New Townhomes Near Pearl
For Sale
$517,000
719 E Locust St #2105 San, San Antonio, TX 78212
48 new townhomes near San Antonio's Historic Pearl District.
Property Size1,953 SF
Price / SF$264.72
Days on Market814
Property Features for 719 E Locust St #2105 San
General Information
Standard status
Active
Size
1,953 SF
Property subtype
Townhouse
Site & Location
Neighborhood
Tobin Hill Community
Amenities
One Central
Central
Ceiling Fans
Washer Connection
Dryer Connection
Washer
Dryer
Self-Cleaning Oven
Microwave Oven
Stove/Range
Gas Cooking
Refrigerator
Dishwasher
Smoke Alarm
Electric Water Heater
Carbon Monoxide Detector
Private Garbage Service
Composition
Building Details
Building Size
1,953 SF
Year Built
2024
Listing Agency:
KW Commercial City View
Listed By:
Donnie Walker · License #697847
(210) 378-0878
Source:
Kw
Added: Aug 10, 2024
Changed: Aug 22
Last Checked: May 19 at 9:26PM
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 KW Commercial City View
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Investment Insights
Based on property information with market context.
Grayson House features 48 new three and four-story townhomes located blocks from San Antonio's Historic Pearl District and close to Downtown San Antonio and St. Mary's Strip. These townhomes offer sleek, thoughtful design, open layouts, modern finishes, and city views in select units. Elegant features include quartz countertops in the kitchen and bathrooms, a smart thermostat, keypad entries, and matte black hardware. Tile flooring is installed in all bathrooms. Attached one-car garages and walk-in closets with custom-built wood shelving add to the appeal. Kitchen islands are perfect for cooking and entertaining. Each unit includes a full-size front load laundry set. High ceilings enhance the sense of space. Kitchens are equipped with a french door fridge, a 52-bottle wine fridge, a gas cooktop, a canopy vent hood, and a wall oven. Wood-style flooring is throughout the living room, kitchen, and bedrooms. Select floor plans feature 36-inch soaking tubs, private yards, and balconies. The property is located in an area experiencing growth with new residential, commercial, and retail developments within walking distance. The property size is 1953 square feet. The intended use of the property is residential.
Key Highlights
- Prime Location: Blocks from the Historic Pearl District, close to Downtown San Antonio and St. Mary's Strip.
- New Construction: 48 new townhomes built in 2024, offering modern design and finishes.
- Desirable Features: Quartz countertops, smart thermostat, keypad entries, matte black hardware, and wood‑style flooring.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,950
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,000
$399.0K
Cap Rate 7%
$285,000
$285.0K
Cap Rate 9%
$221,667
$221.7K
Market Conditions
NOI Build-Up for 1,953 SF
Gross rent
$38.7K $19.80/SF
− Vacancy
−$2.4K −$1.23/SF
EGI
$36.3K $18.57/SF
− OpEx
−$16.3K −$8.36/SF
NOI
$19.9K $10.21/SF
Area
San Antonio, TX
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,000
Cap Rate 7%
$285,000
Cap Rate 9%
$221,667
Alternative Uses
Best Use
Apartment 5plus
$285.0K
$249.4K – $332.5K
NOI $19,950 @ 7.0% cap · market cap 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$498.2K
$435.9K – $581.2K
NOI $34,872 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,181
Businesses Nearby
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Business Placement
Demographics for 78212, TX
26,738
Population
13,399
Households
2
Avg Household Size
39
Median Age
39%
College-Educated
85%
High-School Grad
6.9 sq mi
ZIP Area
3,875
Density / Sq Mi
$60,222
Median Household Income
$40,037
Median Earnings
$1,084
Median Rent
$299,400
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?
Apartment building - 48 new townhomes near San Antonio's Historic Pearl District.
Where is this apartment building located?
The property is located at 719 E Locust St #2105 San San Antonio, TX.
What is the asking price?
The asking price for this property is $517,000.
What are key features of this property?
This property features: Prime Location: Blocks from the Historic Pearl District, close to Downtown San Antonio and St. Mary's Strip.; New Construction: 48 new townhomes built in 2024, offering modern design and finishes.; Desirable Features: Quartz countertops, smart thermostat, keypad entries, matte black hardware, and wood‑style flooring.
