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926 & 930 Drury Lane Apartments 926 Drury Ln 8 Unit Apartment Building $1,199,989 ($149,999/Unit) 6.50% Cap Rate San Antonio, TX 78221
Investment Highlights
- Stabilized, cash-flowing 8-unit apartment community — offered at a 6.5% cap rate
- Strategic proximity to major employment drivers — minutes from Lackland AFB & Port San Antonio
- High-demand unit configuration — all 2 bed / 1 bath units (~816 sqft each)
- Turnkey asset — new roof (Sept. 2025), new boilers, freshly painted exterior & xeriscaped grounds
Executive Summary
926/930 Drury Lane is a stabilized 8-unit apartment community situated on approximately 0.32 acres in San Antonio, TX 78221, offered at an attractive 6.5% cap rate. The property consists of two well-maintained buildings built in 2006, featuring exclusively 2-bedroom/1-bathroom units with approximately 816 square feet per unit and 6,528 square feet of total rentable area.
The asset is in exceptional condition, featuring a brand-new Owens Corning algae-resistant laminate architectural composite shingle roof (September 2025), new water heaters in select units, a freshly painted exterior (September 2025), and professionally xeriscaped grounds requiring virtually zero lawn maintenance. Each unit is separately metered for electric and water and includes an individual central HVAC system.
Strategically located minutes from Lackland AFB, Port San Antonio, Palo Alto College, and Texas A&M San Antonio, the property benefits from strong, diverse rental demand within one of San Antonio’s most active employment corridors.
The asset is in exceptional condition, featuring a brand-new Owens Corning algae-resistant laminate architectural composite shingle roof (September 2025), new water heaters in select units, a freshly painted exterior (September 2025), and professionally xeriscaped grounds requiring virtually zero lawn maintenance. Each unit is separately metered for electric and water and includes an individual central HVAC system.
Strategically located minutes from Lackland AFB, Port San Antonio, Palo Alto College, and Texas A&M San Antonio, the property benefits from strong, diverse rental demand within one of San Antonio’s most active employment corridors.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,199,989 | Apartment Style | Low-Rise |
| Price Per Unit | $149,999 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 6.50% | Building Size | 6,528 SF |
| Gross Rent Multiplier | 12.55 | Average Occupancy | 88% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 2006/2025 |
| Property Subtype | Apartment | Parking Ratio | 2.45/1,000 SF |
| Zoning | MF-33 - multifamily | ||
| Price | $1,199,989 |
| Price Per Unit | $149,999 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Gross Rent Multiplier | 12.55 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.32 AC |
| Building Size | 6,528 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built/Renovated | 2006/2025 |
| Parking Ratio | 2.45/1,000 SF |
| Zoning | MF-33 - multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Ceiling Fans
- Refrigerator
- Oven
- Sprinkler System
- Tub/Shower
- Double Pane Windows
- Handrails
- Vinyl Flooring
- Window Coverings
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | $969.50 | 816 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 09415-136-0030 | Total Assessment | $630,000 |
| Land Assessment | $58,940 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $571,060 | Tax Year | 2025 |
Property Taxes
Parcel Number
09415-136-0030
Land Assessment
$58,940
Improvements Assessment
$571,060
Total Assessment
$630,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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