Furnished Four-Unit
For Sale
$725,000
423 E Ashby Pl, San Antonio, TX 78212
Four furnished residences are set up for short-term stays, with shared laundry, storage and off-street parking.
Property Size2,850 SF
Price / SF$254.39
Days on Market15
Property Features for 423 E Ashby Pl
General Information
Standard status
Active
Size
2,850 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Additional Details
Furnished
Yes
Amenities
shared utility area with washer and dryer
additional storage
off-street parking
mini golf hole
outdoor dry bar shed
shuffleboard table
poker table
adirondack seating area
cornhole
Building Details
Year Built
1928
Buildings
1
Listing Agency:
Rigel Realty LLC
Listed By:
Jennifer Thompson
(210) 979-7653
Source:
Sarahildebrandaguilera
Added: Oct 2
Changed: Oct 15
Last Checked: Oct 7 at 4:27PM
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 Rigel Realty LLC
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Investment Insights
Based on property information with market context.
This four-unit property contains approximately 2,850 square feet, arranged as four one-bedroom, one-bath residences. Furnishings convey, and the building is currently operated as short-term rentals. Each unit has a kitchen with gas cooking, a full-size refrigerator and a microwave. High ceilings and natural light are additional interior features. A shared laundry area, storage and off-street parking serve the property.
Outdoor and recreation features include a dry bar shed, mini golf hole, shuffleboard and poker tables, cornhole and an Adirondack seating area. The property is in Tobin Hill, with access to The Pearl, the River Walk, the N. St. Mary's entertainment district and downtown San Antonio. Major roadways connect the area with Fort Sam Houston, Brooke Army Medical Center, Trinity University, the University of the Incarnate Word and San Antonio College.
Outdoor and recreation features include a dry bar shed, mini golf hole, shuffleboard and poker tables, cornhole and an Adirondack seating area. The property is in Tobin Hill, with access to The Pearl, the River Walk, the N. St. Mary's entertainment district and downtown San Antonio. Major roadways connect the area with Fort Sam Houston, Brooke Army Medical Center, Trinity University, the University of the Incarnate Word and San Antonio College.
Key Highlights
- Four one‑bedroom, one‑bath units totaling approximately 2,850 square feet
- Furnishings convey; currently operated as short‑term rentals
- Each unit has gas cooking, a full‑size refrigerator and a microwave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,804
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$656,080
$656.1K
Cap Rate 7%
$468,629
$468.6K
Cap Rate 9%
$364,489
$364.5K
Market Conditions
NOI Build-Up for 2,850 SF
Gross rent
$49.6K $17.40/SF
− Vacancy
−$2.7K −$0.96/SF
EGI
$46.9K $16.44/SF
− OpEx
−$14.1K −$4.93/SF
NOI
$32.8K $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 Rate 5%
$656,080
Cap Rate 7%
$468,629
Cap Rate 9%
$364,489
Alternative Uses
Best Use
Multifamily LT 5
$468.6K
$410.1K – $546.7K
NOI $32,804 @ 7.0% cap · market cap 4.52%
Second Best
Apartment 5plus
$415.9K
$363.9K – $485.2K
NOI $29,112 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$727.0K
$636.1K – $848.2K
NOI $50,889 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,894
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four furnished residences are set up for short-term stays, with shared laundry, storage and off-street parking.
Where is this quadplex located?
The property is located at 423 E Ashby Pl San Antonio, TX.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Four one‑bedroom, one‑bath units totaling approximately 2,850 square feet; Furnishings convey; currently operated as short‑term rentals; Each unit has gas cooking, a full‑size refrigerator and a microwave
