602 Chauncey Drive San Antonio, TX 78216
Six-unit multifamily property with value-add potential in San Antonio.
Property Features for 602 Chauncey Drive
General Information
- Standard status
- Active
- Size
- 6,432 SF
- Property subtype
- MF
Building Details
- Year Built
- 1982
Listing office Keller Williams Heritage (210) 264-2087
Listing date May 8, 2026
Source Realnex
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 Keller Williams Heritage
Investment Insights
Based on property information with market context.
Key Highlights
- Stabilized 6‑unit multifamily property in North Central San Antonio.
- Value‑add potential through rent growth, utility reimbursement (RUBS), laundry income, and operational improvements.
- Reported 2025 NOI of $40,271.85.
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 | $127.4k | $19.80 |
| − Vacancy | −$7.9k | −$1.23 |
| EGI | $119.5k | $18.57 |
| − OpEx | −$53.8k | −$8.36 |
| NOI | $65.7k | $10.21 |
