Stabilized 8-Unit Apartment
926 Drury Ln San Antonio, TX 78221
926 Drury Ln, San Antonio, TX, 78221
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For Sale
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Stabilized 8-unit community with two 2006-built buildings, all individually metered 2BR/1BA units with central HVAC.
Property Size6,528 SF
Lot Size0.32 Acres
Price / SF$183.82
Days on Market55
Property Features for 926 Drury Ln
General Information
- Standard status
- Active
- Size
- 6,528 SF
- Lot size
- 0.32 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 2006
Listing agency
Uriah Real Estate Oganization LLC
(210) 315-8885
Listed by
Uri Uriah · License #9002555
Source
Crexi
Added: May 29 Updated: Jul 22 at 10:52AM Checked: Jul 22 at 10:52AM
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 Oganization LLC
Investment Insights
Based on property information with market context.
926/930 Drury Lane is a stabilized 8-unit apartment community featuring two well-maintained buildings built in 2006. The property offers all 2-bedroom, 1-bathroom units, each with individual central HVAC and separate electric and water metering. Total rentable area is listed as approximately 6,528 square feet.
Recent and ongoing exterior and systems updates include a brand-new Owens Corning algae-resistant laminate architectural composite shingle roof installed September 2025, freshly painted exterior work completed September 2025, and new water heaters in select units. The grounds are professionally xeriscaped, described as requiring virtually no lawn maintenance.
The property is positioned minutes from Lackland AFB, Port San Antonio, Palo Alto College, and Texas A&M San Antonio, supporting steady rental demand in an active employment corridor.
Recent and ongoing exterior and systems updates include a brand-new Owens Corning algae-resistant laminate architectural composite shingle roof installed September 2025, freshly painted exterior work completed September 2025, and new water heaters in select units. The grounds are professionally xeriscaped, described as requiring virtually no lawn maintenance.
The property is positioned minutes from Lackland AFB, Port San Antonio, Palo Alto College, and Texas A&M San Antonio, supporting steady rental demand in an active employment corridor.
Key Highlights
- Stabilized 8‑unit apartment community on approx. 0.32± acres in San Antonio, TX 78221
- Two apartment buildings built in 2006 with all 2BR/1BA units, approx. 816 SF per unit
- All units individually metered for electric and water; each unit has its own central HVAC system
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
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FAQs
What type of property is this?
Apartment building - Stabilized 8-unit community with two 2006-built buildings, all individually metered 2BR/1BA units with central HVAC.
Where is this apartment building located?
The property is located at 926 Drury Ln 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 apartment buildings built in 2006 with all 2BR/1BA units, approx. 816 SF per unit; All units individually metered for electric and water; each unit has its own central HVAC system
