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Magnolia Terrace Apartments 219 W Magnolia Ave 16 Unit Apartment Building $2,872,170 CAD ($179,511 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 | $2,872,170 CAD | Lot Size | 0.65 AC |
| Price Per Unit | $179,511 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 | $2,872,170 CAD |
| Price Per Unit | $179,511 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 | $1,238 CAD | 600 - 950 |
| 2+1 | 4 | $1,641 CAD | 1,100 - 1,150 |
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Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 02953-002-0170 | Improvements Assessment | $1,644,402 CAD |
| Land Assessment | $1,245,207 CAD | Total Assessment | $2,889,609 CAD |
Property Taxes
Parcel Number
02953-002-0170
Land Assessment
$1,245,207 CAD
Improvements Assessment
$1,644,402 CAD
Total Assessment
$2,889,609 CAD
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Magnolia Terrace Apartments | 219 W Magnolia Ave
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