Eight-Unit Townhome-Style Apartment
New
For Sale
$1,400,000
2523 Schubert, San Antonio, TX 78210
MULTI_FAMILY - San Antonio, TX
Property Size10,400 SF
Lot Size0.62 Acres
Price / SF$134.62
Days on Market4
Property Features for 2523 Schubert
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MF-33
Elementary school
Stewart
High school
Highlands
Elementary school district
San Antonio I.S.D.
Middle school district
San Antonio I.S.D.
High school district
San Antonio I.S.D.
Subdivision
1900
Standard status
Active
Size
10,400 SF
Lot size
0.62 Acres
Taxes and HOA fees
Tax Annual Amount
29526
Amenities
off-street parking
private storage unit
on-site laundry hookups
shared outdoor gathering area
stainless steel appliances
Building Details
Year built
2007
Listing Agency:
Uriah Real Estate Organization
(830) 600-5263
Listed By:
Michael Rayos
(210) 315-8885
Added: Jul 30
Last Checked: Aug 2 at 1:06PM
MLS# 2004495
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.
2523 Schubert is a townhome-style eight-unit apartment community in San Antonio, Texas. The property consists of one well-maintained, two-story building constructed in 2007 on approximately 0.62 acres. All units feature a consistent layout with 4 bedrooms and 2 bathrooms, offering approximately 1,300 square feet per residence and approximately 10,400 square feet of rentable area total.
The community underwent a comprehensive interior renovation down to the studs in 2017, including new electrical, plumbing, HVAC systems, insulation, drywall, flooring, cabinetry, fixtures, and modern finishes throughout. Each residence includes stainless steel appliances, tile kitchen backsplashes, ceramic tile flooring, individual central HVAC, and separate electric metering. Additional residents’ conveniences include off-street parking, a private storage unit, on-site laundry hookups in every unit, and a shared outdoor gathering area with picnic tables.
With quick access to Interstate 10, Interstate 37, and Loop 410, the property is also just minutes from Downtown San Antonio, Brooks City Base, Fort Sam Houston, St. Philip’s College, and Frost Bank Center.
The community underwent a comprehensive interior renovation down to the studs in 2017, including new electrical, plumbing, HVAC systems, insulation, drywall, flooring, cabinetry, fixtures, and modern finishes throughout. Each residence includes stainless steel appliances, tile kitchen backsplashes, ceramic tile flooring, individual central HVAC, and separate electric metering. Additional residents’ conveniences include off-street parking, a private storage unit, on-site laundry hookups in every unit, and a shared outdoor gathering area with picnic tables.
With quick access to Interstate 10, Interstate 37, and Loop 410, the property is also just minutes from Downtown San Antonio, Brooks City Base, Fort Sam Houston, St. Philip’s College, and Frost Bank Center.
Key Highlights
- Eight‑unit, townhome‑style apartment community with approximately 10,400 SF total rentable area
- Two‑story building constructed in 2007 on approximately 0.6182 acres
- 2017 interior renovation down to the studs with new electrical, plumbing, HVAC, and finishes
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
Property Profile
Current Use
Lease Details
8
Residential units
Yes
Highway access
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Townhome-style residences in an MF-33 zoned two-story building built in 2007 and comprehensively renovated in 2017.
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: Eight‑unit, townhome‑style apartment community with approximately 10,400 SF total rentable area; Two‑story building constructed in 2007 on approximately 0.6182 acres; 2017 interior renovation down to the studs with new electrical, plumbing, HVAC, and finishes
