Stabilized 8-Unit Apartment
926/930 Drury Lane San Antonio, TX 78221
926/930 Drury Lane, San Antonio, TX, 78221
$1,199,989
For Sale
$1,199,989
Stabilized 8-unit property with separately metered electric and water units, each with individual central HVAC.
Property Size6,528 SF
Lot Size0.32 Acres
Price / SF$183.82
Days on Market55
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 Home
Building Details
- Year Built
- 2006
Listing agency
Uriah Real Estate Organization
(210) 315-8885
Listed by
Uri Uriah · License #9002555
(210) 315-8885
Source
Southtexasrealtyservices
Added: May 29 Updated: Jul 22 at 8:38AM Checked: Jul 22 at 8:38AM
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 comprised of two well-maintained buildings constructed in 2006. The property features all 2-bedroom, 1-bath units. Each unit is separately metered for electric and water and includes its own central HVAC system.
The exterior and major components have recently been updated, including a new Owens Corning algae-resistant laminate architectural composite shingle roof installed in September 2025, a freshly painted exterior completed in September 2025, and new water heaters in select units. Grounds are professionally xeriscaped, designed to minimize ongoing lawn maintenance.
The community is positioned minutes from Lackland AFB, Port San Antonio, Palo Alto College, and Texas A&M San Antonio, supporting continued rental demand within a major employment corridor.
The exterior and major components have recently been updated, including a new Owens Corning algae-resistant laminate architectural composite shingle roof installed in September 2025, a freshly painted exterior completed in September 2025, and new water heaters in select units. Grounds are professionally xeriscaped, designed to minimize ongoing lawn maintenance.
The community is positioned minutes from Lackland AFB, Port San Antonio, Palo Alto College, and Texas A&M San Antonio, supporting continued rental demand within a major employment corridor.
Key Highlights
- Stabilized 8‑unit apartment community on approx. 0.32 acres in San Antonio, TX 78221
- Two buildings built in 2006 with all units as 2 bed/1 bath, approx. 816 SF per unit
- 6,528 SF total rentable area; separately metered electric and water for each unit
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
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
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Stabilized 8-unit property with separately metered electric and water units, each with individual central HVAC.
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 with all units as 2 bed/1 bath, approx. 816 SF per unit; 6,528 SF total rentable area; separately metered electric and water for each unit
