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San Antonio Multifamily Investment Opportunity

926/930 Drury Lane San Antonio, TX 78221

926/930 Drury Lane, San Antonio, TX, 78221
$1,199,989
For Sale
Claim this Listing
$1,199,989

MULTI_FAMILY - San Antonio, TX

Property Size6,528 SF
Lot Size0.32 Acres
Price / SF$183.82
AddedMay 29
Days on Market47
Last RefreshJul 14 at 6:06 pm

Property Features for 926/930 Drury Lane

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
MF-33
Standard status
Active
Size
6,528 SF
Lot size
0.32 Acres

Taxes and HOA fees

Tax Annual Amount
16020

Building Details

Year built
2006

Listing agent Uri Uriah License #9002555

Listing office Uriah Real Estate Organization 3000 W IH 10, San Antonio, TX

Listing date May 29, 2026

MLS# 1971114 Listing URL

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.

The property at 926/930 Drury Lane is an 8-unit apartment community situated on approximately 0.32 acres in San Antonio, TX 78221. The property consists of two well-maintained buildings constructed in 2006. The buildings feature exclusively 2-bedroom/1-bathroom units, each with approximately 816 square feet, totaling 6,528 square feet of rentable area. The property is in exceptional condition, featuring a new Owens Corning algae-resistant laminate architectural composite shingle roof (September 2025), new water heaters in select units, a freshly painted exterior (September 2025), and professionally xeriscaped grounds requiring virtually zero lawn maintenance. Each unit is separately metered for electric and water and includes an individual central HVAC system. Strategically located minutes from Lackland AFB, Port San Antonio, Palo Alto College, and Texas A&M San Antonio, the property benefits from strong, diverse rental demand within one of San Antonio's most active employment corridors. The property is offered at an attractive 6.5 cap rate.

Key Highlights

  • Attractive 6.5% cap rate offers strong investment potential.
  • Stabilized 8‑unit apartment community built in 2006, indicating modern construction.
  • Excellent condition with recent upgrades including a new roof (September 2025) and fresh exterior paint (September 2025).

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 $129.3k $19.80
− Vacancy −$8.0k −$1.23
EGI $121.2k $18.57
− OpEx −$54.6k −$8.36
NOI $66.7k $10.21
6,528 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$952.6K
$833.5K – $1.11M (±1% cap)
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 (±1% cap)
NOI $116,563 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Law Firm HVAC Service Electrical Service Building Supply Garden Center Gym & Fitness Center Skin Care Clinic (Bike/Boat/Book/etc) Store Storage Facility

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

FAQs

What type of property is this?
Apartment building - Stabilized 8-unit apartment community near Lackland AFB.
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: Attractive 6.5% cap rate offers strong investment potential.; Stabilized 8‑unit apartment community built in 2006, indicating modern construction.; Excellent condition with recent upgrades including a new roof (September 2025) and fresh exterior paint (September 2025).
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