Stabilized 8-Unit Apartment
926-930 Drury Lane San Antonio, TX 78221
For Sale
$1,199,989
Stabilized eight-unit community with 2BR/1BA homes and separate utilities for streamlined operations.
Property Size6,528 SF
Lot Size0.32 Acres
Price / SF$183.82
Days on Market85
Property Features for 926-930 Drury Lane
General Information
- Standard status
- Active
- Size
- 6,528 SF
- Lot size
- 0.32 Acres
- Property subtype
- Multi-Family / Two Story
Building Details
- Year Built
- 2006
Listing Agency:
Uriah Real Estate Organization
(210) 315-8885
Listed By:
Uri Uriah · License #9002555
(210) 315-8885
Source:
Compass
Added: May 3
Changed: Jul 10
Last Checked: Jul 26 at 12:01PM
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
Investment Insights
Based on property information with market context.
926-930 Drury Lane is a stabilized 8-unit apartment community comprising two well-maintained buildings built in 2006. The property offers exclusively 2-bedroom, 1-bathroom units, each with an individual central HVAC system and approximately 816 square feet per unit. All units are separately metered for electric and water, supporting more straightforward tenant-by-tenant utility management.
The exterior and key improvements have been recently addressed. A brand-new Owens Corning algae-resistant laminate architectural composite shingle roof was installed in September 2025. The property also includes a freshly painted exterior from September 2025, and new water heaters in select units. The grounds are professionally xeriscaped to help reduce lawn maintenance needs.
With an operating profile built around individually metered utilities and HVAC, this asset may appeal to buyers seeking a smaller, self-contained multifamily property with a consistent unit mix. The location is minutes from Lackland AFB, Port San Antonio, Palo Alto College, and Texas A&M San Antonio, placing it near multiple employment and education anchors within one of the area’s active corridors.
The exterior and key improvements have been recently addressed. A brand-new Owens Corning algae-resistant laminate architectural composite shingle roof was installed in September 2025. The property also includes a freshly painted exterior from September 2025, and new water heaters in select units. The grounds are professionally xeriscaped to help reduce lawn maintenance needs.
With an operating profile built around individually metered utilities and HVAC, this asset may appeal to buyers seeking a smaller, self-contained multifamily property with a consistent unit mix. The location is minutes from Lackland AFB, Port San Antonio, Palo Alto College, and Texas A&M San Antonio, placing it near multiple employment and education anchors within one of the area’s active corridors.
Key Highlights
- Stabilized 8‑unit apartment community on approx. 0.32 acres in San Antonio, TX 78221
- Two buildings built in 2006 offering all 2BR/1BA units with approx. 816 SF per unit and 6,528 SF total rentable area
- Separate utilities: each unit is separately metered for electric and water
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
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Stabilized eight-unit community with 2BR/1BA homes and separate utilities for streamlined operations.
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: Stabilized 8‑unit apartment community on approx. 0.32 acres in San Antonio, TX 78221; Two buildings built in 2006 offering all 2BR/1BA units with approx. 816 SF per unit and 6,528 SF total rentable area; Separate utilities: each unit is separately metered for electric and water
