8-Unit Apartment
New
For Sale
$799,000
216 Lucas ST, San Antonio, TX 78209
The property maintained full occupancy throughout the two years preceding recent tenant departures.
Property Size4,860 SF
Price / SF$164.40
Days on Market3
Property Features for 216 Lucas ST
General Information
Standard status
Active
Size
4,860 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Mahncke Park
Additional Details
Multifamily Units
8
Building Details
Year Built
1972
Listing Agency:
Waterloo Realty, LLC
(512) 461-2396
Listed By:
Cribs Realty Group
(512) 200-5327
Source:
Cribsrealtygroup
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 30 at 1:10PM
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 Waterloo Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 8-unit apartment property contains 4,860 square feet and was built in 1972. Recent move-outs followed a two-year period during which all units were occupied.
Located at 216 Lucas ST in San Antonio, the property is offered for sale.
Located at 216 Lucas ST in San Antonio, the property is offered for sale.
Key Highlights
- 8 apartment units
- 4,860 square feet of building area
- Built in 1972
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,644
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$992,880
$992.9K
Cap Rate 7%
$709,200
$709.2K
Cap Rate 9%
$551,600
$551.6K
Market Conditions
NOI Build-Up for 4,860 SF
Gross rent
$96.2K $19.80/SF
− Vacancy
−$6.0K −$1.23/SF
EGI
$90.3K $18.57/SF
− OpEx
−$40.6K −$8.36/SF
NOI
$49.6K $10.21/SF
Area
San Antonio, TX
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$992,880
Cap Rate 7%
$709,200
Cap Rate 9%
$551,600
Alternative Uses
Best Use
Apartment 5plus
$709.2K
$620.6K – $827.4K
NOI $49,644 @ 7.0% cap · market cap 6.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.08M – $1.45M
NOI $86,779 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
688
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - The property maintained full occupancy throughout the two years preceding recent tenant departures.
Where is this apartment building located?
The property is located at 216 Lucas ST San Antonio, TX.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 8 apartment units; 4,860 square feet of building area; Built in 1972
