Two-Story Apartment
New
For Sale
$1,400,000
2523 Schubert, San Antonio, TX 78210
Built in 2007, the property includes central air and electric central interior systems.
Property Size10,400 SF
Price / SF$134.62
Days on Market7
Property Features for 2523 Schubert
General Information
Standard status
Active
Size
10,400 SF
Property subtype
Residential Income
Zoning
MF-33
Net Operating Income
$74,474
Taxes and HOA fees
Annual Taxes
$29,526
Amenities
Central Air
Electric, Central
Two Story
Building Details
Building Size
10,400 SF
Year Built
2007
Stories
2
Listing Agency:
(210) 378-6955
Listed By:
Michael Rayos
(210) 378-6955
Source:
Evrealestate
Added: Jul 30
Changed: Aug 3
Last Checked: Aug 5 at 4:35AM
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 Michael Rayos
Investment Insights
Based on property information with market context.
This two-story apartment building was constructed in 2007 and has a listed property size of 10400. Interior features include central air and electric, central systems, providing established building infrastructure for multifamily occupancy. The asset is classified as an apartment building and carries MF-33 zoning.
The property is located at 2523 Schubert in San Antonio, Bexar County, with access from Schubert Drive and connections to Rigsby Avenue, US-87, I-35, and I-10. Its configuration, age, zoning, and stated interior systems provide the key physical and regulatory details for evaluating the property.
The property is located at 2523 Schubert in San Antonio, Bexar County, with access from Schubert Drive and connections to Rigsby Avenue, US-87, I-35, and I-10. Its configuration, age, zoning, and stated interior systems provide the key physical and regulatory details for evaluating the property.
Key Highlights
- Two‑story apartment building constructed in 2007
- Listed property size of 10400
- MF‑33 zoning
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $205.9k | $19.80 |
| − Vacancy | −$12.8k | −$1.23 |
| EGI | $193.2k | $18.57 |
| − OpEx | −$86.9k | −$8.36 |
| NOI | $106.2k | $10.21 |
10,400 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.52M
$1.33M – $1.77M
NOI $106,234 @ 7.0% cap · market cap 7.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.65M
$2.32M – $3.10M
NOI $185,700 @ 7.0% cap · market cap 13.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
Explore this area
Business Placement
Demographics for 78210, TX
33,010
Population
14,410
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
76%
High-School Grad
7.3 sq mi
ZIP Area
4,522
Density / Sq Mi
$51,990
Median Household Income
$33,271
Median Earnings
$1,119
Median Rent
$172,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Built in 2007, the property includes central air and electric central interior systems.
Where is this apartment building located?
The property is located at 2523 Schubert San Antonio, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Two‑story apartment building constructed in 2007; Listed property size of 10400; MF‑33 zoning
