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1409 W Woodlawn Ave
San Antonio, TX 78201
Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- 6 of 8 units renovated
- Stabilized / Pro Forma NOI: $58,080 = 8.31% cap rate at asking
- Value add opportunity
- Proximity to Woodlawn Lake Park, San Antonio College, St. Mary’s University, Downtown SA, and the Pearl District, with quick access to I-10
EXECUTIVE SUMMARY
Stabilized 8-plex with remaining upside in the Monticello Park submarket. This 10,851 SF, 2-story, brick asset (built 1940) sits on 0.44 acres and is zoned MF-33. Six of eight units have been renovated and are leasing at higher rates based on historical lease rates, leaving a clear runway to complete remaining improvements and pursue additional rent growth through minor cosmetic upgrades, landscaping/curb appeal enhancements, and potential washer/dryer additions.
Stabilized NOI: $58,080 = 8.31% cap rate at the $699,000 offering price (NOI/price).
Demand drivers include proximity to Woodlawn Lake Park (~0.9 mi), San Antonio College (~1.6 mi), St. Mary’s University (~4.0 mi), and quick access to I-10, Downtown, and major employment nodes.
Buyer to verify all information and complete independent underwriting.
Stabilized NOI: $58,080 = 8.31% cap rate at the $699,000 offering price (NOI/price).
Demand drivers include proximity to Woodlawn Lake Park (~0.9 mi), San Antonio College (~1.6 mi), St. Mary’s University (~4.0 mi), and quick access to I-10, Downtown, and major employment nodes.
Buyer to verify all information and complete independent underwriting.
PROPERTY FACTS
| Price Per Unit | $87,375 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.44 AC |
| Cap Rate | 8.31% | Building Size | 10,851 SF |
| No. Units | 8 | Average Occupancy | 75% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1940/2024 |
| Apartment Style | Low-Rise | Parking Ratio | 1.11/1,000 SF |
| Zoning | MF-33 - Multi-family District | ||
| Price Per Unit | $87,375 |
| Sale Type | Investment |
| Cap Rate | 8.31% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 10,851 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built/Renovated | 1940/2024 |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | MF-33 - Multi-family District |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Refrigerator
- Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
PROPERTY TAXES
| Parcel Number | 06480-001-0620 | Improvements Assessment | $508,300 |
| Land Assessment | $116,700 | Total Assessment | $625,000 |
PROPERTY TAXES
Parcel Number
06480-001-0620
Land Assessment
$116,700
Improvements Assessment
$508,300
Total Assessment
$625,000
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