Fourplex Income
For Sale
$859,900
7206 John Palmer Drive, San Antonio, TX 78239
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 Market93
Property Features for 7206 John Palmer Drive
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Multi-Family / Two Story
Additional Details
Business Included
Yes
Multifamily Units
4
Building Details
Year Built
2027
Tenancy
Multi
Listing Agency:
Vortex Realty
(210) 306-0674
Listed By:
Mariana Campos
(210) 306-0674
Source:
Compass
Added: Apr 29
Changed: Jul 10
Last Checked: Jul 29 at 1:44PM
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
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
245
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
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
