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$ 975,000
Est. payment /mo
Contingent
124 Ashby Pl San Antonio, TX 78212
12 Beds
8 Baths
9,133 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two Story
Listing Status Contingent
Purchase Type For Sale
Square Footage 9,133 sqft
Price per Sqft $106
MLS Listing ID 1943475
Style Two Story
Bedrooms 12
Full Baths 8
Year Built 1915
Annual Tax Amount $16,717
Lot Size 8,428 Sqft
Acres 0.1935
Property Sub-Type Two Story
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
Interior
Heating Floor Furnace
Cooling Window/Wall
Flooring Ceramic Tile, Wood, Laminate
Exterior
Exterior Feature Wood, Siding
Garage Spaces 8.0
Roof Type Composition
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
Listed by Shane Neal • eXp Realty • (726) 245-8941