Renovated 6-Unit Apartment
For Sale
Under Contract
$415,000
827 W ROSEWOOD AVE, San Antonio, TX 78212
Multi-Family (2-8 Units), San Antonio, TX
Property Size2,700 SF
Lot Size0.14 Acres
Price / SF$153.70
Days on Market48
Property Features for 827 W ROSEWOOD AVE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-6
Elementary school
Franklin
Middle school
Whittier
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 Under Contract
Size
2,700 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
8835
Building Details
Year built
1925
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Michael Vasquez · License #719713
(214) 202-7615
Added: Jul 9
Changed: Aug 20
Last Checked: Aug 25 at 5:06AM
MLS# 1998675
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.
Located at 827 W Rosewood Ave in San Antonio, this apartment property includes six units within approximately 2,700 square feet on 0.141 acres. Built in 1925, the asset is zoned R-6 and has undergone extensive renovation work in 2026.
Capital improvements include a new roof, fresh exterior paint, and updated interiors throughout the units. The property is situated in the Beacon Hill neighborhood, near Chris Madrid's and within minutes of The Pearl, Downtown San Antonio, the San Antonio Zoo, St. Mary's Strip, Trinity University, and major employment centers. Its central San Antonio setting places the six-unit property within an established urban residential context.
Capital improvements include a new roof, fresh exterior paint, and updated interiors throughout the units. The property is situated in the Beacon Hill neighborhood, near Chris Madrid's and within minutes of The Pearl, Downtown San Antonio, the San Antonio Zoo, St. Mary's Strip, Trinity University, and major employment centers. Its central San Antonio setting places the six-unit property within an established urban residential context.
Key Highlights
- Six‑unit apartment property at 827 W Rosewood Ave
- 2,700 square feet on 0.141 acres
- Extensively renovated in 2026
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
$27,580
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
6.65%
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%
$551,600
$551.6K
Cap Rate 7%
$394,000
$394.0K
Cap Rate 9%
$306,444
$306.4K
Market Conditions
NOI Build-Up for 2,700 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
$53.5K $19.80/SF
− Vacancy
−$3.3K −$1.23/SF
EGI
$50.1K $18.57/SF
− OpEx
−$22.6K −$8.36/SF
NOI
$27.6K $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%
$551,600
Cap Rate 7%
$394,000
Cap Rate 9%
$306,444
Alternative Uses
Best Use
Apartment 5plus
$394.0K
$344.8K – $459.7K
NOI $27,580 @ 7.0% cap · market cap 6.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$688.7K
$602.6K – $803.5K
NOI $48,211 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,109
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Updated multifamily property featuring a new roof, refreshed exteriors, and renovated unit interiors.
Where is this apartment building located?
The property is located at 827 W ROSEWOOD AVE San Antonio, TX.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Six‑unit apartment property at 827 W Rosewood Ave; 2,700 square feet on 0.141 acres; Extensively renovated in 2026
