Fourplex Income
7206 John Palmer Drive San Antonio, TX 78239
7206 John Palmer Drive, San Antonio, TX, 78239
$859,900
For Sale
$859,900
Brand-new four-unit income property with open floor plans, granite finishes, and multiple bedroom and bath layouts.
Property Size5,000 SF
Price / SF$171.98
Days on Market85
Property Features for 7206 John Palmer Drive
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Multi-Family / Two Story
Building Details
- Year Built
- 2027
Listing agency
Vortex Realty
(210) 306-0674
Listed by
Mariana Campos
(210) 306-0674
Source
Compass
Added: Apr 29 Updated: Jul 10 at 1:50PM Checked: Jul 22 at 8:16AM
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 fourplex presents a brand-new, four-unit residential income setup designed around an open floor plan. Interiors feature granite countertops in the kitchens and bathrooms, walk-in closets, and a walk-in shower in the master bedroom. Flooring includes wood laminate throughout, supporting a cohesive, modern look across the units.
The property is positioned on the north-east side and is described as being near shopping and area amenities including The Forum, Randolph Brooks Federal Credit Union, and IKEA. The listing notes the units are already producing income for investors, with fourplex rents stated at $1,600.
For buyers seeking a turn-key, cash-producing multi-family asset, the property’s unit mix is clearly identified in the offering: each fourplex consists of 12 bedrooms, 8 full bathrooms, and 4 half baths. The combination of multiple bedrooms and bathroom fixtures, along with in-unit features like walk-in closets and granite countertops, may be well suited for tenants looking for more space and bathroom options within a residential income configuration.
The property is positioned on the north-east side and is described as being near shopping and area amenities including The Forum, Randolph Brooks Federal Credit Union, and IKEA. The listing notes the units are already producing income for investors, with fourplex rents stated at $1,600.
For buyers seeking a turn-key, cash-producing multi-family asset, the property’s unit mix is clearly identified in the offering: each fourplex consists of 12 bedrooms, 8 full bathrooms, and 4 half baths. The combination of multiple bedrooms and bathroom fixtures, along with in-unit features like walk-in closets and granite countertops, may be well suited for tenants looking for more space and bathroom options within a residential income configuration.
Key Highlights
- $10,000 seller concessions offered; brand‑new FOURPLEX with rents stated at $1,600.00
- Year built 2027 with new construction, slab foundation, and composition roofing
- Interiors with carpeting, ceramic tile, and laminate flooring
Local Financial Insights For Multifamily LT 5
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 | $87.0k | $17.40 |
| − Vacancy | −$4.8k | −$0.96 |
| EGI | $82.2k | $16.44 |
| − OpEx | −$24.7k | −$4.93 |
| NOI | $57.6k | $11.51 |
5,000 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$822.1K
$719.4K – $959.2K
NOI $57,550 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$729.6K
$638.4K – $851.2K
NOI $51,074 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,279 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Brand-new four-unit income property with open floor plans, granite finishes, and multiple bedroom and bath layouts.
Where is this quadplex located?
The property is located at 7206 John Palmer Drive San Antonio, TX.
What is the asking price?
The asking price for this property is $859,900.
What are key features of this property?
This property features: $10,000 seller concessions offered; brand‑new FOURPLEX with rents stated at $1,600.00; Year built 2027 with new construction, slab foundation, and composition roofing; Interiors with carpeting, ceramic tile, and laminate flooring
