Newly Built Fourplex with Open
For Sale
$859,900
7206 John Palmer Dr., San Antonio, TX 78239
Income-producing residential property near shopping, IKEA, and The Forum.
Property Size5,000 SF
Price / SF$171.98
Days on Market69
Property Features for 7206 John Palmer Dr.
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Multi-Family
Building Details
Year Built
2027
Listing Agency:
Vortex Realty
Listed By:
Mariana Campos
(210) 306-0674
Source:
Shebaramos
Added: Aug 9
Changed: Oct 3
Last Checked: Oct 7 at 4:33PM
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
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Investment Insights
Based on property information with market context.
This fourplex at 7206 John Palmer Dr. in San Antonio offers 5,000 square feet of residential space and was built in 2027. The property includes 12 bedrooms, 8 full bathrooms, and 4 half bathrooms, with open-plan interiors designed around shared living and kitchen areas. Granite countertops extend through the kitchens and bathrooms, while wood laminate flooring provides consistent finish throughout the residences. Primary bedrooms feature walk-in closets and walk-in showers.
The property is positioned on San Antonio’s northeast side, near The Forum, IKEA, and Randolph Brooks Federal Credit Union. Shopping and established commercial destinations are located within the surrounding area.
The property is positioned on San Antonio’s northeast side, near The Forum, IKEA, and Randolph Brooks Federal Credit Union. Shopping and established commercial destinations are located within the surrounding area.
Key Highlights
- Fourplex with 5,000 square feet, built in 2027
- 12 bedrooms, 8 full bathrooms, and 4 half bathrooms
- Open floor plans with granite countertops in kitchens and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,550
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,151,000
$1.2M
Cap Rate 7%
$822,143
$822.1K
Cap Rate 9%
$639,444
$639.4K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$87.0K $17.40/SF
− Vacancy
−$4.8K −$0.96/SF
EGI
$82.2K $16.44/SF
− OpEx
−$24.7K −$4.93/SF
NOI
$57.6K $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 Rate 5%
$1,151,000
Cap Rate 7%
$822,143
Cap Rate 9%
$639,444
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
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Business Placement
Demographics for 78239, TX
31,554
Population
10,639
Households
3
Avg Household Size
38
Median Age
27%
College-Educated
90%
High-School Grad
6.4 sq mi
ZIP Area
4,930
Density / Sq Mi
$71,455
Median Household Income
$36,235
Median Earnings
$1,401
Median Rent
$215,600
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?
Quadplex - Income-producing residential property near shopping, IKEA, and The Forum.
Where is this quadplex located?
The property is located at 7206 John Palmer Dr. 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: Fourplex with 5,000 square feet, built in 2027; 12 bedrooms, 8 full bathrooms, and 4 half bathrooms; Open floor plans with granite countertops in kitchens and bathrooms
