Listed by Real Broker
$495,000
1522 S Elmendorf St Triplex
Details
APN 07388-000-0110
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,285
Units 3
Beds 9
Cap Rate 8.74%
NOI $43,289
Occupancy 100%
Tenancy Single
Pro-Forma Cap Rate 8.94%
Price per SqFt $151
Class C
Year Built 2023
Buildings 2
Acreage 0.110
Zoning MF-33
Parking Spaces 3 spaces
Parking Per SqFt 0.91
2023-Built | 3-Unit Infill Investment | 10 Min to Downtown San Antonio
Marketing description
This fully leased 2023 triplex combines immediate 8.74% in-place yield with low capital needs and an efficient expense structure. Three-bedroom units broaden renter appeal, while tenant-paid utilities and staggered 2026 lease expirations support resilient cash flow, operational efficiency, and flexible rent growth in a near-Downtown Westside location.
Investment highlights
- 8.74% Cap Rate | Strong In-Place Cash Flow
- 2023 Construction | Minimal Deferred Maintenance & Capital Risk
- Fully Leased | Long-Term Tenants, 2 of 3 Since Delivery
- Tenant-Paid Utilities & Yard Maintenance | Lean Expense Structure
- All Units Are 3BD/2BA | Broad Renter Appeal & Low Turnover
- Staggered Lease Expirations (Aug 2026 – Jan 2027) | Mark-to-Market Opportunity
- Prime Infill Location | 10 Minutes to Downtown San Antonio
- Direct Access to Hwy 90 & I-10 | Strong Metro Connectivity
Listing Contacts
Listed by Real Broker
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$43,289.00
$3,607.42/mo
Valuation Metrics
0
DSCR
8.75%
Cap Rate
8.75%
ROI
Map
Zoning
MF-33 ResidentialMulti FamilyMultifamily
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View all 53 uses Last updated Apr 2, 2026 For deeper zoning details, reports are available at Zoneomics
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