Residential Income Property with
For Sale
$349,000
185 TERRELL RD #604, San Antonio, TX 78209
Located in Alamo Heights ISD, the condominium includes covered parking beside the kitchen entrance.
Property Size1,262 SF
Days on Market172
Property Features for 185 TERRELL RD #604
General Information
Standard status
Active
Size
1,262 SF
Total Parking Spaces
1
Property subtype
Apartment
Site & Location
Neighborhood
Midtown
Additional Details
Multifamily Units
1
Amenities
private back patio
gated front patio
pool
Building Details
Building Size
1,262 SF
Year Built
1965
Stories
2
Construction
brick
Listing Agency:
Pinnacle Realty Advisors
Listed By:
Robert Powell
(512) 757-6644
Source:
Brunogroup.kw
Added: May 15
Changed: Oct 25
Last Checked: Nov 1 at 2:31AM
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 Pinnacle Realty Advisors
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Investment Insights
Based on property information with market context.
This 1965 two-story brick condominium has separate living and dining areas, a modern kitchen with updated appliances, and ceramic tile flooring on the main level. A half bath serves the first floor, while the upstairs primary bedroom has an adjoining full bath. Outdoor areas include a private rear patio and a gated patio at the entrance. One covered parking space sits beside the kitchen entry.
The residence is part of a community designed by San Antonio architect O’Neil Ford. Residents have access to a private pool with seating. Central Market and the dining, retail, and services of the Broadway corridor are within walking distance; San Antonio International Airport is a short drive away. The property is served by Alamo Heights ISD.
The residence is part of a community designed by San Antonio architect O’Neil Ford. Residents have access to a private pool with seating. Central Market and the dining, retail, and services of the Broadway corridor are within walking distance; San Antonio International Airport is a short drive away. The property is served by Alamo Heights ISD.
Key Highlights
- 1965 two‑story brick condominium
- Community designed by San Antonio architect O’Neil Ford
- Private pool with poolside seating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,891
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,820
$257.8K
Cap Rate 7%
$184,157
$184.2K
Cap Rate 9%
$143,233
$143.2K
Market Conditions
NOI Build-Up for 1,262 SF
Gross rent
$25.0K $19.80/SF
− Vacancy
−$1.5K −$1.23/SF
EGI
$23.4K $18.57/SF
− OpEx
−$10.5K −$8.36/SF
NOI
$12.9K $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%
$257,820
Cap Rate 7%
$184,157
Cap Rate 9%
$143,233
Alternative Uses
Best Use
Apartment 5plus
$184.2K
$161.1K – $214.9K
NOI $12,891 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$321.9K
$281.7K – $375.6K
NOI $22,534 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,009
Businesses Nearby
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Business Placement
Demographics for 78209, TX
42,456
Population
22,771
Households
1.9
Avg Household Size
40
Median Age
62%
College-Educated
96%
High-School Grad
10.2 sq mi
ZIP Area
4,162
Density / Sq Mi
$84,180
Median Household Income
$57,921
Median Earnings
$1,371
Median Rent
$497,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Located in Alamo Heights ISD, the condominium includes covered parking beside the kitchen entrance.
Where is this residential income property located?
The property is located at 185 TERRELL RD #604 San Antonio, TX.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 1965 two‑story brick condominium; Community designed by San Antonio architect O’Neil Ford; Private pool with poolside seating
