San Antonio Fourplex Investment
7215 John Palmer Dr. San Antonio, TX 78239
7215 John Palmer Dr., San Antonio, TX, 78239
$859,900
For Sale
$859,900
MULTI_FAMILY - San Antonio, TX
Property Size5,000 SF
Lot Size0.16 Acres
Price / SF$171.98
Days on Market51
Property Features for 7215 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 Agency
Vortex Realty
(210) 647-6557
2241 NW Military Hwy Ste 302, San Antonio, TX
Listed by
Mariana Campos
(210) 867-7700
Added: May 28 Checked: Jul 17 at 2:06 pm
MLS# 1970372
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.
Investment Insights
Based on property information with market context.
This is a fourplex property to be built, with an estimated delivery date of January 2027. It presents a great investment opportunity to purchase a cash-producing property on the sought-after North-East side of San Antonio, near shopping and The Forum, Randolph Brooks Federal Credit Union, and IKEA. Each fourplex consists of 12 bedrooms, 8 full bathrooms, and 4 half baths. The units feature an open floor plan with ample lighting, granite countertops in the kitchen and bathrooms, walk-in closets, and a walk-in shower in the master bedroom. Wood laminate flooring is installed throughout. The property includes a green area for entertaining with picnic tables, a gazebo, and grills for barbecues. The lot size is 0.16 acres, and the property size is 5000 square feet.
Key Highlights
- New Construction Fourplex (Estimated Completion January 2027)
- Investment Opportunity: Cash‑producing property with projected rents of $1,700 per unit.
- Prime Location: Desirable North‑East side, near shopping, The Forum, RBFCU, and IKEA.
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 - New construction fourplex near shopping, projected rents $1,700 per unit.
Where is this quadplex located?
The property is located at 7215 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: New Construction Fourplex (Estimated Completion January 2027); Investment Opportunity: Cash‑producing property with projected rents of $1,700 per unit.; Prime Location: Desirable North‑East side, near shopping, The Forum, RBFCU, and IKEA.
