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Magnolia Arms Apartments 127 W Magnolia Ave 12 Unit Apartment Building $1,695,000 ($141,250/Unit) San Antonio, TX 78212
EXECUTIVE SUMMARY
A remarkable opportunity to acquire a stately multifamily property prominently situated on a corner lot in the Monte Vista Historic District-one of the city's most beloved neighborhoods. Offered for the first time in more than five decades, this fine, historic apartment building offers enduring charm and architectural significance. Each of the 12 apartments features 2 bedrooms and 1 bath, offering comfortable living and strong rental appeal. Intact original design details and craftsmanship reflect the neighborhood's rich legacy. Long-term tenants and consistent occupancy offer immediate stability with the opportunity to unlock upside through tasteful renovations and modern enhancements. With its rich heritage and enduring presence in the neighborhood, this property offers a rare chance to carry forward a legacy-while unlocking its full potential for the future. Please do not approach or engage with current residents. Please note that listing broker is a Co-Trustee and co-beneficiary of the trust that owns property.
PROPERTY FACTS
| Price | $1,695,000 | Building Class | C |
| Price Per Unit | $141,250 | Lot Size | 0.42 AC |
| Sale Type | Investment | Building Size | 11,258 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1927 |
| Property Subtype | Apartment | Parking Ratio | 1.07/1,000 SF |
| Zoning | MF-33 - Permitted Uses: The MF-33 zoning district primarily allows for multi-family residential uses, which can include apartments and townhomes | ||
| Price | $1,695,000 |
| Price Per Unit | $141,250 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 11,258 SF |
| No. Stories | 2 |
| Year Built | 1927 |
| Parking Ratio | 1.07/1,000 SF |
| Zoning | MF-33 - Permitted Uses: The MF-33 zoning district primarily allows for multi-family residential uses, which can include apartments and townhomes |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Tub/Shower
- Lawn
- Smoke Free
- Window Coverings
SITE AMENITIES
- Laundry Facilities
- Vintage Building
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 12 | - | - |
1 1
Bike Score®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 01770-007-0100 | Improvements Assessment | $884,680 |
| Land Assessment | $577,780 | Total Assessment | $1,462,460 |
PROPERTY TAXES
Parcel Number
01770-007-0100
Land Assessment
$577,780
Improvements Assessment
$884,680
Total Assessment
$1,462,460
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Magnolia Arms Apartments | 127 W Magnolia Ave
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