4-Unit Townhouse
New
For Sale
$590,000
4906 Ali Ave, San Antonio, TX 78229
Multifamily property with separately metered units, private patios, laundry hookups, and dedicated tenant parking.
Property Size5,212 SF
Price / SF$113.20
Days on Market3
Property Features for 4906 Ali Ave
General Information
Standard status
Active
Size
5,212 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/1.5BA
Multifamily Units
4
Parking per Unit
2
Additional Details
Utilities to Site
Yes
Amenities
private fenced back patio
washer/dryer hookups
separately metered for utilities
dedicated parking lot
Building Details
Year Built
1986
Listing Agency:
Deason Realty Solutions, LLC
Listed By:
Anthony Deason
(210) 662-6000
Source:
Thebranchinc
Added: Sep 5
Last Checked: Sep 6 at 10:36AM
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 Deason Realty Solutions, LLC
Investment Insights
Based on property information with market context.
This 1986-built quadplex contains four townhouse-style units totaling 5,212 square feet. Each residence has two bedrooms, one-and-one-half bathrooms, a private fenced rear patio, and washer/dryer hookups. Separate utility meters serve the individual units, while the dedicated parking area accommodates up to two vehicles per residence.
The property is located near San Antonio’s Medical Center at 4906 Ali Ave. Two units are occupied and two are vacant, providing a combination of existing tenancy and available units within the same multifamily asset.
The property is located near San Antonio’s Medical Center at 4906 Ali Ave. Two units are occupied and two are vacant, providing a combination of existing tenancy and available units within the same multifamily asset.
Key Highlights
- Four townhouse‑style units totaling 5,212 square feet
- Each unit includes 2 bedrooms and 1.5 bathrooms
- Private fenced back patio and washer/dryer hookups per unit
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
$53,240
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
9.02%
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%
$1,064,800
$1.1M
Cap Rate 7%
$760,571
$760.6K
Cap Rate 9%
$591,556
$591.6K
Market Conditions
NOI Build-Up for 5,212 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
$103.2K $19.80/SF
− Vacancy
−$6.4K −$1.23/SF
EGI
$96.8K $18.57/SF
− OpEx
−$43.6K −$8.36/SF
NOI
$53.2K $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 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%
$1,064,800
Cap Rate 7%
$760,571
Cap Rate 9%
$591,556
Alternative Uses
Best Use
Multifamily LT 5
$857.0K
$749.9K – $999.9K
NOI $59,991 @ 7.0% cap · market cap 10.17%
Second Best
Apartment 5plus
$760.6K
$665.5K – $887.3K
NOI $53,240 @ 7.0% cap · market cap 9.02%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $93,064 @ 7.0% cap · market cap 15.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,033
Businesses Nearby
Explore this area
Business Placement
Demographics for 78229, TX
33,135
Population
19,149
Households
1.7
Avg Household Size
31
Median Age
31%
College-Educated
86%
High-School Grad
5.8 sq mi
ZIP Area
5,713
Density / Sq Mi
$46,718
Median Household Income
$32,888
Median Earnings
$1,234
Median Rent
$206,400
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?
Quadplex - Multifamily property with separately metered units, private patios, laundry hookups, and dedicated tenant parking.
Where is this quadplex located?
The property is located at 4906 Ali Ave San Antonio, TX.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Four townhouse‑style units totaling 5,212 square feet; Each unit includes 2 bedrooms and 1.5 bathrooms; Private fenced back patio and washer/dryer hookups per unit
