7-Unit Apartment
For Sale
$480,000
403 Terrell Ave, San Antonio, TX 78214
Mixed studio, one-bedroom, and two-bedroom layouts with select unit improvements and on-site parking.
Property Size2,599 SF
Price / SF$184.69
Days on Market65
Property Features for 403 Terrell Ave
General Information
Standard status
Active
Size
2,599 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
7
Building Details
Year Built
2003
Listing Agency:
Keller Williams Heritage
Listed By:
Scott Malouff · License #658231
(210) 365-6192
Source:
Kingdomtxrealty
Added: Aug 15
Changed: Oct 6
Last Checked: Oct 7 at 3:30PM
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 Heritage
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Investment Insights
Based on property information with market context.
This apartment property contains seven rental units with a mix of studio, one-bedroom, and two-bedroom floor plans. Improvements in several units include updated paint, flooring, and modern finishes. The property was built in 2003 and includes on-site parking.
Located at 403 Terrell Ave in San Antonio, the property offers access to IH-35, Highway 90, and Loop 410. Downtown San Antonio, Mission Concepcion, and the Southtown Arts District are minutes away, while Toyota Manufacturing, Brooks City Base, and Lackland AFB are identified as nearby major employment destinations.
Located at 403 Terrell Ave in San Antonio, the property offers access to IH-35, Highway 90, and Loop 410. Downtown San Antonio, Mission Concepcion, and the Southtown Arts District are minutes away, while Toyota Manufacturing, Brooks City Base, and Lackland AFB are identified as nearby major employment destinations.
Key Highlights
- Seven‑unit multifamily property at 403 Terrell Ave, San Antonio, TX 78214
- Unit mix includes studio, one‑bedroom, and two‑bedroom layouts
- Several units feature updated paint, flooring, and modern finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,548
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,960
$531.0K
Cap Rate 7%
$379,257
$379.3K
Cap Rate 9%
$294,978
$295.0K
Market Conditions
NOI Build-Up for 2,599 SF
Gross rent
$51.5K $19.80/SF
− Vacancy
−$3.2K −$1.23/SF
EGI
$48.3K $18.57/SF
− OpEx
−$21.7K −$8.36/SF
NOI
$26.5K $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%
$530,960
Cap Rate 7%
$379,257
Cap Rate 9%
$294,978
Alternative Uses
Best Use
Apartment 5plus
$379.3K
$331.9K – $442.5K
NOI $26,548 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$663.0K
$580.1K – $773.5K
NOI $46,407 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
7
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
473
Businesses Nearby
Explore this area
Business Placement
Demographics for 78214, TX
22,664
Population
8,447
Households
2.7
Avg Household Size
37
Median Age
9%
College-Educated
69%
High-School Grad
8.3 sq mi
ZIP Area
2,731
Density / Sq Mi
$41,334
Median Household Income
$31,397
Median Earnings
$934
Median Rent
$121,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Mixed studio, one-bedroom, and two-bedroom layouts with select unit improvements and on-site parking.
Where is this apartment building located?
The property is located at 403 Terrell Ave San Antonio, TX.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Seven‑unit multifamily property at 403 Terrell Ave, San Antonio, TX 78214; Unit mix includes studio, one‑bedroom, and two‑bedroom layouts; Several units feature updated paint, flooring, and modern finishes
