Newly Built Four-Unit
For Sale
$750,000
627 S Olive St, San Antonio, TX 78203
Modern finishes, individual off-street parking, and a convenient Denver Heights setting support flexible residential use.
Property Size4,354 SF
Price / SF$172.26
Days on Market49
Property Features for 627 S Olive St
General Information
Standard status
Active
Size
4,354 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Denver Heights
Highway Access
Yes
Units
Multifamily Units
4
Parking per Unit
1
Building Details
Year Built
2022
Listing Agency:
Phyllis Browning Company
Listed By:
Polo Gutierrez
(210) 464-4521
Source:
Sarahildebrandaguilera
Added: Sep 13
Changed: Oct 25
Last Checked: Oct 30 at 3:32PM
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 Phyllis Browning Company
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Investment Insights
Based on property information with market context.
Built in 2022, this 4,354-square-foot quadplex contains four residential units with contemporary finishes and modern interior design. The property is configured for a low-maintenance ownership approach, and each unit has designated off-street parking. The units are described as ready for occupancy or leasing from the outset.
Located at 627 S Olive St in San Antonio’s Denver Heights neighborhood, the property is less than a mile from the Alamodome and offers proximity to Downtown San Antonio, major highways, dining, and entertainment venues. Its four-unit configuration provides a compact multifamily format with residential access to established city destinations.
Located at 627 S Olive St in San Antonio’s Denver Heights neighborhood, the property is less than a mile from the Alamodome and offers proximity to Downtown San Antonio, major highways, dining, and entertainment venues. Its four-unit configuration provides a compact multifamily format with residential access to established city destinations.
Key Highlights
- Four‑unit quadplex built in 2022
- 4,354 square feet of multifamily improvements
- Contemporary finishes and modern interior design
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,115
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,002,300
$1.0M
Cap Rate 7%
$715,929
$715.9K
Cap Rate 9%
$556,833
$556.8K
Market Conditions
NOI Build-Up for 4,354 SF
Gross rent
$75.8K $17.40/SF
− Vacancy
−$4.2K −$0.96/SF
EGI
$71.6K $16.44/SF
− OpEx
−$21.5K −$4.93/SF
NOI
$50.1K $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%
$1,002,300
Cap Rate 7%
$715,929
Cap Rate 9%
$556,833
Alternative Uses
Best Use
Multifamily LT 5
$715.9K
$626.4K – $835.3K
NOI $50,115 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$635.4K
$555.9K – $741.3K
NOI $44,475 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$1.11M
$971.8K – $1.30M
NOI $77,744 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
521
Businesses Nearby
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Business Placement
Demographics for 78203, TX
5,872
Population
2,380
Households
2.5
Avg Household Size
35
Median Age
14%
College-Educated
75%
High-School Grad
1.4 sq mi
ZIP Area
4,194
Density / Sq Mi
$34,815
Median Household Income
$28,146
Median Earnings
$989
Median Rent
$139,900
Median Home Value
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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 - Modern finishes, individual off-street parking, and a convenient Denver Heights setting support flexible residential use.
Where is this quadplex located?
The property is located at 627 S Olive St San Antonio, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Four‑unit quadplex built in 2022; 4,354 square feet of multifamily improvements; Contemporary finishes and modern interior design
