13-Unit Apartment
For Sale
Contact for pricing
415-425 Maverick St, San Antonio, TX 78212
Two central San Antonio multifamily assets offer varied unit layouts, updated interiors, laundry facilities, and off-street parking.
Property Size8,632 SF
Price / SF$220.11
Days on Market119
Property Features for 415-425 Maverick St
General Information
Standard status
Active
Size
8,632 SF
Property subtype
Multifamily
Zoning
MF-33/UC-6
Occupancy
100%
Investment Type
Value Add
Building Details
Year Built
1906
Year Renovated
2020
Buildings
3
Stories
2
Units
13
Listing Agency:
Malouff International Group
(210) 365-6192
Listed By:
Scott Malouff · License #TX 658231
Source:
Crexi
Added: May 6
Changed: Aug 29
Last Checked: Aug 31 at 3:20PM
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 Malouff International Group
Investment Insights
Based on property information with market context.
This multifamily portfolio combines a 3-unit property at 410 W Evergreen Street with a 10-unit building at 415-425 Maverick Street. The 13 residences include two-bedroom, one-bathroom duplex units and one-bedroom, one-bathroom units. Interior features include updated kitchens and bathrooms, wood cabinetry, stone countertops, stainless steel gas ranges and refrigerators, tile surrounds, stone vanities, hardwood flooring, vinyl flooring, and central HVAC in the duplexes. The one-bedroom units have window AC units. Washer and dryer connections are provided in the duplexes, while the portfolio also includes an on-site coin-operated laundry facility and rear off-street parking.
Both properties are in the Tobin Hill neighborhood of central San Antonio, north of the Central Business District. The portfolio is 100% occupied and carries MF-33/UC-6 zoning. The Maverick Street property contains 8,632 square feet on 0.4623 acres; its stated cap rate is 4.54%, while the Evergreen Street property has a stated cap rate of 5.05%.
Both properties are in the Tobin Hill neighborhood of central San Antonio, north of the Central Business District. The portfolio is 100% occupied and carries MF-33/UC-6 zoning. The Maverick Street property contains 8,632 square feet on 0.4623 acres; its stated cap rate is 4.54%, while the Evergreen Street property has a stated cap rate of 5.05%.
Key Highlights
- 13‑unit multifamily portfolio comprising a 3‑unit property and a 10‑unit property
- 100% occupied across the combined portfolio
- 415‑425 Maverick Street includes 8,632 SF on 0.4623 Acres
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
$99,355
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
5.23%
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%
$1,987,100
$2.0M
Cap Rate 7%
$1,419,357
$1.4M
Cap Rate 9%
$1,103,944
$1.1M
Market Conditions
NOI Build-Up for 8,632 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
$150.2K $17.40/SF
− Vacancy
−$8.3K −$0.96/SF
EGI
$141.9K $16.44/SF
− OpEx
−$42.6K −$4.93/SF
NOI
$99.4K $11.51/SF
Area
San Antonio, TX
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
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%
$1,987,100
Cap Rate 7%
$1,419,357
Cap Rate 9%
$1,103,944
Alternative Uses
Best Use
Multifamily LT 5
$1.42M
$1.24M – $1.66M
NOI $99,355 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $88,174 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$2.20M
$1.93M – $2.57M
NOI $154,131 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,566
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 - Two central San Antonio multifamily assets offer varied unit layouts, updated interiors, laundry facilities, and off-street parking.
Where is this apartment building located?
The property is located at 415-425 Maverick St San Antonio, TX.
What is the asking price?
The asking price for this property is $1,899,990.
What are key features of this property?
This property features: 13‑unit multifamily portfolio comprising a 3‑unit property and a 10‑unit property; 100% occupied across the combined portfolio; 415‑425 Maverick Street includes 8,632 SF on 0.4623 Acres
