7-Room Residential Income
New
For Sale
$450,500
2403 Westward, San Antonio, TX 78227
Furnished rental rooms share kitchen and bath facilities, alongside a separately rented rear apartment.
Property Size2,869 SF
Price / SF$157.02
Days on Market3
Property Features for 2403 Westward
General Information
Standard status
Active
Size
2,869 SF
Property subtype
Commercial
Zoning
R-6
Site & Location
Neighborhood
Lackland Terrace
Highway Access
Yes
Additional Details
Furnished
Yes
Gross Income
$72,000
Tenant in Place
Yes
Amenities
2860
3360
0.353
Slab
1440
No
4
Building Details
Building Size
2,869 SF
Year Built
1962
Stories
2
Listing Agency:
Stonepoint Properties Inc
(210) 274-0072
Listed By:
Nick Zapiain · License #0523776
(210) 384-0200
Source:
Malouffrealty
Added: Oct 30
Last Checked: Oct 30 at 2:07AM
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 Stonepoint Properties Inc
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Investment Insights
Based on property information with market context.
The property includes seven individually rented rooms with shared kitchen and bathroom facilities, plus a rear apartment that is rented separately. Interior features include two kitchens, three full bathrooms, one half bath, two refrigerators and televisions. The rooms are furnished, and the building was constructed in 1962.
The property is zoned R-6 and is described as near Main Street, US 90 West and Lackland Airport.
The property is zoned R-6 and is described as near Main Street, US 90 West and Lackland Airport.
Key Highlights
- Seven rooms rented individually, plus a separately rented apartment at the rear
- Two kitchens, three full bathrooms and one half bath
- Furnished rooms with two refrigerators and televisions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,306
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$586,120
$586.1K
Cap Rate 7%
$418,657
$418.7K
Cap Rate 9%
$325,622
$325.6K
Market Conditions
NOI Build-Up for 2,869 SF
Gross rent
$56.8K $19.80/SF
− Vacancy
−$3.5K −$1.23/SF
EGI
$53.3K $18.57/SF
− OpEx
−$24.0K −$8.36/SF
NOI
$29.3K $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%
$586,120
Cap Rate 7%
$418,657
Cap Rate 9%
$325,622
Alternative Uses
Best Use
Apartment 5plus
$418.7K
$366.3K – $488.4K
NOI $29,306 @ 7.0% cap · market cap 6.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$731.8K
$640.4K – $853.8K
NOI $51,228 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,138
Businesses Nearby
Explore this area
Business Placement
Demographics for 78227, TX
46,594
Population
16,008
Households
2.9
Avg Household Size
33
Median Age
10%
College-Educated
77%
High-School Grad
19.1 sq mi
ZIP Area
2,439
Density / Sq Mi
$48,049
Median Household Income
$28,857
Median Earnings
$1,112
Median Rent
$151,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Furnished rental rooms share kitchen and bath facilities, alongside a separately rented rear apartment.
Where is this residential income property located?
The property is located at 2403 Westward San Antonio, TX.
What is the asking price?
The asking price for this property is $450,500.
What are key features of this property?
This property features: Seven rooms rented individually, plus a separately rented apartment at the rear; Two kitchens, three full bathrooms and one half bath; Furnished rooms with two refrigerators and televisions
