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926 Drury Ln
San Antonio, TX 78221
926 & 930 Drury Lane Apartments · Multifamily Property For Sale
·
8 Units
Investment Highlights
- Stabilized, cash-flowing 8-unit apartment community — offered at a 6.5% cap rate
- Strategic proximity to major employment drivers — minutes from Lackland AFB & Port San Antonio
- High-demand unit configuration — all 2 bed / 1 bath units (~816 sqft each)
- Turnkey asset — new roof (Sept. 2025), new boilers, freshly painted exterior & xeriscaped grounds
Executive Summary
926/930 Drury Lane is a stabilized 8-unit apartment community situated on approximately 0.32 acres in San Antonio, TX 78221, offered at an attractive 6.5% cap rate. The property consists of two well-maintained buildings built in 2006, featuring exclusively 2-bedroom/1-bathroom units with approximately 816 square feet per unit and 6,528 square feet of total rentable area.
The asset is in exceptional condition, featuring a brand-new Owens Corning algae-resistant laminate architectural composite shingle roof (September 2025), new water heaters in select units, a freshly painted exterior (September 2025), and professionally xeriscaped grounds requiring virtually zero lawn maintenance. Each unit is separately metered for electric and water and includes an individual central HVAC system.
Strategically located minutes from Lackland AFB, Port San Antonio, Palo Alto College, and Texas A&M San Antonio, the property benefits from strong, diverse rental demand within one of San Antonio’s most active employment corridors.
The asset is in exceptional condition, featuring a brand-new Owens Corning algae-resistant laminate architectural composite shingle roof (September 2025), new water heaters in select units, a freshly painted exterior (September 2025), and professionally xeriscaped grounds requiring virtually zero lawn maintenance. Each unit is separately metered for electric and water and includes an individual central HVAC system.
Strategically located minutes from Lackland AFB, Port San Antonio, Palo Alto College, and Texas A&M San Antonio, the property benefits from strong, diverse rental demand within one of San Antonio’s most active employment corridors.
Property Facts
| Price Per Unit | $208,539 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 6.50% | Building Size | 6,528 SF |
| Gross Rent Multiplier | 12.55 | Average Occupancy | 88% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 2006/2025 |
| Property Subtype | Apartment | Parking Ratio | 2.45/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | MF-33 - multifamily | ||
| Price Per Unit | $208,539 CAD |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Gross Rent Multiplier | 12.55 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.32 AC |
| Building Size | 6,528 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built/Renovated | 2006/2025 |
| Parking Ratio | 2.45/1,000 SF |
| Zoning | MF-33 - multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Ceiling Fans
- Refrigerator
- Oven
- Sprinkler System
- Tub/Shower
- Double Pane Windows
- Handrails
- Vinyl Flooring
- Window Coverings
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | $1,348 CAD | 816 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $930,556 CAD | |
| Land Assessment | $146,151 CAD | Total Assessment | $1,076,707 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$146,151 CAD
Improvements Assessment
$930,556 CAD
Total Assessment
$1,076,707 CAD
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