Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    347 Ware Blvd San Antonio, TX 78221

    For Sale
    $1,400,000

    24-Unit Multifamily Investment

    Property size:
    400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 24-unit apartment building presents a compelling investment opportunity in San Antonio, Texas. Situated on a 1.04-acre lot at 347 Ware Blvd, 78221, this property boasts two, two-story buildings constructed in 1972 and extensively renovated in 2014. The complex comprises 13,800 net rentable square feet, with units averaging 400-575 square feet each. Currently enjoying a 95% occupancy rate (as of April 10, 2023), this Class C multifamily property offers 24 one-bedroom, one-bathroom units and two additional parking pads. The property benefits from ample parking, a park-like area for residents, and a convenient location near shopping, dining, and entertainment. Each unit features a fully equipped kitchen and a full bathroom with a tub/shower combination. The property is zoned MF-33, making it an ideal investment for those seeking a stable, high-occupancy rental property in a thriving Texas market. The asking price is $1,400,000, representing a price per unit of $65,000. This well-maintained complex offers a strong return on investment with its high occupancy and desirable location. The property's features, combined with its strong rental history, make it an attractive opportunity for discerning investors. The property's APN is 440422.

    Property Features for 347 Ware Blvd

    General Information

    Property type
    Multifamily properties
    Square Feet
    400 SF
    Class
    C
    Lot Size
    45,302 SF

    Building Details

    Year Built/Renovated
    1972/2014
    Buildings
    2
    Stories
    2
    Units
    24

    HighLights

    • $1,400,000 asking price for a 24‑unit apartment building in San Antonio, TX.
    • 95% occupancy as of April 10, 2023.
    • 13,800 square feet of net rentable space.
    • Two buildings on a 1.04‑acre lot, with two parking pads.
    • Built in 1972, renovated in 2014.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Starlight Apartments Apartment Building

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.49709133182
    Latitude
    29.348964919171

    Nearby Similar for Sale

    • $479,000
      1,759 SF

      Remodeled Duplex Ready for Airbnb

      Remodeled duplex, fully furnished, ready for short term rentals.
      2028 W Woodlawn Ave, San Antonio, TX 78201
      View Details
    • $505,990
      3,010 SF

      New Duplex Community in San Antonio

      New duplex community near Medina and Lackland AFB.
      12352 Montgomery Frst, San Antonio, TX 78252
      View Details
    • $372,490
      2,218 SF

      New Duplex in Gated Community

      New construction duplex with modern finishes and convenient location.
      7127 Magnolia Crk, San Antonio, TX 78252
      View Details
    • $319,000
      2,416 SF

      San Antonio Duplex in Los Angeles Heights

      Charming duplex in established neighborhood, close to downtown San Antonio.
      1438 W Ridgewood Ct, San Antonio, TX 78201
      View Details
    • $899,900
      6,804 SF

      San Antonio Multifamily Investment Opportunity

      7-unit multifamily property in desirable Monticello Park neighborhood.
      553 Club Dr, San Antonio, TX 78201
      View Details
    • $654,000
      3,854 SF

      San Antonio Fourplex Near Downtown

      Centrally located fourplex with strong rental potential.
      255 Natalen Ave, San Antonio, TX 78209
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 24-Unit Multifamily Investment
    Where is this multifamily property located?
    The property is located at 347 Ware Blvd San Antonio, TX.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: $1,400,000 asking price for a 24-unit apartment building in San Antonio, TX.; 95% occupancy as of April 10, 2023.; 13,800 square feet of net rentable space.
    Request Owner's contact information
    347 Ware Blvd San Antonio, TX 78221
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    347 Ware Blvd
    San Antonio, TX 78221
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    347 Ware Blvd San Antonio, TX 78221
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.