309 Calgary Ave - Apartments FOR SALE


San Antonio, TX 78226- Port San Antonio
$1,700,000 USD
210-315-8885
309 Calgary Ave, San Antonio, TX for Sale
$1,700,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

309 Calgary Ave
San Antonio, TX 78226
Port San Antonio


HIGHLIGHTS

  • Stabilized, Cash Flowing Asset- consistently occupied 12-unit townhome community.
  • High Demand Unit Configuration- mix of 3-, 4-, and 5-bedroom large townhome style units.
  • Strategic Proximity to Major Employment Drivers- located minutes from Port San Antonio and Lackland Air Force Base.
  • Low density site with majority of units renovated including electrical upgrades in 2023 and all new roofs in 2024.

OVERVIEW

309 Calgary Avenue is a stabilized 12-unit townhome community situated on approximately 2.1 acres, just minutes from Port San Antonio, one of the region’s largest employment and economic drivers. The property consists of three apartment buildings totaling 19,688 square feet of rentable living area and features a townhome-style configuration designed to support long-term tenancy. The community offers a diverse unit mix comprised exclusively of 3-, 4-, and 5-bedroom layouts, a highly desirable format that continues to command strong rental demand from a broad and diverse tenant base. The asset has demonstrated consistent occupancy, supported by durable demand drivers including proximity to Port San Antonio, which hosts more than 80 public and private-sector tenants such as Boeing, StandardAero, and GXO Logistics, as well as nearby Lackland Air Force Base. Residents benefit from covered parking and an on-site playground, enhancing tenant satisfaction and retention. The low-density site configuration provides ample open space, differentiating the property within the submarket and contributing to operational stability. Located less than two miles south of Highway 90, 309 Calgary Avenue offers efficient access to downtown San Antonio and the broader metropolitan area while remaining within a stable residential neighborhood. The property represents a compelling investment opportunity for buyers seeking immediate cash flow, long-term appreciation, and tax-efficient income, supported by strong operating fundamentals and a supply-constrained location.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$86 USD /SF

# OF UNITS

12

PRICE/UNIT

$141,667

CAP RATE

Request Cap Rate

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Port of SA Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

21

LAND DETAILS

LAND ACRES

2.13 AC

LAND SF

92,783 SF

ZONING

C-3

APN/PARCEL ID

07530-000-1320

ASK ABOUT THIS PROPERTY

Uri UriahURIAH Real Estate Organization, LLCMore Info
210-315-8885

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Uri UriahURIAH Real Estate Organization, LLCMore Info
210-315-8885

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.