New Townhomes Near Pearl
For Sale
$514,900
719 E Locust St #2111 San, San Antonio, TX 78212
48 new townhomes near San Antonio's Historic Pearl District.
Property Size1,953 SF
Price / SF$263.65
Days on Market351
Property Features for 719 E Locust St #2111 San
General Information
Standard status
Active
Size
1,953 SF
Property subtype
Townhouse
Building Details
Year Built
2024
Listing Agency:
KELLER WILLIS SAN ANTONIO INC
(210) 378-0878
Listed By:
Donnie Walker · License #697847
(210) 378-0878
Source:
Kw
Added: Aug 19, 2025
Changed: Jul 6
Last Checked: Jul 6 at 8:19AM
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 KELLER WILLIS SAN ANTONIO INC
Investment Insights
Based on property information with market context.
Grayson House features 48 new townhomes located blocks from San Antonio's Historic Pearl District and close to Downtown San Antonio and St. Mary's Strip. These three and four-story townhomes feature 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 installed throughout the living room, kitchen, and bedrooms. Select floor plans feature 36-inch soaking tubs, private yards, and balconies. New residential, commercial, and retail developments are within walking distance. 24 units are sold or under contract. The property size is 1953 square feet.
Key Highlights
- Prime Location: Blocks from the Historic Pearl District, close to Downtown San Antonio and St. Mary's Strip.
- New Construction: Built in 2024, featuring modern design and finishes.
- Gourmet Kitchen: Includes quartz countertops, kitchen island, french door fridge, 52‑bottle wine fridge, gas cooktop, canopy vent hood, and wall oven.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.7k | $19.80 |
| − Vacancy | −$2.4k | −$1.23 |
| EGI | $36.3k | $18.57 |
| − OpEx | −$16.3k | −$8.36 |
| NOI | $19.9k | $10.21 |
1,953 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$285.0K
$249.4K – $332.5K
NOI $19,950 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$498.2K
$435.9K – $581.2K
NOI $34,872 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,104
Businesses Nearby
Explore this area
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
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 - 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 #2111 San San Antonio, TX.
What is the asking price?
The asking price for this property is $514,900.
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: Built in 2024, featuring modern design and finishes.; Gourmet Kitchen: Includes quartz countertops, kitchen island, french door fridge, 52‑bottle wine fridge, gas cooktop, canopy vent hood, and wall oven.
