Fourplex with Shared Outdoor
For Sale
$859,900
7214 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 7214 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 7:06PM
MLS# 1970371
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.
Under construction for an estimated June 2027 delivery, this fourplex is planned with 12 bedrooms, 8 full bathrooms and 4 half baths. The 5,000-square-foot building will have an open layout, wood laminate flooring, granite counters in the kitchen and bathrooms, and central air. The primary bedroom includes a walk-in shower, and the units are designed with walk-in closets.
The property occupies a 0.16-acre lot on San Antonio’s northeast side, near the Forum, IKEA and Randolph-Brooks Federal Credit Union. Shared outdoor features include a gazebo, picnic tables and grills.
The property occupies a 0.16-acre lot on San Antonio’s northeast side, near the Forum, IKEA and Randolph-Brooks Federal Credit Union. Shared outdoor features include a gazebo, picnic tables and grills.
Key Highlights
- Fourplex with 12 bedrooms, 8 full bathrooms and 4 half baths
- 5,000‑square‑foot building on a 0.16‑acre lot
- Estimated delivery in June 2027; under construction
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
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
92
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 - The planned residential property includes central air and shared space for outdoor gatherings.
Where is this quadplex located?
The property is located at 7214 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 12 bedrooms, 8 full bathrooms and 4 half baths; 5,000‑square‑foot building on a 0.16‑acre lot; Estimated delivery in June 2027; under construction
