Four-Unit Multifamily
For Sale
$690,000
1535 W Laurel, San Antonio, TX 78201
Multi-Family (2-8 Units), San Antonio, TX
Property Size4,424 SF
Lot Size0.21 Acres
Price / SF$155.97
Days on Market100
Property Features for 1535 W Laurel
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MF-33
Elementary school
Call District
Middle school
Call District
High school
Call District
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
0700
Standard status
Active
Size
4,424 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Annual Amount
7850
Utilities
Cooling system
Central Air
Building Details
Year built
2020
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
Marc Longoria · License #0709848
(210) 262-7815
Added: Jul 9
Changed: Sep 11
Last Checked: Oct 16 at 9:06AM
MLS# 1998762
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.
Located at 1535 W Laurel in San Antonio, this 4,424-square-foot multifamily property comprises two duplex buildings with four total units. Each unit features three bedrooms, two full bathrooms, and central air. The buildings sit on a 0.206-acre MF-33-zoned lot.
Units 2, 3, and 4 currently have seven tenants, while Unit 1 is vacant. Five bedrooms remain vacant across the property, creating flexibility for traditional unit leasing, room-by-room occupancy, or owner occupancy. The property provides access to I-10 and is near downtown San Antonio, the Pearl District, La Cantera, The Rim, Six Flags Fiesta Texas, San Antonio College, and St. Mary's University.
Units 2, 3, and 4 currently have seven tenants, while Unit 1 is vacant. Five bedrooms remain vacant across the property, creating flexibility for traditional unit leasing, room-by-room occupancy, or owner occupancy. The property provides access to I-10 and is near downtown San Antonio, the Pearl District, La Cantera, The Rim, Six Flags Fiesta Texas, San Antonio College, and St. Mary's University.
Key Highlights
- Four total units arranged as two duplex buildings
- 4,424 square feet on 0.206 acres
- Each unit has 3 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,921
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,018,420
$1.0M
Cap Rate 7%
$727,443
$727.4K
Cap Rate 9%
$565,789
$565.8K
Market Conditions
NOI Build-Up for 4,424 SF
Gross rent
$77.0K $17.40/SF
− Vacancy
−$4.2K −$0.96/SF
EGI
$72.7K $16.44/SF
− OpEx
−$21.8K −$4.93/SF
NOI
$50.9K $11.51/SF
Area
San Antonio, TX
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,018,420
Cap Rate 7%
$727,443
Cap Rate 9%
$565,789
Alternative Uses
Best Use
Multifamily LT 5
$727.4K
$636.5K – $848.7K
NOI $50,921 @ 7.0% cap · market cap 7.38%
Second Best
Apartment 5plus
$645.6K
$564.9K – $753.2K
NOI $45,190 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$1.13M
$987.4K – $1.32M
NOI $78,994 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
857
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
Frequently Asked Questions
What type of property is this?
Multifamily property - Two duplex buildings offer matching three-bedroom, two-bath layouts with central air and room-by-room leasing flexibility.
Where is this multifamily property located?
The property is located at 1535 W Laurel San Antonio, TX.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Four total units arranged as two duplex buildings; 4,424 square feet on 0.206 acres; Each unit has 3 bedrooms and 2 full bathrooms
