Six-Unit Residential Income
For Sale
$525,000
715 New Laredo Hwy, San Antonio, TX 78211
MULTI_FAMILY - San Antonio, TX
Property Size2,579 SF
Lot Size0.14 Acres
Price / SF$203.57
Days on Market62
Property Features for 715 New Laredo Hwy
General Information
Property type
Residential Multi Family
Property subtype
Other
Elementary school
Call District
Middle school
Call District
High school
Call District
Elementary school district
South San Antonio.
Middle school district
South San Antonio.
High school district
South San Antonio.
Subdivision
2200
Standard status
Active
Size
2,579 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
5707
Utilities
Cooling system
Central Air
Building Details
Year built
1955
Listing Agency:
White Line Realty LLC
(210) 951-3478
Listed By:
Collin Corrington · License #0706046
(210) 439-4471
Added: Jun 9
Last Checked: Aug 9 at 5:06PM
MLS# 1964639
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.
715 New Laredo Hwy presents a versatile six-unit building featuring a mix of residential and commercial space. The tenant mix includes a hair salon, two efficiency units, one two-bedroom unit, and two one-bedroom units. Each unit is equipped with one bathroom for straightforward day-to-day living.
The property is zoned C-3 and is located at 715 New Laredo Hwy in San Antonio, Texas 78211. The residential units have undergone remodeling, with all five residential units described as beautifully remodeled.
This configuration can fit buyers or operators seeking a combined-use setup under C-3 zoning, with the convenience of multiple residential layouts alongside a dedicated salon component. The mix of efficiencies and one- and two-bedroom units may appeal to tenants looking for different space requirements, while the existing hair salon provides an income stream within the same building footprint.
The property is zoned C-3 and is located at 715 New Laredo Hwy in San Antonio, Texas 78211. The residential units have undergone remodeling, with all five residential units described as beautifully remodeled.
This configuration can fit buyers or operators seeking a combined-use setup under C-3 zoning, with the convenience of multiple residential layouts alongside a dedicated salon component. The mix of efficiencies and one- and two-bedroom units may appeal to tenants looking for different space requirements, while the existing hair salon provides an income stream within the same building footprint.
Key Highlights
- Six‑unit building featuring a mix of commercial (hair salon) and residential units.
- Zoned C‑3, allowing for a variety of commercial and residential uses.
- Five residential units have been beautifully remodeled.
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
$34,523
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
6.58%
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%
$690,460
$690.5K
Cap Rate 7%
$493,186
$493.2K
Cap Rate 9%
$383,589
$383.6K
Market Conditions
NOI Build-Up for 2,579 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
$51.4K $19.92/SF
− Vacancy
−$2.1K −$0.80/SF
EGI
$49.3K $19.12/SF
− OpEx
−$14.8K −$5.74/SF
NOI
$34.5K $13.39/SF
Area
San Antonio, TX
Vacancy
4.00%
Lease Rate
$19.92 /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%
$690,460
Cap Rate 7%
$493,186
Cap Rate 9%
$383,589
Alternative Uses
Best Use
Retail
$493.2K
$431.5K – $575.4K
NOI $34,523 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$376.3K
$329.3K – $439.1K
NOI $26,344 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$657.9K
$575.6K – $767.5K
NOI $46,050 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Explore this area
Business Placement
Demographics for 78211, TX
29,976
Population
10,516
Households
2.9
Avg Household Size
35
Median Age
7%
College-Educated
63%
High-School Grad
10.2 sq mi
ZIP Area
2,939
Density / Sq Mi
$54,279
Median Household Income
$30,109
Median Earnings
$1,047
Median Rent
$110,200
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?
Apartment building - Six-unit property with remodeled residential units and an on-site hair salon in C-3 zoning.
Where is this apartment building located?
The property is located at 715 New Laredo Hwy San Antonio, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Six‑unit building featuring a mix of commercial (hair salon) and residential units.; Zoned C‑3, allowing for a variety of commercial and residential uses.; Five residential units have been beautifully remodeled.
