Spanish Revival
For Sale
$795,500
277 Post Ave, San Antonio, TX 78215
Vintage multifamily property with equipped kitchens and an expansive outdoor entertaining area.
Property Size2,970 SF
Price / SF$267.85
Days on Market18
Property Features for 277 Post Ave
General Information
Standard status
Active
Size
2,970 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Amenities
backyard
Building Details
Year Built
1928
Buildings
1
Construction
Spanish Revival
Listing Agency:
JB Goodwin, REALTORS
(210) 577-8957
Listed By:
Maria Spencer
Source:
Texashomeguide
Added: Aug 14
Changed: Aug 31
Last Checked: Aug 30 at 8:30PM
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 JB Goodwin, REALTORS
Investment Insights
Based on property information with market context.
Built in 1928, this 2,970-square-foot Spanish Revival quadplex contains four one-bedroom, one-bath units with distinct vintage character. Interior finishes include a combination of wood and laminate flooring, while each residence offers living and dining areas plus a kitchen equipped with a stove, oven, and refrigerator. Furnishings are negotiable, supporting a flexible transition for a new owner.
The property backs directly to the grounds of Fort Sam Houston and sits within walking distance of the Pearl District. A substantial backyard provides a dedicated setting for outdoor entertaining, gatherings, and relaxation. The asset is currently established as an Airbnb and short-term rental property.
The property backs directly to the grounds of Fort Sam Houston and sits within walking distance of the Pearl District. A substantial backyard provides a dedicated setting for outdoor entertaining, gatherings, and relaxation. The asset is currently established as an Airbnb and short-term rental property.
Key Highlights
- 2,970‑square‑foot Spanish Revival quadplex built in 1928
- Four 1‑bedroom, 1‑bathroom units
- Each unit includes living and dining areas with a stove, oven, and refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,185
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$683,700
$683.7K
Cap Rate 7%
$488,357
$488.4K
Cap Rate 9%
$379,833
$379.8K
Market Conditions
NOI Build-Up for 2,970 SF
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.
Gross rent
$51.7K $17.40/SF
− Vacancy
−$2.8K −$0.96/SF
EGI
$48.8K $16.44/SF
− OpEx
−$14.7K −$4.93/SF
NOI
$34.2K $11.51/SF
Area
San Antonio, TX
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$683,700
Cap Rate 7%
$488,357
Cap Rate 9%
$379,833
Alternative Uses
Best Use
Multifamily LT 5
$488.4K
$427.3K – $569.8K
NOI $34,185 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$433.4K
$379.2K – $505.6K
NOI $30,338 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$757.6K
$662.9K – $883.9K
NOI $53,032 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,254
Businesses Nearby
Explore this area
Business Placement
Demographics for 78215, TX
3,644
Population
3,029
Households
1.2
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.1 sq mi
ZIP Area
3,313
Density / Sq Mi
$82,128
Median Household Income
$75,532
Median Earnings
$1,754
Median Rent
$486,100
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?
Quadplex - Vintage multifamily property with equipped kitchens and an expansive outdoor entertaining area.
Where is this quadplex located?
The property is located at 277 Post Ave San Antonio, TX.
What is the asking price?
The asking price for this property is $795,500.
What are key features of this property?
This property features: 2,970‑square‑foot Spanish Revival quadplex built in 1928; Four 1‑bedroom, 1‑bathroom units; Each unit includes living and dining areas with a stove, oven, and refrigerator
