512-516 E Quincy St - Apartments FOR SALE


San Antonio, TX 78215- Historic San Antonio
$1,600,000 USD
210-343-7809
512-516 E Quincy St, San Antonio, TX for Sale
$1,600,000 USD
Apartments - FOR SALE
1/3
null | 5.14% Cap Rate

512-516 E Quincy St
San Antonio, TX 78215
Historic San Antonio


HIGHLIGHTS

  • Historic Designation & Incentives: Recognized as a historically significant property by the City of San Antonio
  • Significant Value-Add Upside: Majority of units remain in classic condition, providing a strong opportunity for interior upgrades and rent growth
  • Recent Capital Improvements: Over $250,000 invested in foundation, plumbing, electrical, and roof repairs over the past two years

OVERVIEW

Marcus & Millichap is pleased to present the exclusive listing of E Quincy Apartments, a unique value-add opportunity consisting of 20 units in San Antonio, Texas. The property is located just north of Downtown and walkable to The Pearl, which features 23 acres of dining, retail, office, and direct access to the San Antonio Riverwalk. Given the asset’s proximity to the San Antonio CBD area and The Pearl, residents have access to over 100,000 employment opportunities within a one-mile radius. The property is recognized by the City of San Antonio as a historically significant asset. While the buildings are older, they feature distinctive architectural character and historical value. In recognition of this, the City offers a range of financial incentives to owners who undertake qualified rehabilitation efforts. These incentives may include property tax exemptions and grant funding opportunities. A new owner may be eligible to access these benefits by submitting the appropriate applications through both the City of San Antonio and the Conservation Society of San Antonio. The property offers significant value-add potential, as the majority of units remain in classic, unrenovated condition. A new owner has the opportunity to implement a unit enhancement program to capture rent premiums, while also potentially leveraging the incentives available for historic properties in San Antonio. Over the past two years, the current ownership has invested more than $250,000 in capital improvements, including foundation stabilization, plumbing upgrades, electrical work, and roof repairs—providing a solid foundation for future value-add initiatives.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$80 USD /SF

# OF UNITS

20

PRICE/UNIT

$80,000

CAP RATE

5.14%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,548 SF

ZONING

FBZD

APN/PARCEL ID

00823-004-0040,00823-004-0110

ASK ABOUT THIS PROPERTY

Benjamin KalterMarcus & MillichapMore Info
210-343-7809

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

Benjamin KalterMarcus & MillichapMore Info
210-343-7809

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