5-Unit Apartment
For Sale
$325,000
727 Carney St, San Antonio, TX 78212
Rear parking and separate electric meters support straightforward utility billing for residents.
Property Size2,584 SF
Price / SF$125.77
Days on Market39
Property Features for 727 Carney St
General Information
Standard status
Active
Size
2,584 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
some TLC and updates
Additional Details
Highway Access
Yes
Multifamily Units
5
Building Details
Year Built
1950
Listing Agency:
1st Choice Realty Group
Listed By:
Guadalupe Herrera
(210) 788-4290
Source:
Shebaramos
Added: Jul 27
Changed: Aug 28
Last Checked: Sep 1 at 10:16PM
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 1st Choice Realty Group
Investment Insights
Based on property information with market context.
This 5-unit apartment property contains 2,584 square feet on a spacious lot, with parking located behind the building. Built in 1950, the property is presented as needing TLC and updates.
Electricity is separately metered, and tenants pay their own electric service. The property has no HOA or rental restrictions. It is positioned near 410 and I-10, with shopping and restaurants in the San Pedro area of San Antonio.
The asset is located at 727 Carney St and offers a five-unit residential configuration with rear parking and individually metered electricity.
Electricity is separately metered, and tenants pay their own electric service. The property has no HOA or rental restrictions. It is positioned near 410 and I-10, with shopping and restaurants in the San Pedro area of San Antonio.
The asset is located at 727 Carney St and offers a five-unit residential configuration with rear parking and individually metered electricity.
Key Highlights
- 5‑unit apartment property with 2,584 SF
- Spacious lot with parking in rear
- Tenants pay electricity through separate meters
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,395
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$527,900
$527.9K
Cap Rate 7%
$377,071
$377.1K
Cap Rate 9%
$293,278
$293.3K
Market Conditions
NOI Build-Up for 2,584 SF
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.
Gross rent
$51.2K $19.80/SF
− Vacancy
−$3.2K −$1.23/SF
EGI
$48.0K $18.57/SF
− OpEx
−$21.6K −$8.36/SF
NOI
$26.4K $10.21/SF
Area
San Antonio, TX
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$527,900
Cap Rate 7%
$377,071
Cap Rate 9%
$293,278
Alternative Uses
Best Use
Apartment 5plus
$377.1K
$329.9K – $439.9K
NOI $26,395 @ 7.0% cap · market cap 8.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$659.1K
$576.7K – $769.0K
NOI $46,139 @ 7.0% cap · market cap 14.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,005
Businesses Nearby
Explore this area
Business Placement
Demographics for 78212, TX
26,738
Population
13,399
Households
2
Avg Household Size
39
Median Age
39%
College-Educated
85%
High-School Grad
6.9 sq mi
ZIP Area
3,875
Density / Sq Mi
$60,222
Median Household Income
$40,037
Median Earnings
$1,084
Median Rent
$299,400
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?
Apartment building - Rear parking and separate electric meters support straightforward utility billing for residents.
Where is this apartment building located?
The property is located at 727 Carney St San Antonio, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 5‑unit apartment property with 2,584 SF; Spacious lot with parking in rear; Tenants pay electricity through separate meters
