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Fourplex Investment Property
For Sale
$345,000

765 Fulton, San Antonio, TX 78212

MULTI_FAMILY - San Antonio, TX

Property Size3,080 SF
Lot Size0.14 Acres
Price / SF$112.01
Days on Market25

Property Features for 765 Fulton

General Information

Property type Residential Multi Family
Property subtype Other
Zoning RM-4 NCD-5
Elementary school Cotton
High school Edison
Elementary school district San Antonio I.S.D.
Middle school district San Antonio I.S.D.
High school district San Antonio I.S.D.
Subdivision 0900
Standard status Active
Size 3,080 SF
Lot size 0.14 Acres

Taxes and HOA fees

Tax Annual Amount 8146

Building Details

Year built 1916
Listing Agency: Keller Williams Heritage · Keller Williams Realty
Listed By: Wayne Ramirez
Added: Jul 8 Changed: Jul 9 Last Checked: Aug 1 at 10:06PM
MLS# 1865738

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 offering is a fourplex at 765 Fulton Avenue in San Antonio, Texas, providing four separate residential units under one property. The property totals 3,080 square feet and sits on a 0.141-acre lot, offering a compact, manageable footprint for an operator or investor. Each unit is presented as designed for everyday comfort and functionality.

The property is located in the Beacon Hill neighborhood (San Antonio, TX 78212) and is listed with zoning of RM-4 NCD-5. It is being offered for sale as a single multifamily asset, allowing an owner to manage all units within one structure.

As a four-unit rental property, this home can fit investors looking for residential income exposure through a small, multi-tenant configuration. It may also appeal to buyers seeking to generate rental income with an owner-managed or professionally managed setup. With four units on a single site, the property supports a straightforward operating model compared with larger multifamily communities, while still providing multiple income streams within one address.

Key Highlights

  • Significant cash flow potential from four‑plex.
  • Prime location in the sought‑after Beacon Hill neighborhood.
  • Moments away from downtown San Antonio.

Financial Insights For Apartment 5plus

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 $61.0k $19.80
− Vacancy −$3.8k −$1.23
EGI $57.2k $18.57
− OpEx −$25.7k −$8.36
NOI $31.5k $10.21
3,080 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%

Alternative Uses

Best Use
Multifamily LT 5
$506.4K
$443.1K – $590.9K (±1% cap)
NOI $35,451 @ 7.0% cap · market cap 10.28%
Second Best
Apartment 5plus
$449.5K
$393.3K – $524.4K (±1% cap)
NOI $31,462 @ 7.0% cap · market cap 9.12%
Theoretical Best
Office A
$785.7K
$687.5K – $916.6K (±1% cap)
NOI $54,996 @ 7.0% cap · market cap 15.94%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Locksmith Daycare Center (Bike/Boat/Book/etc) Store Pet Grooming Service Butcher Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,110
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four-unit residential income property in San Antonio’s Beacon Hill neighborhood.
Where is this quadplex located?
The property is located at 765 Fulton San Antonio, TX.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Significant cash flow potential from four‑plex.; Prime location in the sought‑after Beacon Hill neighborhood.; Moments away from downtown San Antonio.
More about this property
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