Four-Unit
New
For Sale
$359,000
226 Belmont, San Antonio, TX 78202
The property combines a primary residence with three separate apartments and is fully tenant-occupied.
Property Size2,800 SF
Price / SF$128.21
Days on Market5
Property Features for 226 Belmont
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Residential Income
Occupancy
100%
Site & Location
Neighborhood
Jefferson Heights
Units
Unit Mix
2 x 2BR/2BA, 2 x efficiency
Multifamily Units
4
Additional Details
Gross Income
$39,600
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$9,009
Amenities
central air conditioning
window air conditioning units
Listing Agency:
Joseph Walter Realty, LLC
Listed By:
Edward McClintick · License #0303307
(888) 227-1009
Source:
Exprealty
Added: Oct 28
Changed: Nov 1
Last Checked: Nov 1 at 3:16PM
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 Joseph Walter Realty, LLC
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Investment Insights
Based on property information with market context.
Configured as a quadplex, the 2,800-square-foot property includes a two-bedroom, two-bathroom main home and three apartments at the rear. One apartment has two bedrooms and two bathrooms; the other two are efficiency units. Across the property, the residences provide six bedrooms and six bathrooms. The main home has a kitchen, living area, and dining area, plus central air conditioning. The apartments use individual window units. The roof and HVAC in the main home are approximately 8 years old.
Key Highlights
- Four residences: a two‑bedroom, two‑bathroom home and three rear apartments
- One apartment has 2 bedrooms and 2 bathrooms; two additional units are efficiencies
- Six bedrooms and six bathrooms across 2,800 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,228
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$644,560
$644.6K
Cap Rate 7%
$460,400
$460.4K
Cap Rate 9%
$358,089
$358.1K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$48.7K $17.40/SF
− Vacancy
−$2.7K −$0.96/SF
EGI
$46.0K $16.44/SF
− OpEx
−$13.8K −$4.93/SF
NOI
$32.2K $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%
$644,560
Cap Rate 7%
$460,400
Cap Rate 9%
$358,089
Alternative Uses
Best Use
Multifamily LT 5
$460.4K
$402.9K – $537.1K
NOI $32,228 @ 7.0% cap · market cap 8.98%
Second Best
Apartment 5plus
$408.6K
$357.5K – $476.7K
NOI $28,601 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$714.2K
$625.0K – $833.3K
NOI $49,996 @ 7.0% cap · market cap 13.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
670
Businesses Nearby
Explore this area
Business Placement
Demographics for 78202, TX
11,422
Population
5,288
Households
2.2
Avg Household Size
34
Median Age
26%
College-Educated
77%
High-School Grad
2.3 sq mi
ZIP Area
4,966
Density / Sq Mi
$43,708
Median Household Income
$36,390
Median Earnings
$1,218
Median Rent
$223,900
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 - The property combines a primary residence with three separate apartments and is fully tenant-occupied.
Where is this quadplex located?
The property is located at 226 Belmont San Antonio, TX.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Four residences: a two‑bedroom, two‑bathroom home and three rear apartments; One apartment has 2 bedrooms and 2 bathrooms; two additional units are efficiencies; Six bedrooms and six bathrooms across 2,800 square feet
