Fourplex with Updated
For Sale
$810,000
6922 Crestway Rd, San Antonio, TX 78239
Four-unit rental property with open layouts, central HVAC, and appliance packages in every residence.
Property Size4,900 SF
Price / SF$165.31
Days on Market12
Property Features for 6922 Crestway Rd
General Information
Standard status
Active
Size
4,900 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
4
Amenities
central air & heat
walk-in closets
washer/dryer connections
refrigerator
dishwasher
range
built-in microwave
Building Details
Year Built
2021
Listing Agency:
Vortex Realty
(210) 306-0674
Listed By:
Mariana Campos
Source:
Kingdomtxrealty
Added: Aug 18
Changed: Aug 29
Last Checked: Aug 29 at 10:35AM
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 Vortex Realty
Investment Insights
Based on property information with market context.
This 4,900-square-foot fourplex contains four residential units, all currently rented. Built in 2021, the property offers open-plan interiors with a mix of stained concrete, carpet, and laminated flooring in select units. Residences include walk-in closets, central air and heat, refrigerators, dishwashers, ranges, built-in microwaves, and washer/dryer connections.
Located at 6922 Crestway Rd in San Antonio, the property is near Loop 1604, I-35, The Forum Shops, and IKEA. Fort Sam Houston is approximately 10 minutes away, San Antonio International Airport is approximately 15 minutes away, and Pearl and the Alamodome are approximately 20 minutes away.
Located at 6922 Crestway Rd in San Antonio, the property is near Loop 1604, I-35, The Forum Shops, and IKEA. Fort Sam Houston is approximately 10 minutes away, San Antonio International Airport is approximately 15 minutes away, and Pearl and the Alamodome are approximately 20 minutes away.
Key Highlights
- Fourplex with four units totaling 4,900 square feet
- All four units are currently rented
- Built in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$56,399
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,127,980
$1.1M
Cap Rate 7%
$805,700
$805.7K
Cap Rate 9%
$626,656
$626.7K
Market Conditions
NOI Build-Up for 4,900 SF
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.
Gross rent
$85.3K $17.40/SF
− Vacancy
−$4.7K −$0.96/SF
EGI
$80.6K $16.44/SF
− OpEx
−$24.2K −$4.93/SF
NOI
$56.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,127,980
Cap Rate 7%
$805,700
Cap Rate 9%
$626,656
Alternative Uses
Best Use
Multifamily LT 5
$805.7K
$705.0K – $940.0K
NOI $56,399 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$715.0K
$625.7K – $834.2K
NOI $50,053 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,493 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
Explore this area
Business Placement
Demographics for 78239, TX
31,554
Population
10,639
Households
3
Avg Household Size
38
Median Age
27%
College-Educated
90%
High-School Grad
6.4 sq mi
ZIP Area
4,930
Density / Sq Mi
$71,455
Median Household Income
$36,235
Median Earnings
$1,401
Median Rent
$215,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit rental property with open layouts, central HVAC, and appliance packages in every residence.
Where is this quadplex located?
The property is located at 6922 Crestway Rd San Antonio, TX.
What is the asking price?
The asking price for this property is $810,000.
What are key features of this property?
This property features: Fourplex with four units totaling 4,900 square feet; All four units are currently rented; Built in 2021
