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709 Elmira StSan Antonio, TX 78212

Historic 7-unit apartment complex, high occupancy.

Overview

Added:
Feb 13
Days on market:
53
This exceptional redevelopment opportunity presents a rare chance to acquire a seven-unit apartment building in San Antonio's desirable Tobin Hill Historic District, situated within the vibrant Pearl Brewery trade area. The property consists of seven free-standing, single-family cottages, each boasting one bedroom and one bathroom, hardwood floors, and charming private porches. Currently operating at 100% occupancy (as of January 1st, 2025), this 5,404 square foot complex offers significant potential for value-add improvements. The property sits on a 0.48-acre lot and provides eleven parking spaces (approximately 1.5 per unit). Its R-6 zoning allows for flexibility in future development plans, whether focusing on long-term income generation or conversion to for-sale townhomes. The property enjoys excellent visibility from I-35 and is conveniently walkable to the Pearl Brewery and the North St. Mary's restaurant and retail district. Built in 1940, the property offers a unique blend of historic charm and modern potential. The current net operating income (NOI) is $55,577. This is an ideal investment for those seeking a strong return in a prime San Antonio location.

Highlights

  • 7-unit apartment building redevelopment opportunity in San Antonio, TX.
  • 5,404 square feet on a 0.48-acre lot, with 100% occupancy.
  • Located in the Tobin Hill Historic District, near the Pearl Brewery and I-35.
  • Seven 1-bedroom, 1-bathroom units averaging 772 square feet each.
  • Features hardwood floors, private porches, and historic charm.
  • Current projected Net Operating Income (NOI) of $55,577.

Property Details for 709 Elmira St

Property type
Apartment buildings
Square Feet
5,404 SF
Class
C
Year Built
1940
Buildings
7
Stories
1
Lot Size (sq. ft)
20,909 SF
Units
7

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.440030497827
Longitude
-98.487269438011
709 Elmira St, San Antonio, Texas

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709 Elmira St
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