Furnished Four-Unit
423 E ASHBY PL, San Antonio, TX 78212
For Sale
$725,000
Multi-Family (2-8 Units), San Antonio, TX
Property Size2,850 SF
Lot Size0.12 Acres
Price / SF$254.39
Days on Market50
Property Features for 423 E ASHBY PL
General Information
Property type
Property subtype
Zoning
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Subdivision
Standard status
Size
Lot size
Additional Details
Currently Operating
Taxes and HOA fees
Tax Annual Amount
Amenities
shared utility area with washer and dryer
mini golf hole
outdoor dry bar shed
shuffleboard table
poker table
adirondack seating area
cornhole
Building Details
Year built
Buildings
Listing Agency:
Rigel Realty LLC
Listed By:
Jennifer Thompson
(210) 979-7653
Added: Sep 22
Changed: Oct 27
Last Checked: Nov 10 at 7:06PM
MLS# 2018182
Copyright © 2026 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1928 quadplex at 423 E Ashby Pl in San Antonio contains four one-bedroom, one-bath units within approximately 2,850 square feet on a 0.12-acre lot. The property is zoned MF and is furnished for continued short-term rental operation. Unit interiors include high ceilings, natural light, kitchens with gas cooking, full-size refrigerators and microwaves, plus tub-and-shower bathrooms. King-size beds fit comfortably in the bedrooms. Shared improvements include a utility area with washer and dryer, additional storage, and off-street parking.
Outdoor and guest-oriented features include a dry bar shed, mini golf hole, shuffleboard table, poker table, Adirondack seating, and cornhole. The property is in Tobin Hill with access to The Pearl, the River Walk, North St. Mary's entertainment district, downtown San Antonio, and area dining and shopping. Nearby road connections provide access to Fort Sam Houston, Brooke Army Medical Center, Trinity University, University of the Incarnate Word, San Antonio College, and medical facilities.
Outdoor and guest-oriented features include a dry bar shed, mini golf hole, shuffleboard table, poker table, Adirondack seating, and cornhole. The property is in Tobin Hill with access to The Pearl, the River Walk, North St. Mary's entertainment district, downtown San Antonio, and area dining and shopping. Nearby road connections provide access to Fort Sam Houston, Brooke Army Medical Center, Trinity University, University of the Incarnate Word, San Antonio College, and medical facilities.
Key Highlights
- Four 1‑bedroom, 1‑bath units in a quadplex configuration
- Approximately 2,850 square feet on a 0.12‑acre lot
- Furnished for continued short‑term rental operation
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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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,894
Businesses Nearby
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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
$299,400
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in San Antonio, TX
Properties on Market for Quadplexes in San Antonio
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Established short-term rental setup 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 1‑bedroom, 1‑bath units in a quadplex configuration; Approximately 2,850 square feet on a 0.12‑acre lot; Furnished for continued short‑term rental operation
