San Antonio Fourplex Investment
7206 John Palmer Dr., San Antonio, TX 78239
New
MULTI_FAMILY - San Antonio, TX
Property size:
5,000 SFLot size:
0.16 AcresPrice / SF:
$171/SF- Added:
- May 28, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 2 at 11:06 am
Property Features for 7206 John Palmer Dr.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 11800
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 2027
Listing agent Mariana Campos (210) 867-7700
Listing office Vortex Realty 2241 NW Military Hwy Ste 302, San Antonio, TX (210) 647-6557
Listing date May 28, 2026
MLS# 1970373
Listing URL
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.
HighLights
- Income‑producing fourplex with existing rental income of $1,600 per unit.
- $10,000 seller concessions offered.
- Brand new construction (Year Built: 2027).
- Located in the desirable North‑East side, near shopping, The Forum, RBFCU, and IKEA.
- Granite countertops in kitchens and bathrooms.
- Walk‑in closets and walk‑in shower in master bedroom.
Overview
This is a cash-producing fourplex located on the North-East side of San Antonio. The property is near shopping, the Forum, Randolph Brooks Federal Credit Union, and IKEA. Each unit features an open floor plan with granite countertops in the kitchen and bathrooms, walk-in closets, and a walk-in shower in the master bedroom. The units also have wood laminated floors. The property has 12 bedrooms, 8 full bathrooms, and 4 half baths. The building size is approximately 5000 square feet and the lot size is 0.16 acres. The current rent is $1,600.00 per unit, making this a great investment opportunity.
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 Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- San Antonio
- County
- Comal
- State
- Texas
- Longitude
- -98.346779
- Latitude
- 29.510138
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Cash-producing fourplex in sought-after North-East San Antonio.
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: Income‑producing fourplex with existing rental income of $1,600 per unit.; $10,000 seller concessions offered.; Brand new construction (Year Built: 2027).
