Four-Unit Quadplex with
For Sale
$399,000
217 Lotus St, San Antonio, TX 78210
Individually metered utilities support separate unit operations in a fully leased multifamily property.
Property Size2,280 SF
Price / SF$175
Days on Market96
Property Features for 217 Lotus St
General Information
Standard status
Active
Size
2,280 SF
Property subtype
Multi-Family
Building Details
Year Built
1910
Listing Agency:
Real Broker, LLC
Listed By:
Tre Serrano · License #0687355
(855) 450-0442
Source:
Drialtor
Added: Jul 13
Changed: Oct 12
Last Checked: Oct 7 at 3:38PM
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
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Investment Insights
Based on property information with market context.
Built in 1910, this four-unit multifamily property includes four one-bedroom, one-bath residences. Each apartment has a full kitchen and its own living area, while front and rear access points serve the building. The property also provides a shared backyard, along with a rear staircase and balcony that were recently renovated.
All four units are leased, and utilities are separately metered for each residence. The property is located at 217 Lotus St in San Antonio’s Historic Lavaca neighborhood, within the Southtown Arts District. King William, Essex Modern City, Dignowity Hill, Hemisfair Plaza, the Tower of the Americas, and downtown San Antonio are identified nearby; downtown is described as a 10-minute bike ride away.
All four units are leased, and utilities are separately metered for each residence. The property is located at 217 Lotus St in San Antonio’s Historic Lavaca neighborhood, within the Southtown Arts District. King William, Essex Modern City, Dignowity Hill, Hemisfair Plaza, the Tower of the Americas, and downtown San Antonio are identified nearby; downtown is described as a 10-minute bike ride away.
Key Highlights
- Four leased units, each with 1 bedroom and 1 bath
- 2,280‑square‑foot multifamily property built in 1910
- Separate utility metering for every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,243
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$524,860
$524.9K
Cap Rate 7%
$374,900
$374.9K
Cap Rate 9%
$291,589
$291.6K
Market Conditions
NOI Build-Up for 2,280 SF
Gross rent
$39.7K $17.40/SF
− Vacancy
−$2.2K −$0.96/SF
EGI
$37.5K $16.44/SF
− OpEx
−$11.2K −$4.93/SF
NOI
$26.2K $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%
$524,860
Cap Rate 7%
$374,900
Cap Rate 9%
$291,589
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
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Business Placement
Demographics for 78210, TX
33,010
Population
14,410
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
76%
High-School Grad
7.3 sq mi
ZIP Area
4,522
Density / Sq Mi
$51,990
Median Household Income
$33,271
Median Earnings
$1,119
Median Rent
$172,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Individually metered utilities support separate unit operations in a fully leased multifamily property.
Where is this quadplex located?
The property is located at 217 Lotus St 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: Four leased units, each with 1 bedroom and 1 bath; 2,280‑square‑foot multifamily property built in 1910; Separate utility metering for every unit
