Four-Unit Quadplex with Tile
For Sale
$410,000
2043 Anchor Drive, San Antonio, TX 78213
Built in 1972 with ceramic tile, vinyl finishes, and a composition exterior.
Property Size3,078 SF
Price / SF$133.20
Days on Market214
Property Features for 2043 Anchor Drive
General Information
Standard status
Active
Size
3,078 SF
Property subtype
Multi-Family / Two Story
Net Operating Income
$27,285
Taxes and HOA fees
Annual Taxes
$7,560
Amenities
Ceramic Tile, Vinyl
Composition
Slab
Pre-Owned
Conventional, FHA, Cash
Building Details
Year Built
1972
Listing Agency:
Rey Garza Real Estate
(210) 558-4747
Listed By:
Rey Garza
(210) 558-4747
Source:
Compass
Added: Jan 28
Changed: Aug 29
Last Checked: Aug 29 at 8:15PM
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 Rey Garza Real Estate
Investment Insights
Based on property information with market context.
This quadplex contains 3,078 square feet and was built in 1972. Interior finishes include ceramic tile and vinyl, while the exterior features composition materials over a slab foundation. The property is offered in its existing condition, with no seller repairs specified.
Located at 2043 Anchor Drive in San Antonio, Texas, the property is available for purchase. Conventional, FHA, and cash transaction types are identified for the offering.
Located at 2043 Anchor Drive in San Antonio, Texas, the property is available for purchase. Conventional, FHA, and cash transaction types are identified for the offering.
Key Highlights
- Quadplex with 3,078 square feet
- Built in 1972
- Ceramic tile and vinyl interior finishes
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
$35,428
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
8.64%
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%
$708,560
$708.6K
Cap Rate 7%
$506,114
$506.1K
Cap Rate 9%
$393,644
$393.6K
Market Conditions
NOI Build-Up for 3,078 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
$53.6K $17.40/SF
− Vacancy
−$2.9K −$0.96/SF
EGI
$50.6K $16.44/SF
− OpEx
−$15.2K −$4.93/SF
NOI
$35.4K $11.51/SF
Area
San Antonio, TX
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
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%
$708,560
Cap Rate 7%
$506,114
Cap Rate 9%
$393,644
Alternative Uses
Best Use
Multifamily LT 5
$506.1K
$442.9K – $590.5K
NOI $35,428 @ 7.0% cap · market cap 8.64%
Second Best
Apartment 5plus
$449.2K
$393.0K – $524.0K
NOI $31,441 @ 7.0% cap · market cap 7.67%
Theoretical Best
Office A
$785.1K
$687.0K – $916.0K
NOI $54,960 @ 7.0% cap · market cap 13.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
887
Businesses Nearby
Explore this area
Business Placement
Demographics for 78213, TX
40,589
Population
18,184
Households
2.2
Avg Household Size
36
Median Age
23%
College-Educated
81%
High-School Grad
8.0 sq mi
ZIP Area
5,074
Density / Sq Mi
$53,342
Median Household Income
$34,799
Median Earnings
$1,161
Median Rent
$199,500
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 - Built in 1972 with ceramic tile, vinyl finishes, and a composition exterior.
Where is this quadplex located?
The property is located at 2043 Anchor Drive San Antonio, TX.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Quadplex with 3,078 square feet; Built in 1972; Ceramic tile and vinyl interior finishes
