Remodeled 5-Unit Apartment
For Sale
$479,900
1529 N Walters, San Antonio, TX 78202
Fully occupied with leases in place, across from a new city park.
Property Size2,688 SF
Price / SF$178.53
Days on Market89
Property Features for 1529 N Walters
General Information
Standard status
Active
Size
2,688 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Opportunity Zone
Yes
Multifamily Units
5
Building Details
Year Built
1965
Listing Agency:
Home Sweet San Antonio LLC
Listed By:
Hillary Romero
(210) 269-1127
Source:
Shebaramos
Added: Jul 26
Changed: Oct 6
Last Checked: Oct 7 at 1:26PM
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 Home Sweet San Antonio LLC
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Investment Insights
Based on property information with market context.
This five-unit apartment property in San Antonio was built in 1965 and cosmetically remodeled 3 years ago. The building is fully occupied, with leases in place and rents reported at market levels. A foundation warranty is included with the property.
Located at 1529 N Walters, the property sits across from a new city park, providing a directly adjacent public amenity. The asset is also identified as being within an Opportunity Zone. The property is part of a small multifamily offering from owners selling several properties around San Antonio.
Located at 1529 N Walters, the property sits across from a new city park, providing a directly adjacent public amenity. The asset is also identified as being within an Opportunity Zone. The property is part of a small multifamily offering from owners selling several properties around San Antonio.
Key Highlights
- Five‑unit apartment property built in 1965
- Fully occupied with leases in place
- Cosmetically remodeled 3 years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,457
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,140
$549.1K
Cap Rate 7%
$392,243
$392.2K
Cap Rate 9%
$305,078
$305.1K
Market Conditions
NOI Build-Up for 2,688 SF
Gross rent
$53.2K $19.80/SF
− Vacancy
−$3.3K −$1.23/SF
EGI
$49.9K $18.57/SF
− OpEx
−$22.5K −$8.36/SF
NOI
$27.5K $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%
$549,140
Cap Rate 7%
$392,243
Cap Rate 9%
$305,078
Alternative Uses
Best Use
Apartment 5plus
$392.2K
$343.2K – $457.6K
NOI $27,457 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$685.7K
$600.0K – $799.9K
NOI $47,996 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
600
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied with leases in place, across from a new city park.
Where is this apartment building located?
The property is located at 1529 N Walters San Antonio, TX.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Five‑unit apartment property built in 1965; Fully occupied with leases in place; Cosmetically remodeled 3 years ago
