8-Unit Apartment
For Sale
$790,000
1702 W Craig Pl, San Antonio, TX 78201
Residences have individual central HVAC systems and separately metered electricity.
Property Size4,704 SF
Lot Size0.26 Acres
Price / SF$167.94
Days on Market11
Property Features for 1702 W Craig Pl
General Information
Standard status
Active
Size
4,704 SF
Net Rentable
4,704 SF
Lot size
0.26 Acres
Property subtype
Residential Income
Units
Unit Mix
4 x 1BR/1BA, 4 x 2BR/1BA
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$17,367
Amenities
private gated parking
Building Details
Year Built
2005
Listing Agency:
Uriah Real Estate Organization
(830) 600-5263
Listed By:
Michael Rayos
(210) 378-6955
Source:
Exprealty
Added: Oct 8
Changed: Oct 15
Last Checked: Oct 16 at 12:15PM
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 Uriah Real Estate Organization
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Investment Insights
Based on property information with market context.
Built in 2005, this apartment property contains 8 units across 4,704 square feet of rentable living area on approximately 0.26 acres. The mix comprises four one-bedroom, one-bathroom apartments and four two-bedroom, one-bathroom apartments. Each residence has its own central HVAC system, and electricity is separately metered. The property also includes gated parking and occupies a corner lot.
At 1702 W Craig Place in San Antonio’s Woodlawn Lake area, the property is near Downtown San Antonio and Woodlawn Lake Park. Major transportation corridors, employment, retail, and recreational destinations are also identified in the surrounding area.
At 1702 W Craig Place in San Antonio’s Woodlawn Lake area, the property is near Downtown San Antonio and Woodlawn Lake Park. Major transportation corridors, employment, retail, and recreational destinations are also identified in the surrounding area.
Key Highlights
- 8 apartments with a mix of four 1‑bedroom and four 2‑bedroom units
- 4,704 square feet of rentable living area on approximately 0.26 acres
- Built in 2005
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,051
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$961,020
$961.0K
Cap Rate 7%
$686,443
$686.4K
Cap Rate 9%
$533,900
$533.9K
Market Conditions
NOI Build-Up for 4,704 SF
Gross rent
$93.1K $19.80/SF
− Vacancy
−$5.8K −$1.23/SF
EGI
$87.4K $18.57/SF
− OpEx
−$39.3K −$8.36/SF
NOI
$48.1K $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%
$961,020
Cap Rate 7%
$686,443
Cap Rate 9%
$533,900
Alternative Uses
Best Use
Apartment 5plus
$686.4K
$600.6K – $800.9K
NOI $48,051 @ 7.0% cap · market cap 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,994 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
905
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
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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?
Apartment building - Residences have individual central HVAC systems and separately metered electricity.
Where is this apartment building located?
The property is located at 1702 W Craig Pl San Antonio, TX.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: 8 apartments with a mix of four 1‑bedroom and four 2‑bedroom units; 4,704 square feet of rentable living area on approximately 0.26 acres; Built in 2005
