Furnished Apartment Building with
New
For Sale
$799,500
233 ESMERALDA DR, San Antonio, TX 78228
Multi-Family (2-8 Units), San Antonio, TX
Property Size4,140 SF
Lot Size0.57 Acres
Price / SF$193.12
Days on Market2
Property Features for 233 ESMERALDA DR
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-6
Elementary school
Loma Park
Middle school
Gus Garcia
High school
Memorial
Elementary school district
Edgewood I.S.D
Middle school district
Edgewood I.S.D
High school district
Edgewood I.S.D
Subdivision
0700
Standard status
Active
Size
4,140 SF
Lot size
0.57 Acres
Taxes and HOA fees
Tax Annual Amount
11213
Utilities
Cooling system
Central Air, Zoned
Amenities
interior courtyard
fully equipped kitchen
dedicated office space
laundry room
security system
covered patio
Building Details
Year built
2019
Listing Agency:
Radiant Realty
Listed By:
Sharlette Scott · License #0497375
(210) 630-3034
Added: Oct 6
Last Checked: Oct 7 at 2:06AM
MLS# 2021564
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.
Investment Insights
Based on property information with market context.
Built in 2019, this furnished apartment property contains 4,140 square feet, with 9 private suites and 9.5 bathrooms. Each suite has a full bathroom with a tiled walk-in shower and closet space. A central courtyard connects the surrounding corridors, while common areas include a fully equipped kitchen with stainless steel appliances, two refrigerators, and a large island. The property also has a dedicated office and a laundry room with washer and dryer.
The 0.574-acre site includes a covered patio, a backyard, and a half-moon driveway with extended parking. Building systems and security features include two 5-ton HVAC units and a security system. The property is zoned R-6 and is located one traffic light from St. Mary's University, with Our Lady of the Lake University described as minutes away.
The 0.574-acre site includes a covered patio, a backyard, and a half-moon driveway with extended parking. Building systems and security features include two 5-ton HVAC units and a security system. The property is zoned R-6 and is located one traffic light from St. Mary's University, with Our Lady of the Lake University described as minutes away.
Key Highlights
- 9 private suites and 9.5 bathrooms in 4,140 square feet
- Furnished property built in 2019
- 0.574‑acre site with backyard, covered patio, and extended driveway parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,289
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$845,780
$845.8K
Cap Rate 7%
$604,129
$604.1K
Cap Rate 9%
$469,878
$469.9K
Market Conditions
NOI Build-Up for 4,140 SF
Gross rent
$82.0K $19.80/SF
− Vacancy
−$5.1K −$1.23/SF
EGI
$76.9K $18.57/SF
− OpEx
−$34.6K −$8.36/SF
NOI
$42.3K $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%
$845,780
Cap Rate 7%
$604,129
Cap Rate 9%
$469,878
Alternative Uses
Best Use
Apartment 5plus
$604.1K
$528.6K – $704.8K
NOI $42,289 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$924.0K – $1.23M
NOI $73,923 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
419
Businesses Nearby
Explore this area
Business Placement
Demographics for 78228, TX
56,369
Population
21,397
Households
2.6
Avg Household Size
37
Median Age
14%
College-Educated
74%
High-School Grad
10.9 sq mi
ZIP Area
5,171
Density / Sq Mi
$50,865
Median Household Income
$30,811
Median Earnings
$1,004
Median Rent
$164,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Nine private suites, shared resident amenities, and a dedicated office support flexible residential operations.
Where is this apartment building located?
The property is located at 233 ESMERALDA DR San Antonio, TX.
What is the asking price?
The asking price for this property is $799,500.
What are key features of this property?
This property features: 9 private suites and 9.5 bathrooms in 4,140 square feet; Furnished property built in 2019; 0.574‑acre site with backyard, covered patio, and extended driveway parking
