124 E Ashby Pl,San Antonio, TX 78212
San Antonio, TX 78212
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!
Details
| MLS # | 1943475 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1915 |
| Days On Site | 183 |
| Listing Provided By | eXp Realty | Shane Neal |
Features
| SQ Feet | 9,133 |
|---|---|
| Units | 8 |
| Zoning | MF-33 |
| Acreage | 0.19 |
Interior
| Heating Fuel | Natural Gas |
|---|
Exterior
| Exterior | Wood, Siding |
|---|---|
| Exterior Features | Patio Slab, Covered Patio, Has Gutters, Mature Trees, Detached Quarters, Cable TV Available |
Taxes
| Tax Property Id | 017250020120 |
|---|---|
| Taxed By Mltpl Counties | No |
| Total Tax | 16717.27 |
Area Information
| State | TX |
|---|---|
| County | Bexar |
| City | San Antonio |
| Zip Code | 78212 |
| Area | Bexar |
| Community Name | UNKNOWN |
| School District | San Antonio I.S.D. |
| Elementary School | Hawthorne |
| High School | Edison |
| Listing VS Median (in UNKNOWN) | |
Price: $975,000 low | high Med: $154,750 sqft: 9,133 low | high Med: 22,501 $ / sqft: $107 low | high Med: $57 On site: 183 low | high Med: 217 | |
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Learn More About This Property
| State | TX |
|---|---|
| County | Bexar |
| City | San Antonio |
| Zip Code | 78212 |
| Area | Bexar |
| Community Name | UNKNOWN |
| School District | San Antonio I.S.D. |
| Elementary School | Hawthorne |
| High School | Edison |
| Listing VS Median (in UNKNOWN) | |
Price: $975,000 low | high Med: $154,750 sqft: 9,133 low | high Med: 22,501 $ / sqft: $107 low | high Med: $57 On site: 183 low | high Med: 217 | |