Brick 4-Plex with Covered
417 West Gramercy Place San Antonio, TX 78212
For Sale
$850,000
Well-maintained brick 4-plex with central HVAC in each unit and covered parking with six off-street spaces.
Property Size5,702 SF
Price / SF$149.07
Days on Market62
Property Features for 417 West Gramercy Place
General Information
- Standard status
- Active
- Size
- 5,702 SF
- Property subtype
- Multi-Family / Two Story
Building Details
- Year Built
- 1931
Listing Agency:
Kuper Sotheby's Int'l Realty
(210) 454-2904
Listed By:
Shail Patel
(210) 454-2904
Source:
Compass
Added: May 26
Changed: Jul 22
Last Checked: Jul 26 at 11:43AM
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 Kuper Sotheby's Int'l Realty
Investment Insights
Based on property information with market context.
This well-maintained brick 4-plex offers four residential units. Each unit includes its own central HVAC system and water heater. The interiors are described as having bright, open floor plans with large living areas and separate dining spaces, along with spacious kitchens with appliances included and hardwood flooring throughout. Tenants have access to a dedicated utility building with two washers and two dryers provided at no cost. A covered parking structure provides six off-street parking spaces.
Significant capital improvements were completed in 2023, including foundation repairs, electrical upgrades, interior and exterior painting, updated lighting and plumbing fixtures, HVAC replacements and servicing, attic insulation improvements, and other deferred maintenance items.
The property is offered for sale as an income-producing multifamily asset. Existing lease discussions are underway, with the option for an owner to pause leasing efforts if a buyer prefers vacant units for renovations or repositioning.
Significant capital improvements were completed in 2023, including foundation repairs, electrical upgrades, interior and exterior painting, updated lighting and plumbing fixtures, HVAC replacements and servicing, attic insulation improvements, and other deferred maintenance items.
The property is offered for sale as an income-producing multifamily asset. Existing lease discussions are underway, with the option for an owner to pause leasing efforts if a buyer prefers vacant units for renovations or repositioning.
Key Highlights
- Well‑maintained brick 4‑plex built in 1931 with four 2 bed/2 bath units and approx. 5,702 SF total rentable area
- Each unit has its own central HVAC system and water heater
- Interiors include carpeting, ceramic tile, and wood flooring; separate dining spaces and spacious kitchens with appliances included
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.2k | $17.40 |
| − Vacancy | −$5.5k | −$0.96 |
| EGI | $93.8k | $16.44 |
| − OpEx | −$28.1k | −$4.93 |
| NOI | $65.6k | $11.51 |
5,702 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$937.6K
$820.4K – $1.09M
NOI $65,631 @ 7.0% cap · market cap 7.72%
Second Best
Apartment 5plus
$832.1K
$728.1K – $970.8K
NOI $58,245 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$1.45M
$1.27M – $1.70M
NOI $101,814 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Well-maintained brick 4-plex with central HVAC in each unit and covered parking with six off-street spaces.
Where is this quadplex located?
The property is located at 417 West Gramercy Place San Antonio, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Well‑maintained brick 4‑plex built in 1931 with four 2 bed/2 bath units and approx. 5,702 SF total rentable area; Each unit has its own central HVAC system and water heater; Interiors include carpeting, ceramic tile, and wood flooring; separate dining spaces and spacious kitchens with appliances included
