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5-Unit Multifamily Property
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603 E Grayson St, San Antonio, TX 78208

Corner-site apartment asset in an urban infill setting near the Pearl and Broadway East district.

Property SizeContact for details
Lot Size0.37 Acres
Days on Market382

Property Features for 603 E Grayson St

General Information

Standard status Active
Class C
Total Parking Spaces 8
Lot size 0.37 Acres
Property subtype Multifamily
Zoning RM-5
Occupancy 80%
Investment Type Value Add

Units

Unit Mix 1 x 1BR/1BA, 1 x Efficiency, 1 x 2BR/1.5BA, 1 x 2BR/1BA, 1 x 2BR/2BA
Multifamily Units 5

Additional Details

Gross Income $62,340

Building Details

Year Built 1957
Year Renovated 2026
Buildings 1
Stories 2
Units 5
Tenancy Multi
Listing Agency: Exquisite Properties, LLC
Listed By: Micah Harper · License #597870
Source: Crexi
Added: Aug 18, 2025 Changed: Aug 31 Last Checked: Sep 2 at 11:07PM

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 Exquisite Properties, LLC

Investment Insights

Based on property information with market context.

This five-unit multifamily property includes a mix of efficiency, one-bedroom, and two-bedroom residences at 603 E Grayson St. Four units are occupied, while one two-bedroom unit is vacant and remains in shell condition. Existing unit sizes range from 350 SF to 1,215 SF, with configurations spanning one to two bedrooms and one to two bathrooms.

The property occupies a 16,200 SF site, approximately 0.37 acres, and carries RM-5 zoning. Its corner setting is near the Pearl and the Broadway East (BESA) district, within an urban infill environment characterized by walkable access to employment, dining, retail, and cultural destinations. The unit mix includes three two-bedroom apartments, one one-bedroom apartment, and one efficiency.

Key Highlights

  • Five‑unit multifamily property with four occupied units and one vacant shell‑condition unit
  • Unit sizes range from 350 SF to 1,215 SF
  • Unit mix includes one efficiency, one 1 BR / 1 BA, and three two‑bedroom units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Locksmith Tech Support Center Veterinary Clinic (Bike/Boat/Book/etc) Store Electrical Service Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

1,348
Businesses Nearby

Demographics for 78208, TX

3,874
Population
2,292
Households
1.7
Avg Household Size
35
Median Age
13%
College-Educated
76%
High-School Grad
1.0 sq mi
ZIP Area
3,874
Density / Sq Mi
$23,194
Median Household Income
$26,136
Median Earnings
$894
Median Rent
$125,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Corner-site apartment asset in an urban infill setting near the Pearl and Broadway East district.
Where is this apartment building located?
The property is located at 603 E Grayson St San Antonio, TX.
What is the asking price?
The asking price for this property is $998,500.
What are key features of this property?
This property features: Five‑unit multifamily property with four occupied units and one vacant shell‑condition unit; Unit sizes range from 350 SF to 1,215 SF; Unit mix includes one efficiency, one 1 BR / 1 BA, and three two‑bedroom units
(214) 738-4986 Call to check price and availability
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