8-Unit Townhome-Style Apartment
2523 Schubert, San Antonio, TX 78210
For Sale
New
$1,250,000
Multi-Family (2-8 Units), San Antonio, TX
Property Size10,400 SF
Lot Size0.62 Acres
Price / SF$120.19
Days on Market2
Property Features for 2523 Schubert
General Information
Property type
Property subtype
Zoning
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Amenities
stainless steel appliances
tile kitchen backsplashes
ceramic tile flooring
individual central HVAC systems
ample off-street parking
private storage unit
on-site laundry hookups
shared outdoor gathering area with picnic tables
Building Details
Year built
Buildings
Listing Agency:
Uriah Real Estate Organization
(830) 600-5263
Listed By:
Michael Rayos
(210) 315-8885
Added: Nov 9
Changed: Nov 10
Last Checked: Nov 10 at 7:06PM
MLS# 2029341
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.
This two-story, eight-unit apartment property offers four-bedroom, two-bathroom townhome-style residences. Each unit is approximately 1,300 square feet, with approximately 10,400 square feet of total rentable area across the building. The 0.62-acre site is zoned MF-33. A 2017 interior overhaul replaced electrical, plumbing, HVAC, insulation, drywall, flooring, cabinetry, and fixtures. Units include stainless steel appliances, ceramic tile flooring, kitchen tile backsplashes, individual central HVAC, separate electric meters, and laundry hookups. Shared amenities include off-street parking, a private storage unit, and an outdoor area with picnic tables.
Built in 2007, the property is in San Antonio with access to Interstate 10, Interstate 37, and Loop 410. Nearby destinations include Downtown San Antonio, Brooks City Base, Fort Sam Houston, St. Philip's College, and Frost Bank Center.
Built in 2007, the property is in San Antonio with access to Interstate 10, Interstate 37, and Loop 410. Nearby destinations include Downtown San Antonio, Brooks City Base, Fort Sam Houston, St. Philip's College, and Frost Bank Center.
Key Highlights
- Eight units, each with 4 bedrooms and 2 bathrooms
- Approximately 10,400 square feet of rentable area on 0.62 acres
- Two‑story building constructed in 2007; MF‑33 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,234
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,124,680
$2.1M
Cap Rate 7%
$1,517,629
$1.5M
Cap Rate 9%
$1,180,378
$1.2M
Market Conditions
NOI Build-Up for 10,400 SF
Gross rent
$205.9K $19.80/SF
− Vacancy
−$12.8K −$1.23/SF
EGI
$193.2K $18.57/SF
− OpEx
−$86.9K −$8.36/SF
NOI
$106.2K $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%
$2,124,680
Cap Rate 7%
$1,517,629
Cap Rate 9%
$1,180,378
Alternative Uses
Best Use
Apartment 5plus
$1.52M
$1.33M – $1.77M
NOI $106,234 @ 7.0% cap · market cap 8.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.65M
$2.32M – $3.10M
NOI $185,700 @ 7.0% cap · market cap 14.86%
Zoning and permitted uses should be independently verified with authorities.
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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
$172,700
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in San Antonio, TX
Properties on Market for Apartment buildings in San Antonio
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Four-bedroom residences combine private laundry hookups, individual HVAC, and separately metered electricity.
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 $1,250,000.
What are key features of this property?
This property features: Eight units, each with 4 bedrooms and 2 bathrooms; Approximately 10,400 square feet of rentable area on 0.62 acres; Two‑story building constructed in 2007; MF‑33 zoning
