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631, 635 & 641 Ashby 3 Land Properties Offered at $2,112,735 CAD in San Antonio, TX
Investment Highlights
- 71% occupied generating $6195/Mo. gross rent with potential to $8,615/month or more.
- Supports a straightforward rezoning path to MF-33 across the full assemblage.
- New apartment rents average $2.40 - $2.60/SF in the walkable footprint of Historic Pearl with higher premiums immediately adjacent.
- 0.493 total acres (21,490 SF) across three contiguous parcels on E Ashby Place.
- Estimated redevelopment potential of approximately 14–15 multi-family units at full build-out under MF-33 zoning.
- Offered at $1,500,000 for the full three-parcel assemblage.
Executive Summary
631, 635 & 641 Ashby Place present a rare 0.493-acre assemblage in San Antonio's Tobin Hill North neighborhood — offered at $1,500,000 for three contiguous parcels. The portfolio delivers in-place rental income of up to seven units today while positioning the site for future multi-family redevelopment along the growth corridor toward the Pearl District.
Priced at the site's underlying land value, the offering provides in-place income while pursuing entitlement and redevelopment planning, where current rent effectively carries the asset at little to no premium over the land itself.
The seller will not sell the parcels individually. Assembled together, the site offers a rezoning-ready path to significantly higher density than what exists today.
Priced at the site's underlying land value, the offering provides in-place income while pursuing entitlement and redevelopment planning, where current rent effectively carries the asset at little to no premium over the land itself.
The seller will not sell the parcels individually. Assembled together, the site offers a rezoning-ready path to significantly higher density than what exists today.
Property Facts
| Price | $2,112,735 CAD | Number of Properties | 3 |
| Sale Type | Investment or Owner User | Individually For Sale | 0 |
| Status | Active | Total Land Area | 0.49 AC |
| Price | $2,112,735 CAD |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Land Area | 0.49 AC |
Properties
| Property Name / Address | Property Type | Size | Individual Price |
|---|---|---|---|
|
Multi-Family Fourplex
631 E Ashby Pl, San Antonio, TX 78212 |
Land | 0.19 AC | - |
|
Single Family
635 E Ashby Pl, San Antonio, TX 78212 |
Land | 0.15 AC | - |
|
Multi-Family Duplex
641-643 E Ashby Pl, San Antonio, TX 78212 |
Land | 0.15 AC | - |
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631, 635 & 641 Ashby
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