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Magnolia Terrace Apartments 219 W Magnolia Ave 16 Unit Apartment Building $2,465,000 ($154,063/Unit) San Antonio, TX 78212
EXECUTIVE SUMMARY
Rare opportunity to own an iconic multifamily property in the coveted Monte Vista Historic District. For the first time in over half a century, this distinguished apartment building is available for purchase - a truly rare offering in one of the city's most sought-after historic districts. Steeped in character and architectural charm, this property has long stood as a cornerstone of the neighborhood, admired for its timeless facade and enduring presence. With a strong rental history and loyal tenants, this 16-unit property offers immediate income stability and a solid opportunity to realize significant upside through strategic renovations and modern upgrades. Properties of this caliber and legacy rarely come to market. Don't miss this moment to make it yours. Please do not approach or engage with current residents. Listing broker is a Co-Trustee and co-beneficiary of the trust that owns this property.
PROPERTY FACTS
| Price | $2,465,000 | Building Class | C |
| Price Per Unit | $154,063 | Lot Size | 0.65 AC |
| Sale Type | Investment | Building Size | 16,068 SF |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1945 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 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 | $2,465,000 |
| Price Per Unit | $154,063 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.65 AC |
| Building Size | 16,068 SF |
| No. Stories | 2 |
| Year Built | 1945 |
| Parking Ratio | 1/1,000 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
SITE AMENITIES
- Smoke Free
- Storage Space
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | $905.00 | 600 - 950 |
| 2+1 | 4 | $1,200 | 1,100 - 1,150 |
1 1
Bike Score®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 02953-002-0170 | Improvements Assessment | $1,189,570 |
| Land Assessment | $900,790 | Total Assessment | $2,090,360 |
PROPERTY TAXES
Parcel Number
02953-002-0170
Land Assessment
$900,790
Improvements Assessment
$1,189,570
Total Assessment
$2,090,360
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Magnolia Terrace Apartments | 219 W Magnolia Ave
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