8-Unit Apartment
New
For Sale
$1,199,989
926/930 Drury Lane, San Antonio, TX 78221
MF-33-zoned community with two-bedroom apartments and separately metered electric and water service.
Property Size6,528 SF
Lot Size0.32 Acres
Price / SF$183.82
Days on Market2
Property Features for 926/930 Drury Lane
General Information
Standard status
Active
Size
6,528 SF
Net Rentable
6,528 SF
Lot size
0.32 Acres
Property subtype
Multi-Family
Zoning
MF-33
Site & Location
Neighborhood
Terrell Wells
Utilities to Site
Yes
Units
Unit Mix
8 x 2BR/1BA
Multifamily Units
8
Individually Metered Utilities
electricity, water
Additional Details
Cap Rate
6.5%
Amenities
Vinyl
Electric
1
Separate Electric,Separate Water
Other
Wood,Siding,Cement Fiber,Frame,Other
0.321
Slab
City
Double Pane Windows,Unimproved Water Front,Other - See Remarks
Building Details
Building Size
6,528 SF
Year Built
2006
Buildings
2
Listing Agency:
Uriah Real Estate Organization
(210) 315-8885
Listed By:
Uri Uriah · License #9002555
(512) 960-0747
Source:
Malouffrealty
Added: Oct 29
Last Checked: Oct 29 at 2:53PM
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 Uriah Real Estate Organization
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 926/930 Drury Lane, this San Antonio apartment property comprises eight units across two buildings constructed in 2006. Each apartment offers two bedrooms, one bathroom, and approximately 816 square feet, for 6,528 square feet of rentable area on approximately 0.321 acres. The property is zoned MF-33.
Individual central HVAC systems serve the apartments, which are separately metered for electric and water. Recent property work includes a replacement architectural composite shingle roof and exterior painting in September 2025, along with water heater replacements in select units. The grounds are xeriscaped.
The property is near Lackland AFB, Port San Antonio, Palo Alto College, and Texas A&M San Antonio.
Individual central HVAC systems serve the apartments, which are separately metered for electric and water. Recent property work includes a replacement architectural composite shingle roof and exterior painting in September 2025, along with water heater replacements in select units. The grounds are xeriscaped.
The property is near Lackland AFB, Port San Antonio, Palo Alto College, and Texas A&M San Antonio.
Key Highlights
- Eight apartments in two buildings; 6,528 square feet of total rentable area
- Each unit has 2 bedrooms, 1 bathroom, and approximately 816 square feet
- Built in 2006 on approximately 0.321 acres; zoned MF‑33
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,682
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,333,640
$1.3M
Cap Rate 7%
$952,600
$952.6K
Cap Rate 9%
$740,911
$740.9K
Market Conditions
NOI Build-Up for 6,528 SF
Gross rent
$129.3K $19.80/SF
− Vacancy
−$8.0K −$1.23/SF
EGI
$121.2K $18.57/SF
− OpEx
−$54.6K −$8.36/SF
NOI
$66.7K $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 Rate 5%
$1,333,640
Cap Rate 7%
$952,600
Cap Rate 9%
$740,911
Alternative Uses
Best Use
Apartment 5plus
$952.6K
$833.5K – $1.11M
NOI $66,682 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.67M
$1.46M – $1.94M
NOI $116,563 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
Explore this area
Business Placement
Demographics for 78221, TX
39,779
Population
14,939
Households
2.7
Avg Household Size
35
Median Age
12%
College-Educated
74%
High-School Grad
36.3 sq mi
ZIP Area
1,096
Density / Sq Mi
$63,114
Median Household Income
$33,439
Median Earnings
$1,147
Median Rent
$157,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - MF-33-zoned community with two-bedroom apartments and separately metered electric and water service.
Where is this apartment building located?
The property is located at 926/930 Drury Lane San Antonio, TX.
What is the asking price?
The asking price for this property is $1,199,989.
What are key features of this property?
This property features: Eight apartments in two buildings; 6,528 square feet of total rentable area; Each unit has 2 bedrooms, 1 bathroom, and approximately 816 square feet; Built in 2006 on approximately 0.321 acres; zoned MF‑33
