Four-Unit Short-Term Rental
For Sale
$580,000
4919 Ty Terrace St, San Antonio, TX 78229
Multi-Family (2-8 Units), San Antonio, TX
Property Size4,964 SF
Lot Size0.26 Acres
Price / SF$116.84
Days on Market79
Property Features for 4919 Ty Terrace St
General Information
Property type
Residential Multi Family
Property subtype
Other
Elementary school
Glenoaks
Middle school
Neff Pat
High school
Holmes Oliver W
Elementary school district
Northside
Middle school district
Northside
High school district
Northside
Subdivision
0400
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
Listed By:
Jennifer Thompson
(210) 979-7657
Added: Jun 19
Changed: Aug 19
Last Checked: Sep 5 at 2:06AM
MLS# 1972808
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 San Antonio property contains 4,964 square feet on a 0.258-acre lot and was built in 1983. Three units are currently active rentals: two operate on a short-term basis and one is leased for mid-term occupancy. The fourth unit is unfinished, giving the property an additional interior area for completion and future rental use.
Located at 4919 Ty Terrace St in San Antonio, the property offers access to major highways, shopping, dining, and local attractions. Its existing mix of short- and mid-term rentals creates a diversified operating format, while the unfinished fourth unit distinguishes the property from a fully completed multi-unit asset.
Located at 4919 Ty Terrace St in San Antonio, the property offers access to major highways, shopping, dining, and local attractions. Its existing mix of short- and mid-term rentals creates a diversified operating format, while the unfinished fourth unit distinguishes the property from a fully completed multi-unit asset.
Key Highlights
- Three active rental units: two short‑term and one mid‑term
- Fourth unit remains unfinished for future completion
- 4,964 square feet on a 0.258‑acre lot
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
$50,706
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
8.74%
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%
$1,014,120
$1.0M
Cap Rate 7%
$724,371
$724.4K
Cap Rate 9%
$563,400
$563.4K
Market Conditions
NOI Build-Up for 4,964 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
$98.3K $19.80/SF
− Vacancy
−$6.1K −$1.23/SF
EGI
$92.2K $18.57/SF
− OpEx
−$41.5K −$8.36/SF
NOI
$50.7K $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%
$1,014,120
Cap Rate 7%
$724,371
Cap Rate 9%
$563,400
Alternative Uses
Best Use
Apartment 5plus
$724.4K
$633.8K – $845.1K
NOI $50,706 @ 7.0% cap · market cap 8.74%
Second Best
—
—
no second resolved use
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
914
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?
Short term rental property - Three units support short- and mid-term occupancy, while the fourth remains unfinished for future use.
Where is this short term rental property 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: Three active rental units: two short‑term and one mid‑term; Fourth unit remains unfinished for future completion; 4,964 square feet on a 0.258‑acre lot
