Multifamily Property with Central
For Sale
$250,000
227 Shrine, San Antonio, TX 78221
Multi-Family (2-8 Units), San Antonio, TX
Property Size1,781 SF
Lot Size0.17 Acres
Price / SF$140.37
Days on Market32
Property Features for 227 Shrine
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
X
Elementary school
Wright
Middle school
Terrell Wells
High school
Mccollum
Elementary school district
Harlandale I.S.D
Middle school district
Harlandale I.S.D
High school district
Harlandale I.S.D
Subdivision
2100
Standard status
Active
Size
1,781 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
4825
Utilities
Cooling system
Central Air
Building Details
Year built
1950
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Alicia Galindo
(214) 202-7615
Added: Sep 19
Changed: Oct 6
Last Checked: Oct 20 at 10:06AM
MLS# 2017673
Copyright © 2026 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This multifamily property in San Antonio includes 1,781 square feet on a 0.165-acre lot. Constructed in 1950, the building is equipped with central air and carries X zoning.
The property is situated on San Antonio’s South Side, with shopping, dining, schools, and major roadways nearby. Southwest Military Drive provides access to surrounding services and transportation routes. Its established setting and existing improvements offer a practical starting point for a buyer evaluating a residential income property.
The property is situated on San Antonio’s South Side, with shopping, dining, schools, and major roadways nearby. Southwest Military Drive provides access to surrounding services and transportation routes. Its established setting and existing improvements offer a practical starting point for a buyer evaluating a residential income property.
Key Highlights
- 1,781‑square‑foot multifamily property
- 0.165‑acre lot
- Central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,193
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,860
$363.9K
Cap Rate 7%
$259,900
$259.9K
Cap Rate 9%
$202,144
$202.1K
Market Conditions
NOI Build-Up for 1,781 SF
Gross rent
$35.3K $19.80/SF
− Vacancy
−$2.2K −$1.23/SF
EGI
$33.1K $18.57/SF
− OpEx
−$14.9K −$8.36/SF
NOI
$18.2K $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%
$363,860
Cap Rate 7%
$259,900
Cap Rate 9%
$202,144
Alternative Uses
Best Use
Apartment 5plus
$259.9K
$227.4K – $303.2K
NOI $18,193 @ 7.0% cap · market cap 7.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$454.3K
$397.5K – $530.0K
NOI $31,801 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
921
Businesses Nearby
Explore this area
Business Placement
Demographics for 78221, TX
39,779
Population
14,939
Households
2.7
Avg Household Size
35
Median Age
12%
College-Educated
74%
High-School Grad
36.3 sq mi
ZIP Area
1,096
Density / Sq Mi
$63,114
Median Household Income
$33,439
Median Earnings
$1,147
Median Rent
$157,500
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?
Multifamily property - Central air and access to shopping, dining, schools, and major roadways support everyday usability.
Where is this multifamily property located?
The property is located at 227 Shrine San Antonio, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,781‑square‑foot multifamily property; 0.165‑acre lot; Central air conditioning
