Historic Beacon Hill
For Sale
$599,000
538 W Elsmere, San Antonio, TX 78212
Other - San Antonio, TX
Property Size3,747 SF
Lot Size0.19 Acres
Price / SF$159.86
Days on Market54
Property Features for 538 W Elsmere
General Information
Property type
Other
Property subtype
Multi Family
Bedrooms
8
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
Subdivision
ALTA VISTA
Elementary school
Beacon Hill
Middle school
Cotton
High school
Edison
Directions
Turn right onto S Presa St Continue south on S Presa St Turn right onto W Elsmere St Arrive at 538 W Elsmere
Standard status
Active
APN
064270050010
Size
3,747 SF
Lot size
0.19 Acres
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1930
Flooring type
Carpet, Linoleum, Tile, Tile - Ceramic
Roof type
Composition
Architectural style
Other
BuilderName
Unknown
Listing Agency:
Engel & Völkers Alamo Heights
(210) 845-1008
Listed By:
Susan Sheffield
(210) 845-1008
Added: Jun 12
Changed: Jul 15
Last Checked: Aug 4 at 7:06PM
MLS# 1963175
Copyright © 2026 Engel & Völkers. 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.
Located in the heart of San Antonio's historic Beacon Hill, this triplex at 538 W. Elsmere presents an investment opportunity. The property features a strong rental history and flexible floor plans, suitable for long-term investors or an owner-occupant. Unit 1, located at 538 W. Elsmere, is a two-story residence with 4 bedrooms (2 upstairs and 2 downstairs) and 3 bathrooms. It includes a sunroom on the main level, an upstairs loft, and a large fenced-in yard. Unit 2, located at 542 W. Elsmere, is a spacious upstairs flat with 3 bedrooms and 2 bathrooms. Unit 3 is a private 1-bedroom, 1-bathroom unit. The property is located minutes from The Pearl, San Antonio College, and Downtown, offering proximity to dining and urban amenities. The property size is 3747 square feet.
Key Highlights
- Rare 3‑unit property in the historic Beacon Hill district.
- Strong rental history and flexible floor plans ideal for investors or owner‑occupants.
- Unit 1: Large 4‑bedroom, 3‑bathroom two‑story residence with sunroom, loft, and fenced yard.
Financial Insights For Multifamily LT 5
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 | $65.2k | $17.40 |
| − Vacancy | −$3.6k | −$0.96 |
| EGI | $61.6k | $16.44 |
| − OpEx | −$18.5k | −$4.93 |
| NOI | $43.1k | $11.51 |
3,747 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$616.1K
$539.1K – $718.8K
NOI $43,128 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$546.8K
$478.4K – $637.9K
NOI $38,275 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$955.8K
$836.3K – $1.12M
NOI $66,906 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,096
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Rare San Antonio triplex near The Pearl and Downtown.
Where is this triplex located?
The property is located at 538 W Elsmere San Antonio, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Rare 3‑unit property in the historic Beacon Hill district.; Strong rental history and flexible floor plans ideal for investors or owner‑occupants.; Unit 1: Large 4‑bedroom, 3‑bathroom two‑story residence with sunroom, loft, and fenced yard.
