Gated Community
For Sale
$679,000
7014 Donovan Way, San Antonio, TX 78244
MULTI_FAMILY - San Antonio, TX
Property Size4,876 SF
Lot Size0.20 Acres
Price / SF$139.25
Days on Market40
Property Features for 7014 Donovan Way
General Information
Property type
Residential Multi Family
Property subtype
Other
Elementary school
Woodlake
Middle school
Woodlake Hills
High school
Wagner
Elementary school district
Judson
Middle school district
Judson
High school district
Judson
Subdivision
1700
Standard status
Active
Size
4,876 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Annual Amount
14947
HOA Fee
$2,064 Annually
Building Details
Year built
2018
Listing Agency:
Clark Realty & Associates,LLC
(210) 655-5355
Listed By:
Kevin Clark
(210) 655-5355
Added: Jul 12
Changed: Jul 13
Last Checked: Aug 20 at 8:06AM
MLS# 1773974
Copyright © 2026 LERA MLS. 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.
This fourplex is located within a gated community and offers well-finished interiors designed for comfortable everyday living. The living room features tray ceilings with crown molding, and the kitchen includes granite countertops along with all black appliances. The first floor has ceramic tile flooring, with carpet on the upstairs level. Each unit also includes a privacy fenced backyard, and front yard lawn care is included.
The property is in San Antonio’s Northeast area and is described as being minutes from Fort Sam Houston and Randolph AFB. It is listed for sale at $679,000.
With a lot size of approximately 0.2 acres and an estimated total property size of 4,876 square feet, this fourplex provides a straightforward multifamily configuration within a secure community setting at 7014 Donovan Way, San Antonio, TX 78244.
The property is in San Antonio’s Northeast area and is described as being minutes from Fort Sam Houston and Randolph AFB. It is listed for sale at $679,000.
With a lot size of approximately 0.2 acres and an estimated total property size of 4,876 square feet, this fourplex provides a straightforward multifamily configuration within a secure community setting at 7014 Donovan Way, San Antonio, TX 78244.
Key Highlights
- Convenient location, minutes from Fort Sam Houston & Randolph AFB
- Gated community provides added security
- Granite countertops & all black appliances in kitchen
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
$56,123
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
8.27%
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%
$1,122,460
$1.1M
Cap Rate 7%
$801,757
$801.8K
Cap Rate 9%
$623,589
$623.6K
Market Conditions
NOI Build-Up for 4,876 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
$84.8K $17.40/SF
− Vacancy
−$4.7K −$0.96/SF
EGI
$80.2K $16.44/SF
− OpEx
−$24.1K −$4.93/SF
NOI
$56.1K $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 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%
$1,122,460
Cap Rate 7%
$801,757
Cap Rate 9%
$623,589
Alternative Uses
Best Use
Multifamily LT 5
$801.8K
$701.5K – $935.4K
NOI $56,123 @ 7.0% cap · market cap 8.27%
Second Best
Apartment 5plus
$711.5K
$622.6K – $830.1K
NOI $49,807 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $87,065 @ 7.0% cap · market cap 12.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
355
Businesses Nearby
Explore this area
Business Placement
Demographics for 78244, TX
35,801
Population
12,978
Households
2.8
Avg Household Size
33
Median Age
24%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
4,773
Density / Sq Mi
$67,789
Median Household Income
$36,788
Median Earnings
$1,552
Median Rent
$195,400
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 - Fourplex home in a gated community with privacy-fenced backyard and interior finishes including tray ceilings and granite countertops.
Where is this quadplex located?
The property is located at 7014 Donovan Way San Antonio, TX.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: Convenient location, minutes from Fort Sam Houston & Randolph AFB; Gated community provides added security; Granite countertops & all black appliances in kitchen
