7-Room Residential Income
New
For Sale
$450,500
2403 Westward, San Antonio, TX 78227
Commercial Improved Prop, San Antonio, TX
Property Size2,869 SF
Lot Size0.35 Acres
Price / SF$157.02
Days on Market2
Property Features for 2403 Westward
General Information
Property type
Other
Property subtype
Retail
Zoning
R-6
Elementary school district
Northside
Middle school district
Northside
High school district
Northside
Subdivision
0700
Standard status
Active
APN
155860010060
Size
2,869 SF
Lot size
0.35 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
6942
Utilities
Heating system
Central
Building Details
Year built
1962
Floors in Building
2
Number of units
7
Roof type
Composition
Listing Agency:
Stonepoint Properties Inc
Listed By:
Nick Zapiain
(210) 384-0200
Added: Oct 28
Last Checked: Oct 29 at 10:06AM
MLS# 1922263
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.
The property contains 7 individually rented rooms that share kitchen and bathroom facilities, plus a separate apartment at the rear. The 2,869-square-foot building has 3 full bathrooms, one half bath, and 2 kitchens. It is furnished and has central heating; the year built is 1962.
The 0.353-acre property is near a main street, Highway 90 West, and Lackland Airport. It is zoned R-6.
The 0.353-acre property is near a main street, Highway 90 West, and Lackland Airport. It is zoned R-6.
Key Highlights
- 7 individually rented rooms and a separate rear apartment
- 2,869 square feet on 0.353 acres
- 3 full baths and one half bath
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 - Seven rooms are rented individually, alongside a separately rented apartment at the rear of the property.
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: 7 individually rented rooms and a separate rear apartment; 2,869 square feet on 0.353 acres; 3 full baths and one half bath
