1779 Nacogdoches RdSan Antonio, TX 78209

Property Details for 1779 Nacogdoches Rd

Year built

1970

Lot size

1.31 AC

Property size (Sq ft)

15,484 SF

Property type

Residential income properties

Property subtype

Garden apartment buildings

APN

11898-000-0050

APU

118980000050

Description

The Quarter Apartments, a 46-unit multifamily property located at 1779 Nacogdoches Rd, San Antonio, TX 78209, presents a compelling value-add investment opportunity. Situated on a 1.312-acre lot in the affluent Alamo Heights submarket of Bexar County, this property comprises four, three-story buildings totaling 38,956 net rentable square feet. Built in 1970 and zoned MF-40, the complex offers a diverse range of unit sizes, including studios, one, two, and three-bedroom apartments, and townhome-style units ranging from 411 to 1,411 square feet. The property benefits from a significant $1.67 million investment in capital improvements, including exterior enhancements and a resident's lounge. Fifteen units have already been renovated, demonstrating the market demand and achieving rental premiums of $200 above comparable units. A new owner can capitalize on this success by completing the renovation of the remaining units. Alamo Heights boasts a median household income of $149,332 and a highly educated population (74.2% with higher education degrees), creating a strong tenant base. This prime location, coupled with the existing improvements and the potential for increased profitability, makes The Quarter Apartments an attractive investment prospect.

Location Insight

City

San Antonio

County

Bexar

State

Texas

Latitude

29.5046

Longitude

-98.4602

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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