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Magnolia Terrace Apartments 219 W Magnolia Ave 16 Unit Apartment Building $2,852,052 CAD ($178,253 CAD/Unit) San Antonio, TX 78212
Investment Highlights
- property in the coveted Monte Vista Historic District
Executive Summary
Rare opportunity to own an iconic multifamily property in the coveted Monte Vista Historic District. For the first time in over half a century, this distinguished apartment building is available for purchase - a truly rare offering in one of the city's most sought-after historic districts. Steeped in character and architectural charm, this property has long stood as a cornerstone of the neighborhood, admired for its timeless facade and enduring presence. With a strong rental history and loyal tenants, this 16-unit property offers immediate income stability and a solid opportunity to realize significant upside through strategic renovations and modern upgrades. Properties of this caliber and legacy rarely come to market. Don't miss this moment to make it yours. Please do not approach or engage with current residents. Listing broker is a Co-Trustee and co-beneficiary of the trust that owns this property.
Property Facts
| Price | $2,852,052 CAD | Lot Size | 0.65 AC |
| Price Per Unit | $178,253 CAD | Building Size | 16,068 SF |
| Sale Type | Investment | Average Occupancy | 88% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1945 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Building Class | C | ||
| Zoning | MF-33 - Permitted Uses: The MF-33 zoning district primarily allows for multi-family residential uses, which can include apartments and townhomes. | ||
| Price | $2,852,052 CAD |
| Price Per Unit | $178,253 CAD |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.65 AC |
| Building Size | 16,068 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built | 1945 |
| Parking Ratio | 1/1,000 SF |
| Zoning | MF-33 - Permitted Uses: The MF-33 zoning district primarily allows for multi-family residential uses, which can include apartments and townhomes. |
Amenities
Site Amenities
- Smoke Free
- Storage Space
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | $1,229 CAD | 600 - 950 |
| 2+1 | 4 | $1,630 CAD | 1,100 - 1,150 |
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Bike Score®
Very Bikeable (85)
Property Taxes
| Parcel Number | 02953-002-0170 | Improvements Assessment | $1,615,579 CAD |
| Land Assessment | $1,223,381 CAD | Total Assessment | $2,838,960 CAD |
Property Taxes
Parcel Number
02953-002-0170
Land Assessment
$1,223,381 CAD
Improvements Assessment
$1,615,579 CAD
Total Assessment
$2,838,960 CAD
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Magnolia Terrace Apartments | 219 W Magnolia Ave
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