Well-Maintained 13-Unit Apartment
For Sale
$1,650,000
329 W HUISACHE AVE, San Antonio, TX 78212
Commercial Sale, Other - San Antonio, TX
Property Size6,880 SF
Price / SF$239.83
Days on Market39
Property Features for 329 W HUISACHE AVE
General Information
Property type
Commercial Sale
Property subtype
Multi Family
Parking
13
Directions
South On San Pedro left on W Huisache
Standard status
Active
APN
030010030150
Size
6,880 SF
Building Details
Year built
1925
Roof type
Built-Up
Architectural style
Other
Builder Name
MARYLAND APARTMENTS
Listing Agency:
Engel & Völkers San Antonio
(210) 490-3939
Listed By:
Tania Valencia
(210) 490-3939
Added: Jul 4
Changed: Jul 15
Last Checked: Aug 11 at 10:06PM
MLS# 1994172
Copyright © 2026 Engel & Völkers. 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.
This beautifully maintained 13-unit apartment building features spacious one-bedroom homes, each described at approximately 700 square feet. The offering highlights fresh paint throughout and a classic San Antonio character. The property totals about 6,880 square feet, and it is currently positioned as a turnkey residential income option for tenants seeking standalone, comfortable layouts within a multi-unit setting.
Located at 329 W Huisache Ave in San Antonio, the property is described as being in the heart of Montevista, with convenience to downtown. The remarks also note access to shopping, dining, and major highways, supporting an everyday-liveable location for prospective residents.
The configuration of 13 individual one-bedroom units may appeal to operators looking for a straightforward multifamily setup, with the ability to pursue renter occupancy through traditional leasing approaches. The listing also specifically mentions short-term leasing options as a consideration, which may broaden use-case fit depending on an operator’s strategy and local compliance requirements.
Located at 329 W Huisache Ave in San Antonio, the property is described as being in the heart of Montevista, with convenience to downtown. The remarks also note access to shopping, dining, and major highways, supporting an everyday-liveable location for prospective residents.
The configuration of 13 individual one-bedroom units may appeal to operators looking for a straightforward multifamily setup, with the ability to pursue renter occupancy through traditional leasing approaches. The listing also specifically mentions short-term leasing options as a consideration, which may broaden use-case fit depending on an operator’s strategy and local compliance requirements.
Key Highlights
- Beautifully maintained 13‑unit property (year built 1925) at 329 W Huisache Avenue in Montevista
- All units are 1‑bedroom apartments, each approx. 700 sq. ft.
- Fresh paint reported in each 1‑bedroom apartment
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
$70,278
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
4.26%
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%
$1,405,560
$1.4M
Cap Rate 7%
$1,003,971
$1.0M
Cap Rate 9%
$780,867
$780.9K
Market Conditions
NOI Build-Up for 6,880 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
$136.2K $19.80/SF
− Vacancy
−$8.4K −$1.23/SF
EGI
$127.8K $18.57/SF
− OpEx
−$57.5K −$8.36/SF
NOI
$70.3K $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 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%
$1,405,560
Cap Rate 7%
$1,003,971
Cap Rate 9%
$780,867
Alternative Uses
Best Use
Apartment 5plus
$1.00M
$878.5K – $1.17M
NOI $70,278 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.75M
$1.54M – $2.05M
NOI $122,848 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
13
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,184
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
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 - Thirteen well-kept one-bedroom units with fresh interiors, offering flexibility for long- or short-term leasing.
Where is this apartment building located?
The property is located at 329 W HUISACHE AVE San Antonio, TX.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Beautifully maintained 13‑unit property (year built 1925) at 329 W Huisache Avenue in Montevista; All units are 1‑bedroom apartments, each approx. 700 sq. ft.; Fresh paint reported in each 1‑bedroom apartment
