4-Unit Quadplex with Covered
For Sale
$575,000
215 Blanco, San Antonio, TX 78212
Four residential units span two levels with central HVAC, rear covered parking, and storage space.
Property Size3,213 SF
Price / SF$178.96
Days on Market83
Property Features for 215 Blanco
General Information
Standard status
Active
Size
3,213 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Amenities
central HVAC
covered parking
Building Details
Year Built
1920
Listing Agency:
Keller Williams City-View
Listed By:
Danny Charbel · License #582344
(210) 887-7080
Source:
Theswinneygroup
Added: Jul 26
Changed: Oct 14
Last Checked: Oct 7 at 5:15PM
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 Keller Williams City-View
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Investment Insights
Based on property information with market context.
This 3,213-square-foot quadplex contains four residential units arranged with two on the lower level and two upstairs. Built in 1920, the property includes central HVAC, covered parking at the rear, and additional storage space. The two-level configuration provides separation between units while maintaining a compact multifamily layout.
Located at 215 Blanco in San Antonio, the property is approximately 2 miles from the middle of downtown and minutes from San Pedro Springs Park. The source information also describes zoning with the capability of conversion to a small four-suite hotel.
Located at 215 Blanco in San Antonio, the property is approximately 2 miles from the middle of downtown and minutes from San Pedro Springs Park. The source information also describes zoning with the capability of conversion to a small four-suite hotel.
Key Highlights
- Four‑unit quadplex with 3,213 SF of building area
- Two units downstairs and two units upstairs
- Central HVAC serving the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,982
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$739,640
$739.6K
Cap Rate 7%
$528,314
$528.3K
Cap Rate 9%
$410,911
$410.9K
Market Conditions
NOI Build-Up for 3,213 SF
Gross rent
$55.9K $17.40/SF
− Vacancy
−$3.1K −$0.96/SF
EGI
$52.8K $16.44/SF
− OpEx
−$15.8K −$4.93/SF
NOI
$37.0K $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 Rate 5%
$739,640
Cap Rate 7%
$528,314
Cap Rate 9%
$410,911
Alternative Uses
Best Use
Multifamily LT 5
$528.3K
$462.3K – $616.4K
NOI $36,982 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$468.9K
$410.3K – $547.0K
NOI $32,820 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$819.6K
$717.1K – $956.2K
NOI $57,371 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,158
Businesses Nearby
Explore this area
Business Placement
Demographics for 78212, TX
26,738
Population
13,399
Households
2
Avg Household Size
39
Median Age
39%
College-Educated
85%
High-School Grad
6.9 sq mi
ZIP Area
3,875
Density / Sq Mi
$60,222
Median Household Income
$40,037
Median Earnings
$1,084
Median Rent
$299,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units span two levels with central HVAC, rear covered parking, and storage space.
Where is this quadplex located?
The property is located at 215 Blanco San Antonio, TX.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Four‑unit quadplex with 3,213 SF of building area; Two units downstairs and two units upstairs; Central HVAC serving the property
