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602 Chauncey Dr - 602 Chauncey Dr 6 Unit Apartment Building Offered at $1,025,006 CAD at a 5.38% Cap Rate San Antonio, TX 78216
Investment Highlights
- 6-unit multifamily investment opportunity
- Two buildings totaling approximately 6,432 SF
- Separate electric meters and shared laundry facility
- North Central San Antonio location
- Five 2BR/2BA units and one 1BR/1BA unit
- Value-add upside through RUBS and rent growth
Executive Summary
602 Chauncey is a 6-unit multifamily investment opportunity located in North Central San Antonio. Zoned MF-33 and built in 1982, the property consists of two buildings totaling approximately 6,432 SF, with Building 1 at approximately 4,200 SF and Building 2 at approximately 2,232 SF. The unit mix includes five 2-bedroom/2-bath units and one 1-bedroom/1-bath unit. The property benefits from long-term tenants, separate electric meters, a large shared tenant storage room, and an on-site utility/laundry room with several coin-operated washers and dryers. Landlord currently pays water, creating potential future upside through RUBS implementation at lease renewal. Reported 2025 NOI is $40,271.85 with additional upside potential through rent growth, utility reimbursement, laundry income, and operational improvements. This asset offers investors a stabilized multifamily property with value-add potential in an established San Antonio rental submarket. Marketing package available upon request.
Property Facts
| Price | $1,025,006 CAD | Lot Size | 0.30 AC |
| Price Per Unit | $170,834 CAD | Building Size | 6,432 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 5.38% | No. Stories | 2 |
| No. Units | 6 | Year Built | 1982 |
| Property Type | Multifamily | Parking Ratio | 2.18/1,000 SF |
| Zoning | MF-33 - Multi Family Zoning | ||
| Price | $1,025,006 CAD |
| Price Per Unit | $170,834 CAD |
| Sale Type | Investment |
| Cap Rate | 5.38% |
| No. Units | 6 |
| Property Type | Multifamily |
| Lot Size | 0.30 AC |
| Building Size | 6,432 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1982 |
| Parking Ratio | 2.18/1,000 SF |
| Zoning | MF-33 - Multi Family Zoning |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Tub/Shower
- Wi-Fi
- Yard
- Pantry
- Patio
- Porch
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 5 | $1,368 CAD | - |
| 1+1 | 1 | $1,232 CAD | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 13933-004-0090 | Improvements Assessment | $557,445 CAD |
| Land Assessment | $263,655 CAD | Total Assessment | $821,100 CAD |
Property Taxes
Parcel Number
13933-004-0090
Land Assessment
$263,655 CAD
Improvements Assessment
$557,445 CAD
Total Assessment
$821,100 CAD
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602 Chauncey Dr - 602 Chauncey Dr
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