8-Unit Multifamily
New
For Sale
$790,000
1702 W Craig PL, San Antonio, TX 78201
Multi-Family (2-8 Units), San Antonio, TX
Property Size4,704 SF
Lot Size0.26 Acres
Price / SF$167.94
Days on Market2
Property Features for 1702 W Craig PL
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C-2 NCD-8
Elementary school
Fenwick
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
0700
Standard status
Active
Size
4,704 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Annual Amount
17367
Amenities
individual central HVAC system
separately metered electricity
Private gated parking
Building Details
Year built
2005
Listing Agency:
Uriah Real Estate Organization
(830) 600-5263
Listed By:
Michael Rayos
(210) 315-8885
Added: Oct 8
Last Checked: Oct 9 at 11:06AM
MLS# 2022272
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.
Built in 2005, this multifamily property contains eight apartments across 4,704 square feet on a 0.2616-acre parcel. The unit 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 site also includes gated parking and carries C-2 NCD-8 zoning.
The property occupies a corner lot in San Antonio’s Woodlawn Lake area. Woodlawn Lake Park and Downtown San Antonio are identified as nearby destinations, along with transportation corridors and employment, retail, and recreational destinations. The property’s apartment count, unit mix, individual HVAC systems, and separate electric metering provide a clear picture of its physical configuration.
The property occupies a corner lot in San Antonio’s Woodlawn Lake area. Woodlawn Lake Park and Downtown San Antonio are identified as nearby destinations, along with transportation corridors and employment, retail, and recreational destinations. The property’s apartment count, unit mix, individual HVAC systems, and separate electric metering provide a clear picture of its physical configuration.
Key Highlights
- Eight apartments totaling 4,704 square feet
- Unit mix: four 1‑bedroom/1‑bathroom and four 2‑bedroom/1‑bathroom units
- Built in 2005 on 0.2616 acres
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.
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Four one-bedroom and four two-bedroom residences provide a balanced unit mix.
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: Eight apartments totaling 4,704 square feet; Unit mix: four 1‑bedroom/1‑bathroom and four 2‑bedroom/1‑bathroom units; Built in 2005 on 0.2616 acres
