Quadplex with Unfinished Fourth
4919 Ty Terrace St San Antonio, TX 78229
4919 Ty Terrace St, San Antonio, TX, 78229
$580,000
For Sale
$580,000
MULTI_FAMILY - San Antonio, TX
Property Size4,964 SF
Lot Size0.26 Acres
Price / SF$116.84
Days on Market33
Property Features for 4919 Ty Terrace St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 4,964 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Annual Amount
- 12314
Building Details
- Year built
- 1983
Listing Agency
Rigel Realty LLC
(210) 979-7653
11122 Wurzbach Rd, San Antonio, TX
Listed by
Jennifer Thompson
(210) 979-7657
Added: Jun 19 Checked: Jul 21 at 12:06 am
MLS# 1972808
Listing URL
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.
Investment Insights
Based on property information with market context.
This quadplex includes three active rental units and a fourth unit that remains unfinished. According to the listing, two of the operating units are currently used as short-term rentals, while one unit is leased as a mid-term rental, creating a mix of rental terms within the property. Unit 4 presents a value-add opportunity for an owner-operator or investor looking to complete the space and add additional rental income. The property is set on a 0.258-acre lot and totals 4,964 square feet.
The property is located in San Antonio and is described as having convenient access to major highways, shopping, dining, and local attractions, supporting tenant demand for both short-term and mid-term stays. An open house is scheduled for Units 1 and 4 on Friday, June 19 from 3:00 PM to 6:00 PM.
For tenants, this configuration can support a variety of rental arrangements across short- and mid-term needs, while providing a path to expand the number of rentable spaces through completion of Unit 4. For buyers, the existing occupancy described for three units offers day-one rental activity, with additional upside tied directly to finishing the unfinished fourth unit and placing it into service.
The property is located in San Antonio and is described as having convenient access to major highways, shopping, dining, and local attractions, supporting tenant demand for both short-term and mid-term stays. An open house is scheduled for Units 1 and 4 on Friday, June 19 from 3:00 PM to 6:00 PM.
For tenants, this configuration can support a variety of rental arrangements across short- and mid-term needs, while providing a path to expand the number of rentable spaces through completion of Unit 4. For buyers, the existing occupancy described for three units offers day-one rental activity, with additional upside tied directly to finishing the unfinished fourth unit and placing it into service.
Key Highlights
- Year built: 1983
- Three active rental units: two operating as short‑term rentals and one leased as a mid‑term rental
- Unit 4 remains unfinished, offering value‑add potential for additional rental/guest/office use
Local Financial Insights For Apartment 5plus
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 | $98.3k | $19.80 |
| − Vacancy | −$6.1k | −$1.23 |
| EGI | $92.2k | $18.57 |
| − OpEx | −$41.5k | −$8.36 |
| NOI | $50.7k | $10.21 |
4,964 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$816.2K
$714.2K – $952.3K
NOI $57,136 @ 7.0% cap · market cap 9.85%
Second Best
Apartment 5plus
$724.4K
$633.8K – $845.1K
NOI $50,706 @ 7.0% cap · market cap 8.74%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,636 @ 7.0% cap · market cap 15.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - For sale quadplex featuring three operating rentals and an unfinished fourth unit ready for completion.
Where is this quadplex located?
The property is located at 4919 Ty Terrace St San Antonio, TX.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Year built: 1983; Three active rental units: two operating as short‑term rentals and one leased as a mid‑term rental; Unit 4 remains unfinished, offering value‑add potential for additional rental/guest/office use
