8-Unit Apartment
For Sale
Contact for pricing
400 W Lynwood Ave, San Antonio, TX 78212
Eight one-bedroom apartments on a corner lot with separate electric meters and on-site parking.
Property Size4,641 SF
Lot Size0.21 Acres
Price / SF$215.47
Days on Market10
Property Features for 400 W Lynwood Ave
General Information
Standard status
Active
Size
4,641 SF
Lot size
0.21 Acres
Property subtype
Multifamily
Zoning
MF-33
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
8 x 1BR/1BA
Multifamily Units
8
Amenities
mature trees
sidewalks
Building Details
Year Built
1934
Buildings
1
Units
8
Tenancy
Multi
Listing Agency:
Virtus Realty Group
(512) 960-3253
Listed By:
Michael Vasquez, CCIM · License #719713
Source:
Crexi
Added: Aug 3
Changed: Aug 12
Last Checked: Aug 12 at 4:37AM
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 Virtus Realty Group
Investment Insights
Based on property information with market context.
This 8-unit apartment property in San Antonio’s Alta Vista neighborhood was built in 1934 and includes eight one-bedroom, one-bathroom residences. Each apartment is approximately 575 square feet. Separate electric meters assign electricity service to individual tenants, while water is delivered through a common meter. The improvements feature a stucco exterior, flat roof, mature trees, sidewalks, and on-site parking.
The property is located at 400 W Lynwood Ave in central San Antonio, with access to major roadways and highways. Surrounding context includes schools, public transportation, retail, dining, grocery options, employment centers, and established residential and commercial amenities. Utility service is provided by CPS Energy for gas and electricity, SAWS for water, and the City of San Antonio for sewer service.
The property is located at 400 W Lynwood Ave in central San Antonio, with access to major roadways and highways. Surrounding context includes schools, public transportation, retail, dining, grocery options, employment centers, and established residential and commercial amenities. Utility service is provided by CPS Energy for gas and electricity, SAWS for water, and the City of San Antonio for sewer service.
Key Highlights
- 8‑unit multifamily property built in 1934
- Eight 1‑bedroom, 1‑bathroom units, each approximately 575 square feet
- 0.2118‑acre corner lot at 400 W Lynwood Ave
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
$47,407
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
4.74%
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%
$948,140
$948.1K
Cap Rate 7%
$677,243
$677.2K
Cap Rate 9%
$526,744
$526.7K
Market Conditions
NOI Build-Up for 4,641 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
$91.9K $19.80/SF
− Vacancy
−$5.7K −$1.23/SF
EGI
$86.2K $18.57/SF
− OpEx
−$38.8K −$8.36/SF
NOI
$47.4K $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%
$948,140
Cap Rate 7%
$677,243
Cap Rate 9%
$526,744
Alternative Uses
Best Use
Apartment 5plus
$677.2K
$592.6K – $790.1K
NOI $47,407 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,869 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,096
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 - Eight one-bedroom apartments on a corner lot with separate electric meters and on-site parking.
Where is this apartment building located?
The property is located at 400 W Lynwood Ave San Antonio, TX.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 8‑unit multifamily property built in 1934; Eight 1‑bedroom, 1‑bathroom units, each approximately 575 square feet; 0.2118‑acre corner lot at 400 W Lynwood Ave
