Modern 20-Unit Multifamily
For Sale
$8,999,999
330 E Carson St, San Antonio, TX 78208
20-unit multifamily property with elevator, select patios and balconies, and on-site parking in a central San Antonio setting.
Property Size28,900 SF
Price / SF$311.42
Days on Market169
Property Features for 330 E Carson St
General Information
Standard status
Active
Size
28,900 SF
Additional Details
Multifamily Units
20
Amenities
elevator
Building Details
Tenancy
Multi
Listing Agency:
eXp Realty
(888) 519-7431
Listed By:
Jessica Balicki
(714) 617-0130
Source:
Exprealty
Added: Mar 19
Changed: Aug 25
Last Checked: Sep 1 at 9:27PM
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 eXp Realty
Investment Insights
Based on property information with market context.
This modern 20-unit multifamily investment property includes an elevator and units with open, contemporary layouts. The residences are described as having premium interior finishes and brand-new appliances. Select units also offer private patios and balconies.
Located at 330 E Carson St in San Antonio, the property is positioned just minutes from Downtown and the River Walk, with access to museums, dining, and entertainment.
With surplus on-site parking noted as a competitive advantage for this central location, the building is set up for convenient tenant access while maintaining a primarily residential configuration across all 20 units.
Located at 330 E Carson St in San Antonio, the property is positioned just minutes from Downtown and the River Walk, with access to museums, dining, and entertainment.
With surplus on-site parking noted as a competitive advantage for this central location, the building is set up for convenient tenant access while maintaining a primarily residential configuration across all 20 units.
Key Highlights
- 20‑unit multifamily property with Year Built 2026.
- Building includes an elevator for added accessibility.
- Select units offer private patios and balconies.
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
$295,208
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
3.28%
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%
$5,904,160
$5.9M
Cap Rate 7%
$4,217,257
$4.2M
Cap Rate 9%
$3,280,089
$3.3M
Market Conditions
NOI Build-Up for 28,900 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
$572.2K $19.80/SF
− Vacancy
−$35.5K −$1.23/SF
EGI
$536.7K $18.57/SF
− OpEx
−$241.5K −$8.36/SF
NOI
$295.2K $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 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%
$5,904,160
Cap Rate 7%
$4,217,257
Cap Rate 9%
$3,280,089
Alternative Uses
Best Use
Apartment 5plus
$4.22M
$3.69M – $4.92M
NOI $295,208 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.37M
$6.45M – $8.60M
NOI $516,033 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,381
Businesses Nearby
Explore this area
Business Placement
Demographics for 78208, TX
3,874
Population
2,292
Households
1.7
Avg Household Size
35
Median Age
13%
College-Educated
76%
High-School Grad
1.0 sq mi
ZIP Area
3,874
Density / Sq Mi
$23,194
Median Household Income
$26,136
Median Earnings
$894
Median Rent
$125,000
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 - 20-unit multifamily property with elevator, select patios and balconies, and on-site parking in a central San Antonio setting.
Where is this apartment building located?
The property is located at 330 E Carson St San Antonio, TX.
What is the asking price?
The asking price for this property is $8,999,999.
What are key features of this property?
This property features: 20‑unit multifamily property with Year Built 2026.; Building includes an elevator for added accessibility.; Select units offer private patios and balconies.
