Updated Single-Story
For Sale
$595,000
215 Eleanor Ave, San Antonio, TX 78209
Four renovated residences offer private patios, fenced yards, gated parking, and separate central HVAC systems.
Property Size2,790 SF
Price / SF$213.26
Days on Market15
Property Features for 215 Eleanor Ave
General Information
Standard status
Active
Size
2,790 SF
Total Parking Spaces
10
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$13,715
Amenities
private fenced backyard
covered patio
secure gated parking
central HVAC
Building Details
Buildings
1
Stories
1
Listing Agency:
Phyllis Browning Company
(210) 313-2904
Listed By:
Caroline Decherd
(210) 313-2904
Source:
Exprealty
Added: Jul 31
Changed: Aug 14
Last Checked: Aug 14 at 5:26AM
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 Phyllis Browning Company
Investment Insights
Based on property information with market context.
Located at 215 Eleanor Ave, this 2,790-square-foot, single-story quadplex contains four updated residences. Interior improvements include luxury vinyl plank flooring, granite countertops, refreshed appliances, and renovated bathrooms with contemporary tile finishes. Units 2 and 3 have stainless appliances, while Units 1 and 4 use white appliances. Each residence includes a private fenced backyard with a covered patio, and four central HVAC systems provide separate climate control.
The property sits near the Broadway Corridor, approximately 2.5 miles from The Pearl, 4 miles from Downtown San Antonio and the River Walk, and 1 mile from Fort Sam Houston. Highway 281 is about 2 miles away, with Loop 410 approximately 5 miles from the property. Gated parking includes six covered spaces and four uncovered spaces. Nearby destinations include Brackenridge Park, the San Antonio Zoo, the Witte Museum, The DoSeum, and the San Antonio Botanical Garden.
The property sits near the Broadway Corridor, approximately 2.5 miles from The Pearl, 4 miles from Downtown San Antonio and the River Walk, and 1 mile from Fort Sam Houston. Highway 281 is about 2 miles away, with Loop 410 approximately 5 miles from the property. Gated parking includes six covered spaces and four uncovered spaces. Nearby destinations include Brackenridge Park, the San Antonio Zoo, the Witte Museum, The DoSeum, and the San Antonio Botanical Garden.
Key Highlights
- 2,790‑square‑foot single‑story quadplex with four residences
- Updated interiors feature luxury vinyl plank flooring, granite countertops, and renovated bathrooms
- Six covered parking spaces plus four additional uncovered spaces
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
$32,113
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
5.40%
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%
$642,260
$642.3K
Cap Rate 7%
$458,757
$458.8K
Cap Rate 9%
$356,811
$356.8K
Market Conditions
NOI Build-Up for 2,790 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
$48.5K $17.40/SF
− Vacancy
−$2.7K −$0.96/SF
EGI
$45.9K $16.44/SF
− OpEx
−$13.8K −$4.93/SF
NOI
$32.1K $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%
$642,260
Cap Rate 7%
$458,757
Cap Rate 9%
$356,811
Alternative Uses
Best Use
Multifamily LT 5
$458.8K
$401.4K – $535.2K
NOI $32,113 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$407.1K
$356.2K – $475.0K
NOI $28,499 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$711.7K
$622.7K – $830.3K
NOI $49,818 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
853
Businesses Nearby
Explore this area
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
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 renovated residences offer private patios, fenced yards, gated parking, and separate central HVAC systems.
Where is this quadplex located?
The property is located at 215 Eleanor Ave San Antonio, TX.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 2,790‑square‑foot single‑story quadplex with four residences; Updated interiors feature luxury vinyl plank flooring, granite countertops, and renovated bathrooms; Six covered parking spaces plus four additional uncovered spaces
