Prime Tobin Hill Multifamily Portfolio Multi-Family FOR SALE


San Antonio, TX - Tobin Hill
$1,899,990 USD
210-289-4949
, San Antonio, TX for Sale
$1,899,990 USD
Multi-Family - FOR SALE
1/1
null | 4.7% Cap Rate

Prime Tobin Hill Multifamily Portfolio
San Antonio, TX
Tobin Hill


HIGHLIGHTS

  • MF-33 / UC-6 zoned corner lots in the direct path of major economic development.
  • Investors enjoy current stabilized yield while holding prime redevelopment-ready sites for future high-density mixed-use or multifamily construction.
  • Mixed-use renderings from a prior transaction are available for inclusion in buyer presentations.
  • 100% occupancy across all 13 units generating $155,556 in annualized current rent. Strong historical occupancy with stable, long-term tenants.
  • The portfolio produces immediate, day-one income with minimal lease-up risk, providing a reliable income bridge while the market appreciates.
  • Current ownership invested over $290,000 in capital improvements at Maverick. A comprehensive $40,000 renovation of Unit 410 at Evergreen.

OVERVIEW

Malouff International Group is proud to present a rare 13-unit multifamily portfolio in the heart of San Antonio's rapidly appreciating Tobin Hill neighborhood. Consisting of 415-425 Maverick Street (10 units) and 410 W Evergreen (3 units), this package is offered exclusively together at $1,899,990. Positioned just north of the CBD, this portfolio offers immediate, stabilized cash flow (100% occupied, $155,556 annualized rent) with massive long-term redevelopment upside. The properties sit on prime MF-33 / UC-6 zoned corner lots — an ideal covered land play in the direct path of major economic catalysts including Project Marvel, the Missions Baseball Stadium initiative, the San Pedro Corridor expansion, and ongoing Medical District growth. Current ownership has invested heavily in capital expenditures including over $290,000 in exterior, structural, and interior renovations at Maverick, and a recent $40,000 comprehensive renovation of Unit 410 at Evergreen (completed Feb 2026). Upgraded interiors feature stone countertops, stainless steel appliances, and tile bathrooms. Pro forma NOI of approximately $89,316 reflects a blended cap rate of 4.70% at list price — with significant value-add potential through continued rent optimization. Properties will only be sold together as a package. Separate offers will not be considered. Qualified investors may request the full financial package including certified appraisal (Valbridge, Feb 2026), rent roll, and expense history.

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Ryan BrayKW Commercial - HeritageMore Info
210-289-4949

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Ryan BrayKW Commercial - HeritageMore Info
210-289-4949

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