Fourplex with Two Vacant
For Sale
$415,000
Pending
2011 Cincinnati Ave, San Antonio, TX 78228
MULTI_FAMILY - San Antonio, TX
Property Size2,516 SF
Lot Size0.16 Acres
Days on Market15
Property Features for 2011 Cincinnati Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
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
0800
Standard status
Pending
Size
2,516 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
8599
Utilities
Cooling system
Central Air
Building Details
Year built
1931
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Adriana Santillan
(214) 202-7615
Added: Jul 19
Last Checked: Aug 2 at 1:06AM
MLS# 1963111
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.
This fourplex contains four units with a mix of layouts. One unit includes two bedrooms along with a large laundry room, living room, and storage spaces. The remaining three units are studio type and described as spacious. Of the four units, two are currently occupied on month-to-month terms, and two are vacant and ready to be rented. The property also provides plenty of parking space for tenants.
The asset is located at 2011 Cincinnati Ave in San Antonio, in the Woodlawn Lake area. The public remarks note quick access to IH-10 and that the property is minutes from Downtown, with shopping and restaurants nearby. Tenants can also take advantage of the peaceful lake scenery mentioned in the listing.
For investors or owner-occupants seeking rental flexibility, the current setup offers both immediate occupancy and near-term leasing opportunity given that two units are already vacant. The unit mix may also appeal to a range of renters, with one larger two-bedroom option complemented by three studio configurations. On-site parking supports everyday tenant needs, and the month-to-month status of the occupied units may simplify operational planning while additional units are brought to market.
The asset is located at 2011 Cincinnati Ave in San Antonio, in the Woodlawn Lake area. The public remarks note quick access to IH-10 and that the property is minutes from Downtown, with shopping and restaurants nearby. Tenants can also take advantage of the peaceful lake scenery mentioned in the listing.
For investors or owner-occupants seeking rental flexibility, the current setup offers both immediate occupancy and near-term leasing opportunity given that two units are already vacant. The unit mix may also appeal to a range of renters, with one larger two-bedroom option complemented by three studio configurations. On-site parking supports everyday tenant needs, and the month-to-month status of the occupied units may simplify operational planning while additional units are brought to market.
Key Highlights
- 4‑plex building built in 1931 with central air conditioning
- 4 units total: 2 currently occupied month‑to‑month and 2 vacant and ready to rent
- Unit mix includes 1 two‑bedroom unit with a large laundry room and living room
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.8k | $17.40 |
| − Vacancy | −$2.4k | −$0.96 |
| EGI | $41.4k | $16.44 |
| − OpEx | −$12.4k | −$4.93 |
| NOI | $29.0k | $11.51 |
2,516 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$413.7K
$362.0K – $482.7K
NOI $28,959 @ 7.0% cap · market cap 6.98%
Second Best
Apartment 5plus
$367.1K
$321.3K – $428.3K
NOI $25,700 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$641.8K
$561.6K – $748.8K
NOI $44,925 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
50%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
753
Businesses Nearby
Explore this area
Business Placement
Demographics for 78228, TX
56,369
Population
21,397
Households
2.6
Avg Household Size
37
Median Age
14%
College-Educated
74%
High-School Grad
10.9 sq mi
ZIP Area
5,171
Density / Sq Mi
$50,865
Median Household Income
$30,811
Median Earnings
$1,004
Median Rent
$164,700
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?
Quadplex - Four-unit property with a 2-bedroom unit and three studios, plus parking for tenants.
Where is this quadplex located?
The property is located at 2011 Cincinnati Ave San Antonio, TX.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 4‑plex building built in 1931 with central air conditioning; 4 units total: 2 currently occupied month‑to‑month and 2 vacant and ready to rent; Unit mix includes 1 two‑bedroom unit with a large laundry room and living room
