709 Elmira St San Antonio, TX 78212
- Apartment buildings
- 5,404 SF
- 0.48 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 709 Elmira St
- Year built
- 1940
- Lot size
- 0.48 lot acres
- Property size
- 5,404 SF
- Property type
- Apartment buildings
Description
This exceptional redevelopment opportunity presents a rare chance to acquire a seven-unit apartment building in San Antonio's desirable Tobin Hill Historic District, situated within the vibrant Pearl Brewery trade area. The property consists of seven free-standing, single-family cottages, each boasting one bedroom and one bathroom, hardwood floors, and charming private porches. Currently operating at 100% occupancy (as of January 1st, 2025), this 5,404 square foot complex offers significant potential for value-add improvements. The property sits on a 0.48-acre lot and provides eleven parking spaces (approximately 1.5 per unit). Its R-6 zoning allows for flexibility in future development plans, whether focusing on long-term income generation or conversion to for-sale townhomes. The property enjoys excellent visibility from I-35 and is conveniently walkable to the Pearl Brewery and the North St. Mary's restaurant and retail district. Built in 1940, the property offers a unique blend of historic charm and modern potential. The current net operating income (NOI) is $55,577. This is an ideal investment for those seeking a strong return in a prime San Antonio location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Antonio
- County
- Bexar
- State
- Texas
- Longitude
- -98.4873
- Latitude
- 29.44
