MLS# 1971325
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.
Investment Insights
Based on property information with market context.
This four-unit residential property contains 2,811 square feet on a 0.231-acre lot and was built in 1950. Unit 1 is currently vacant and available for self-showing, while access to the remaining units is provided upon contract execution.
The property is located in San Antonio’s Woodlawn Lake Area and carries MF-33 zoning. Its four-unit configuration supports a residential income use within the multifamily classification.
The property is located in San Antonio’s Woodlawn Lake Area and carries MF-33 zoning. Its four-unit configuration supports a residential income use within the multifamily classification.
Key Highlights
- Four‑unit quadplex configuration
- 2,811 square feet of property size
- 0.231‑acre lot
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
8.33%
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 9.39%
Second Best
Apartment 5plus
$410.2K
$358.9K – $478.6K
NOI $28,714 @ 7.0% cap · market cap 8.33%
Theoretical Best
Office A
$717.0K
$627.4K – $836.6K
NOI $50,193 @ 7.0% cap · market cap 14.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 in San Antonio’s Woodlawn Lake Area with one vacant unit available for self-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 $344,500.
What are key features of this property?
This property features: Four‑unit quadplex configuration; 2,811 square feet of property size; 0.231‑acre lot
