Fourplex with Modern Unit
For Sale
$970,000
317 Toledo Street, San Antonio, TX 78203
Four-unit property with open layouts, in-unit laundry, and separate climate control in each residence.
Property Size3,556 SF
Price / SF$272.78
Days on Market209
Property Features for 317 Toledo Street
General Information
Standard status
Active
Size
3,556 SF
Property subtype
Multi-Family / Two Story
Zoning
RM-4
Net Operating Income
$65,300
Taxes and HOA fees
Annual Taxes
$12,153
Amenities
Vinyl
Composition
Slab
Conventional, FHA, VA, Cash
Building Details
Year Built
2022
Listing Agency:
Keller Williams Legacy
(210) 291-1422
Listed By:
Guillermo Moya
(210) 291-1422
Source:
Compass
Added: Feb 4
Changed: Aug 31
Last Checked: Aug 31 at 1:49AM
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 Keller Williams Legacy
Investment Insights
Based on property information with market context.
Completed in 2022, this fourplex contains 3,556 square feet across four residences. Each unit offers an open-concept layout with two bedrooms, two and a half bathrooms, in-unit laundry, and independent climate control. Large windows, plank flooring, quartz countertops, stainless steel appliances, and contemporary cabinetry create a cohesive interior package, while composition exterior materials and slab construction support a low-maintenance design.
The property is located at 317 Toledo Street in San Antonio’s Denver Heights area, near downtown, dining, transit, and other downtown amenities. RM-4 zoning provides the recorded land-use designation for the asset.
The property is located at 317 Toledo Street in San Antonio’s Denver Heights area, near downtown, dining, transit, and other downtown amenities. RM-4 zoning provides the recorded land-use designation for the asset.
Key Highlights
- Fourplex with four two‑bedroom, two‑and‑a‑half‑bath units
- 3,556 square feet completed in 2022
- RM‑4 zoning
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
$40,930
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
4.22%
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%
$818,600
$818.6K
Cap Rate 7%
$584,714
$584.7K
Cap Rate 9%
$454,778
$454.8K
Market Conditions
NOI Build-Up for 3,556 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
$61.9K $17.40/SF
− Vacancy
−$3.4K −$0.96/SF
EGI
$58.5K $16.44/SF
− OpEx
−$17.5K −$4.93/SF
NOI
$40.9K $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%
$818,600
Cap Rate 7%
$584,714
Cap Rate 9%
$454,778
Alternative Uses
Best Use
Multifamily LT 5
$584.7K
$511.6K – $682.2K
NOI $40,930 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$518.9K
$454.1K – $605.4K
NOI $36,324 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$907.1K
$793.7K – $1.06M
NOI $63,495 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
658
Businesses Nearby
Explore this area
Business Placement
Demographics for 78203, TX
5,872
Population
2,380
Households
2.5
Avg Household Size
35
Median Age
14%
College-Educated
75%
High-School Grad
1.4 sq mi
ZIP Area
4,194
Density / Sq Mi
$34,815
Median Household Income
$28,146
Median Earnings
$989
Median Rent
$139,900
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?
Quadplex - Four-unit property with open layouts, in-unit laundry, and separate climate control in each residence.
Where is this quadplex located?
The property is located at 317 Toledo Street San Antonio, TX.
What is the asking price?
The asking price for this property is $970,000.
What are key features of this property?
This property features: Fourplex with four two‑bedroom, two‑and‑a‑half‑bath units; 3,556 square feet completed in 2022; RM‑4 zoning
