Tobin Hill Four-Unit
For Sale
$599,900
508 E DEWEY PL San, San Antonio, TX 78212
Four-unit property in Tobin Hill with expansion potential.
Property Size2,442 SF
Lot Size0.26 Acres
Days on Market443
Property Features for 508 E DEWEY PL San
General Information
Standard status
Active
Size
2,442 SF
Lot size
0.26 Acres
Property subtype
Multi-Family
Amenities
Three+ Central
Composition
Building Details
Building Size
2,442 SF
Year Built
1930
Listing Agency:
San Antonio City-View
Listed By:
Danny Charbel · License #582344
(210) 887-7080
Source:
Kw
Added: Jul 31, 2025
Changed: Oct 15
Last Checked: Oct 16 at 6:22AM
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 San Antonio City-View
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Investment Insights
Based on property information with market context.
This four-unit property is located in Tobin Hill, offering access to the St. Mary's strip. The 0.26-acre lot is zoned for up to 8 units, providing expansion possibilities. The building includes three 1-bedroom, 1-bathroom units and one 2-bedroom, 1-bathroom unit. The property caters to a diverse tenant base, including students, tourists, locals, and service & medical industry professionals. Modern upgrades include central HVAC units, separately metered utilities, plumbing updates, gas water heaters, pier & beam foundation corrections, and spray foam insulation. Rear access is available via a through-street/alley. An on-site laundry room adds practicality. This property is a solid investment.
Key Highlights
- Zoned for up to 8 units, allowing for significant expansion and increased income potential.
- Prime location in Tobin Hill with immediate access to the St. Mary's Strip.
- Four‑unit property with a mix of unit sizes (three 1‑bedroom, one 2‑bedroom) catering to a diverse tenant base.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,108
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$562,160
$562.2K
Cap Rate 7%
$401,543
$401.5K
Cap Rate 9%
$312,311
$312.3K
Market Conditions
NOI Build-Up for 2,442 SF
Gross rent
$42.5K $17.40/SF
− Vacancy
−$2.3K −$0.96/SF
EGI
$40.2K $16.44/SF
− OpEx
−$12.0K −$4.93/SF
NOI
$28.1K $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%
$562,160
Cap Rate 7%
$401,543
Cap Rate 9%
$312,311
Alternative Uses
Best Use
Multifamily LT 5
$401.5K
$351.4K – $468.5K
NOI $28,108 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$356.4K
$311.8K – $415.8K
NOI $24,945 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$622.9K
$545.1K – $726.7K
NOI $43,604 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,357
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
Check the figures for this property
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-unit property in Tobin Hill with expansion potential.
Where is this quadplex located?
The property is located at 508 E DEWEY PL San San Antonio, TX.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Zoned for up to 8 units, allowing for significant expansion and increased income potential.; Prime location in Tobin Hill with immediate access to the St. Mary's Strip.; Four‑unit property with a mix of unit sizes (three 1‑bedroom, one 2‑bedroom) catering to a diverse tenant base.
