Six-Unit Apartment
For Sale
$400,000
1730 W Poplar, San Antonio, TX 78207
Multifamily property with individually conditioned units, completed interior updates, and gated parking within a fenced site.
Property Size2,448 SF
Price / SF$163.40
Days on Market15
Property Features for 1730 W Poplar
General Information
Standard status
Active
Size
2,448 SF
Property subtype
Multi-Family
Building Details
Year Built
1940
Listing Agency:
Realty Advantage
Listed By:
Kimberly Scandrett-Mauldin
(210) 804-1081
Source:
Shebaramos
Added: Aug 21
Changed: Aug 29
Last Checked: Sep 4 at 10:06AM
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 Realty Advantage
Investment Insights
Based on property information with market context.
This 2,448-square-foot apartment property contains six individual units and was built in 1940. Each unit has its own mini-split HVAC system, while improvements include interior painting throughout, new cabinets and countertops in some units, and updated showers in others. The property also produces rental income.
Located at 1730 W Poplar in San Antonio, the site is fully fenced and includes gated on-site parking. The combination of six separate units, unit-level HVAC, and completed updates provides a defined multifamily configuration with additional unit improvements already underway.
Located at 1730 W Poplar in San Antonio, the site is fully fenced and includes gated on-site parking. The combination of six separate units, unit-level HVAC, and completed updates provides a defined multifamily configuration with additional unit improvements already underway.
Key Highlights
- Six individual apartment units within a 2,448‑square‑foot property
- Each unit includes its own mini‑split HVAC system
- Interior painting completed throughout the units
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
$25,006
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
6.25%
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%
$500,120
$500.1K
Cap Rate 7%
$357,229
$357.2K
Cap Rate 9%
$277,844
$277.8K
Market Conditions
NOI Build-Up for 2,448 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
$48.5K $19.80/SF
− Vacancy
−$3.0K −$1.23/SF
EGI
$45.5K $18.57/SF
− OpEx
−$20.5K −$8.36/SF
NOI
$25.0K $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%
$500,120
Cap Rate 7%
$357,229
Cap Rate 9%
$277,844
Alternative Uses
Best Use
Apartment 5plus
$357.2K
$312.6K – $416.8K
NOI $25,006 @ 7.0% cap · market cap 6.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$624.4K
$546.4K – $728.5K
NOI $43,711 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
793
Businesses Nearby
Explore this area
Business Placement
Demographics for 78207, TX
51,705
Population
18,750
Households
2.8
Avg Household Size
34
Median Age
6%
College-Educated
62%
High-School Grad
7.3 sq mi
ZIP Area
7,083
Density / Sq Mi
$30,655
Median Household Income
$23,696
Median Earnings
$857
Median Rent
$93,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with individually conditioned units, completed interior updates, and gated parking within a fenced site.
Where is this apartment building located?
The property is located at 1730 W Poplar San Antonio, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Six individual apartment units within a 2,448‑square‑foot property; Each unit includes its own mini‑split HVAC system; Interior painting completed throughout the units
