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Sarahi Pereira

sarahipereira.realtor@gmail.com +1(210) 819-9861

$975,000

Est. payment - /mo

12 Beds

8 Baths

9,133 SqFt

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Key Details

Property Type Multi-Family

Sub Type Multi-Family (2-8 Units)

Listing Status Active

Purchase Type For Sale

Square Footage 9,133 sqft

Price per Sqft $106

Subdivision Unknown

MLS Listing ID 1943475

Style Two Story

Bedrooms 12

Full Baths 8

Construction Status Pre-Owned

Year Built 1915

Annual Tax Amount $16,717

Lot Size 8,428 Sqft

Property Sub-Type Multi-Family (2-8 Units)

Property Description

Welcome to 124 E Ashby - a rare historic 8-unit multifamily property located in the heart of Tobin Hill, one of Downtown San Antonio's most walkable and desirable neighborhoods. Originally a grand historic mansion, this architecturally distinctive property features hardwood floors, soaring ceilings, arched doorways, oversized windows, and spacious layouts - each unit offering its own unique character and charm. This is not a commodity apartment complex - it's a boutique historic asset with irreplaceable architectural appeal. Current rents are potentially under market, presenting a compelling value-add opportunity for investors seeking long-term upside. With 75% occupancy and immediate leasing potential on remaining units, there is a clear path toward stabilization and improved cash flow. A stabilized pro forma supports a 5% cap scenario, offering investors the opportunity to increase rents to market levels while benefiting from one of San Antonio's strongest rental corridors. Located just steps from St. Mary's Strip, residents enjoy walkable access to nightlife, restaurants, and entertainment. The property is also minutes from The Pearl, San Antonio College, and Downtown. This drives consistent tenant demand and long-term appreciation potential. This is a location-driven investment with built-in rental growth opportunity in a neighborhood where historic character and walkability command premium interest. 124 E Ashby is ideal for investors looking to reposition a unique historic asset in a high-growth urban submarket - not just another multifamily property, but a long-term hold with upside!

Location

State TX

County Bexar

Area 0900

Zoning MF-33

Direction E

Interior

Heating Floor Furnace

Cooling Window/Wall

Flooring Ceramic Tile, Wood, Laminate

Exterior

Exterior Feature Wood, Siding

Garage Spaces 8.0

Roof Type Composition

Building

Construction Status Pre-Owned

Schools

Elementary Schools Hawthorne

Middle Schools Hawthorne Academy

High Schools Edison

School District San Antonio I.S.D.

Others

Acceptable Financing Conventional, FHA, VA, TX Vet, Cash

Listing Terms Conventional, FHA, VA, TX Vet, Cash

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LERA MLS - Local Expertise Regional Access / SABOR

Listed by Shane Neal • eXp Realty • (726) 245-8941

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Sarahi Pereira

+1(210) 819-9861

Agent

124 Ashby Pl San Antonio, TX 78212

Sarahi Pereira

Key Details

Location

Interior

Exterior

Building

Schools

Others

Schools and Properties Nearby

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124 Ashby Pl