Multifamily Rental Property with
911 Iowa San Antonio, TX 78203
911 Iowa, San Antonio, TX, 78203
$579,000
For Sale
$579,000
MULTI_FAMILY - San Antonio, TX
Property Size1,702 SF
Lot Size0.14 Acres
Price / SF$340.19
Days on Market15
Property Features for 911 Iowa
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 1,702 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7931
Building Details
- Year built
- 2018
Listing agency
Mission Real Estate Group
(210) 690-0050
Listed by
Cynthia Vasquez
(210) 833-8137
Added: Jul 7 Checked: Jul 21 at 2:06PM
MLS# 1960315
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 multifamily rental property is offered for sale as a turnkey short-term rental operation. Each unit features two bedrooms and two bathrooms, along with a comfortable living space and access to a rooftop terrace with city views. The rooftop terrace provides an outdoor area suited to entertaining and enjoying San Antonio sunsets.
The property is located in downtown San Antonio, described as being near the Alamodome, just minutes from The Pearl, and close to the San Antonio River Walk. The surrounding area offers dining, museums, and entertainment within easy reach, aligning well with a visitor-oriented rental concept.
For buyers looking for an income-focused residential asset, the current operating setup may appeal to investors seeking a turnkey short-term rental. Homeowners may also view it as a way to offset expenses while maintaining a residential lifestyle. With the consistent 2-bedroom, 2-bath layout across units and a rooftop amenity, the property supports a guest-friendly configuration that can be marketed as a comfortable downtown stay.
The property is located in downtown San Antonio, described as being near the Alamodome, just minutes from The Pearl, and close to the San Antonio River Walk. The surrounding area offers dining, museums, and entertainment within easy reach, aligning well with a visitor-oriented rental concept.
For buyers looking for an income-focused residential asset, the current operating setup may appeal to investors seeking a turnkey short-term rental. Homeowners may also view it as a way to offset expenses while maintaining a residential lifestyle. With the consistent 2-bedroom, 2-bath layout across units and a rooftop amenity, the property supports a guest-friendly configuration that can be marketed as a comfortable downtown stay.
Key Highlights
- Year built: 2018
- Downtown San Antonio location near the Alamodome
- Minutes to The Pearl and the San Antonio River Walk
Local 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 | $33.7k | $19.80 |
| − Vacancy | −$2.1k | −$1.23 |
| EGI | $31.6k | $18.57 |
| − OpEx | −$14.2k | −$8.36 |
| NOI | $17.4k | $10.21 |
1,702 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$248.4K
$217.3K – $289.8K
NOI $17,386 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$434.2K
$379.9K – $506.5K
NOI $30,391 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
Similar For Sale Nearby
FAQs
What type of property is this?
Short term rental property - Turnkey short-term rental setup with 2-bed, 2-bath units and a rooftop terrace designed for guest entertaining.
Where is this short term rental property located?
The property is located at 911 Iowa San Antonio, TX.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Year built: 2018; Downtown San Antonio location near the Alamodome; Minutes to The Pearl and the San Antonio River Walk
