Four-Unit Property Under
7215 John Palmer Drive San Antonio, TX 78239
7215 John Palmer Drive, San Antonio, TX, 78239
$859,900
For Sale
$859,900
Planned delivery in January 2027 with open layouts, granite finishes, and an outdoor entertaining area.
Property Size5,000 SF
Price / SF$171.98
Days on Market85
Property Features for 7215 John Palmer Drive
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Multi-Family / Two Story
Building Details
- Year Built
- 2027
Listing agency
Vortex Realty
(210) 306-0674
Listed by
Mariana Campos
(210) 306-0674
Source
Compass
Added: Apr 29 Updated: Jul 10 at 1:50PM Checked: Jul 22 at 11:07AM
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 four-unit property is being built with an open floor plan and a design intended for comfortable everyday living. The plan includes granite countertops in the kitchen and bathrooms, wood-laminated flooring throughout, walk-in closets, and a walk-in shower in the master bedroom. The exterior concept includes a green area for entertaining with picnic tables, a gazebo, and grills for barbecue, supported by an overall layout that prioritizes shared and functional spaces.
The project is located on the northeast side of San Antonio, near shopping and destinations including The Forum, Randolph Brooks Federal Credit Union, and IKEA.
For buyers considering residential income, this offering provides a structured, build-to-order fourplex configuration with substantial bedroom and bathroom count included in the plan, along with finish and amenity elements that can help standardize tenant-ready interiors. Estimated delivery is January 2027, and the seller notes projected rents of $1,700. This may fit investors or operators looking to add a new construction multifamily asset to their portfolio, with specified interior finishes and an on-site outdoor entertaining area.
The project is located on the northeast side of San Antonio, near shopping and destinations including The Forum, Randolph Brooks Federal Credit Union, and IKEA.
For buyers considering residential income, this offering provides a structured, build-to-order fourplex configuration with substantial bedroom and bathroom count included in the plan, along with finish and amenity elements that can help standardize tenant-ready interiors. Estimated delivery is January 2027, and the seller notes projected rents of $1,700. This may fit investors or operators looking to add a new construction multifamily asset to their portfolio, with specified interior finishes and an on-site outdoor entertaining area.
Key Highlights
- Fourplex planned for delivery in January 2027 (new construction, Year built 2027)
- Projected rents listed at $1,700 per unit
- Each fourplex unit includes 12 bedrooms, 8 full baths, and 4 half baths
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 Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Planned delivery in January 2027 with open layouts, granite finishes, and an outdoor entertaining area.
Where is this quadplex located?
The property is located at 7215 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: Fourplex planned for delivery in January 2027 (new construction, Year built 2027); Projected rents listed at $1,700 per unit; Each fourplex unit includes 12 bedrooms, 8 full baths, and 4 half baths
