Fourplex with Outdoor
For Sale
$859,900
7206 John Palmer Dr., San Antonio, TX 78239
Multi-Family (2-8 Units), San Antonio, TX
Property Size5,000 SF
Lot Size0.16 Acres
Price / SF$171.98
Days on Market142
Property Features for 7206 John Palmer Dr.
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Elementary school
Montgomery
High school
Roosevelt
Subdivision
1600
Standard status
Active
Size
5,000 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
11800
HOA Fee
$100 Monthly
Utilities
Cooling system
Central Air
Building Details
Year built
2027
Listing Agency:
Vortex Realty
(210) 647-6557
Listed By:
Mariana Campos
(210) 867-7700
Added: May 28
Changed: Oct 2
Last Checked: Oct 16 at 10:06AM
MLS# 1970373
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.
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Investment Insights
Based on property information with market context.
This 5,000-square-foot fourplex is under construction on a 0.16-acre site, with delivery projected for June 2027. The building is planned with 12 bedrooms, eight full bathrooms, and four half bathrooms, plus central air conditioning. Interior features include an open layout, wood laminate flooring, granite countertops in the kitchen and bathrooms, walk-in closets, and a walk-in shower in the primary bedroom.
The property is on San Antonio’s northeast side, near shopping, The Forum, Randolph Brooks Federal Credit Union, and IKEA. A green outdoor area with picnic tables, a gazebo, and barbecue grills is also planned.
The property is on San Antonio’s northeast side, near shopping, The Forum, Randolph Brooks Federal Credit Union, and IKEA. A green outdoor area with picnic tables, a gazebo, and barbecue grills is also planned.
Key Highlights
- 5,000‑square‑foot fourplex on a 0.16‑acre site
- 12 bedrooms, 8 full bathrooms, and 4 half bathrooms
- Under construction; estimated delivery in June 2027
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
Explore this area
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
Check the figures for this property
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 - Construction is underway, with delivery anticipated in June 2027.
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: 5,000‑square‑foot fourplex on a 0.16‑acre site; 12 bedrooms, 8 full bathrooms, and 4 half bathrooms; Under construction; estimated delivery in June 2027
