Well-Maintained 4-Plex Income
2011 Cincinnati Avenue San Antonio, TX 78228
For Sale
$438,000
Four-unit 4-plex with a two-bedroom unit and three studio-style units, with two occupied and two vacant.
Property Size2,516 SF
Price / SF$174.09
Days on Market301
Property Features for 2011 Cincinnati Avenue
General Information
- Standard status
- Active
- Size
- 2,516 SF
- Property subtype
- Multi-Family / Two Story
Building Details
- Year Built
- 1931
Listing Agency:
Real Broker, LLC
(210) 325-7009
Listed By:
Adriana Santillan
(210) 325-7009
Source:
Compass
Added: Sep 27, 2025
Changed: Jul 23
Last Checked: Jul 23 at 6:47PM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This well-maintained 4-plex offers four rental units in a straightforward income-producing layout. One unit features two bedrooms along with a large laundry room, living room, and storage spaces. The remaining three units are studio type and described as spacious.
The property is located at 2011 Cincinnati Avenue in San Antonio, TX, with quick access to IH-10. It’s minutes from Downtown and right by scenic Woodlawn Lake.
Two units are currently occupied and two are vacant and ready to be rented, giving an incoming owner immediate occupancy flexibility alongside the existing unit mix.
The property is located at 2011 Cincinnati Avenue in San Antonio, TX, with quick access to IH-10. It’s minutes from Downtown and right by scenic Woodlawn Lake.
Two units are currently occupied and two are vacant and ready to be rented, giving an incoming owner immediate occupancy flexibility alongside the existing unit mix.
Key Highlights
- 4‑plex built in 1931 with mature trees on the exterior
- Unit mix: one 2‑bedroom unit plus three studio‑style units
- Current occupancy: 2 units occupied and 2 units vacant and ready to rent
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 6.61%
Second Best
Apartment 5plus
$367.1K
$321.3K – $428.3K
NOI $25,700 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$641.8K
$561.6K – $748.8K
NOI $44,925 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four-unit 4-plex with a two-bedroom unit and three studio-style units, with two occupied and two vacant.
Where is this quadplex located?
The property is located at 2011 Cincinnati Avenue San Antonio, TX.
What is the asking price?
The asking price for this property is $438,000.
What are key features of this property?
This property features: 4‑plex built in 1931 with mature trees on the exterior; Unit mix: one 2‑bedroom unit plus three studio‑style units; Current occupancy: 2 units occupied and 2 units vacant and ready to rent
