6-Unit Apartment Building with
For Sale
$895,000
3221 N Flores, San Antonio, TX 78212
Multi-Family (2-8 Units), San Antonio, TX
Property Size4,039 SF
Lot Size0.29 Acres
Price / SF$221.59
Days on Market115
Property Features for 3221 N Flores
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-6 CD NCD-2
Elementary school
Call District
Middle school
Call District
High school
Call District
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
0900
Standard status
Active
APN
018000080080
Size
4,039 SF
Lot size
0.29 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
15474
Amenities
central courtyard
in-ground swimming pool
on-site parking lot
Building Details
Year built
1926
Listing Agency:
Keller Williams Heritage · Keller Williams Realty
Listed By:
Joel Leos · License #570952
(210) 493-3030
Added: Jul 10
Changed: Oct 23
Last Checked: Nov 1 at 10:06AM
MLS# 1939828
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 6-unit apartment property contains 4,039 square feet on a 0.286-acre parcel. The improvements include a central courtyard, on-site parking lot, and in-ground swimming pool. One 2-bedroom / 1-bath unit is under construction, while the remaining unit provides additional space for completion or operational improvements.
Occupancy is flexible: three units are occupied under month-to-month arrangements, one unit is occupied by a family member without rent, and no long-term leases are in place. The property is located at 3221 N Flores in San Antonio, with proximity to downtown San Antonio, The Pearl, and major employment centers. Built in 1926, the property is zoned R-6 CD NCD-2.
Occupancy is flexible: three units are occupied under month-to-month arrangements, one unit is occupied by a family member without rent, and no long-term leases are in place. The property is located at 3221 N Flores in San Antonio, with proximity to downtown San Antonio, The Pearl, and major employment centers. Built in 1926, the property is zoned R-6 CD NCD-2.
Key Highlights
- 6‑unit apartment property totaling 4039 square feet
- 0.286‑acre parcel at 3221 N Flores, San Antonio, TX 78212
- Three units occupied on a month‑to‑month basis; no long‑term leases in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,258
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$825,160
$825.2K
Cap Rate 7%
$589,400
$589.4K
Cap Rate 9%
$458,422
$458.4K
Market Conditions
NOI Build-Up for 4,039 SF
Gross rent
$80.0K $19.80/SF
− Vacancy
−$5.0K −$1.23/SF
EGI
$75.0K $18.57/SF
− OpEx
−$33.8K −$8.36/SF
NOI
$41.3K $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%
$825,160
Cap Rate 7%
$589,400
Cap Rate 9%
$458,422
Alternative Uses
Best Use
Apartment 5plus
$589.4K
$515.7K – $687.6K
NOI $41,258 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$901.5K – $1.20M
NOI $72,120 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,144
Businesses Nearby
Explore this area
Business Placement
Demographics for 78212, TX
26,738
Population
13,399
Households
2
Avg Household Size
39
Median Age
39%
College-Educated
85%
High-School Grad
6.9 sq mi
ZIP Area
3,875
Density / Sq Mi
$60,222
Median Household Income
$40,037
Median Earnings
$1,084
Median Rent
$299,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Central courtyard, on-site parking, and an in-ground pool complement this six-unit residential income property.
Where is this apartment building located?
The property is located at 3221 N Flores San Antonio, TX.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 6‑unit apartment property totaling 4039 square feet; 0.286‑acre parcel at 3221 N Flores, San Antonio, TX 78212; Three units occupied on a month‑to‑month basis; no long‑term leases in place
