5-Unit Multifamily
23927 Alanwood Dr, San Antonio, TX 78264
For Sale
$1,085,000
A mix of attached and detached residences sits on a gated acreage property, with four units currently leased.
Property Size5,667 SF
Lot Size8.22 Acres
Price / SF$191.46
Days on Market66
Property Features for 23927 Alanwood Dr
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Additional Details
Multifamily Units
Tenant in Place
Amenities
gated entrance
Patio Slab
Mature Trees
Workshop
Level
Building Details
Building Size
Year Built
Units
Listing Agency:
Central Metro Realty
(737) 249-9010
Listed By:
Pedro Juarez
(210) 363-0199
Source:
Cornerpostrealestate
Added: Sep 10
Changed: Nov 7
Last Checked: Nov 13 at 8:47PM
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 Central Metro Realty
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Investment Insights
Based on property information with market context.
This five-unit multifamily property spans approximately 8.22 acres and includes a main residence with an attached one-bedroom unit, plus three detached manufactured homes, each with three bedrooms and two bathrooms. The manufactured homes have been updated and include concrete pads and covered porches or decks. The property totals 5,667 square feet and was built in 2010. The main residence is owner occupied, while the other four units are leased. Tenants pay their own utilities.
A gated entrance and open acreage define the site. Additional residential units may be possible, subject to applicable permitting and approvals.
A gated entrance and open acreage define the site. Additional residential units may be possible, subject to applicable permitting and approvals.
Key Highlights
- Five residential units across approximately 8.22 acres
- 5,667 square feet; built in 2010
- Main residence includes an attached one‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,887
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,157,740
$1.2M
Cap Rate 7%
$826,957
$827.0K
Cap Rate 9%
$643,189
$643.2K
Market Conditions
NOI Build-Up for 5,667 SF
Gross rent
$112.2K $19.80/SF
− Vacancy
−$7.0K −$1.23/SF
EGI
$105.2K $18.57/SF
− OpEx
−$47.4K −$8.36/SF
NOI
$57.9K $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%
$1,157,740
Cap Rate 7%
$826,957
Cap Rate 9%
$643,189
Alternative Uses
Best Use
Apartment 5plus
$827.0K
$723.6K – $964.8K
NOI $57,887 @ 7.0% cap · market cap 5.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.26M – $1.69M
NOI $101,189 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 78264, TX
14,705
Population
4,465
Households
3.3
Avg Household Size
35
Median Age
13%
College-Educated
76%
High-School Grad
70.7 sq mi
ZIP Area
208
Density / Sq Mi
$60,245
Median Household Income
$32,732
Median Earnings
$1,381
Median Rent
$134,300
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in San Antonio, TX
Properties on Market for Multifamily properties in San Antonio
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - A mix of attached and detached residences sits on a gated acreage property, with four units currently leased.
Where is this multifamily property located?
The property is located at 23927 Alanwood Dr San Antonio, TX.
What is the asking price?
The asking price for this property is $1,085,000.
What are key features of this property?
This property features: Five residential units across approximately 8.22 acres; 5,667 square feet; built in 2010; Main residence includes an attached one‑bedroom unit
