Individually Metered
217 Lotus Avenue San Antonio, TX 78210
217 Lotus Avenue, San Antonio, TX, 78210
$399,000
For Sale
$399,000
Fully occupied 4-plex with four 1-bed/1-bath units, individually metered utilities, and renovated rear stair and balcony.
Property Size2,280 SF
Price / SF$175
Days on Market675
Property Features for 217 Lotus Avenue
General Information
- Standard status
- Active
- Size
- 2,280 SF
- Property subtype
- Multi-Family / Two Story
Building Details
- Year Built
- 1910
Listing agency
Real Broker, LLC
(855) 450-0442
Listed by
Tre Serrano · License #0687355
(855) 450-0442
Source
Compass
Added: Sep 16, 2024 Updated: Jul 21 at 2:57PM Checked: Jul 22 at 10:47AM
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 fully occupied 4-plex offers four separate 1-bedroom, 1-bath units, each with a full kitchen and its own living area. Utilities are individually metered, with both front and rear entries serving the property. Additional exterior features include a shared backyard space, plus a recently renovated rear staircase and balcony.
Located at 217 Lotus Avenue in San Antonio, the property is positioned in Historic Lavaca-San Antonio’s oldest residential neighborhood and near King William, Essex Modern City, and Dignowity Hill. The remarks note easy access to Hemisfair Plaza and Tower of the Americas, with downtown described as about a 10-minute bike ride away. The area is also presented as walkable to local destinations including Rosario’s, Liberty Bar, and the Blue Star Arts Complex, and all four units are leased and producing rental income.
Located at 217 Lotus Avenue in San Antonio, the property is positioned in Historic Lavaca-San Antonio’s oldest residential neighborhood and near King William, Essex Modern City, and Dignowity Hill. The remarks note easy access to Hemisfair Plaza and Tower of the Americas, with downtown described as about a 10-minute bike ride away. The area is also presented as walkable to local destinations including Rosario’s, Liberty Bar, and the Blue Star Arts Complex, and all four units are leased and producing rental income.
Key Highlights
- Fully occupied 4‑plex with four 1 bed/1 bath units and full kitchens
- Each unit has separate living area and individually metered utilities
- Pre‑owned property built in 1910 with wood and laminate flooring
Local 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 | $39.7k | $17.40 |
| − Vacancy | −$2.2k | −$0.96 |
| EGI | $37.5k | $16.44 |
| − OpEx | −$11.2k | −$4.93 |
| NOI | $26.2k | $11.51 |
2,280 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$374.9K
$328.0K – $437.4K
NOI $26,243 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$332.7K
$291.1K – $388.2K
NOI $23,290 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$581.6K
$508.9K – $678.5K
NOI $40,711 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Fully occupied 4-plex with four 1-bed/1-bath units, individually metered utilities, and renovated rear stair and balcony.
Where is this quadplex located?
The property is located at 217 Lotus Avenue San Antonio, TX.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Fully occupied 4‑plex with four 1 bed/1 bath units and full kitchens; Each unit has separate living area and individually metered utilities; Pre‑owned property built in 1910 with wood and laminate flooring
