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Multifamily · 4,600 SF · 100.0% occupied

Fourplex with stabilized rent roll

San Antonio, TX

Price

$815,000

Cap rate

6.1%

Listed by

Alamo Income Realty · Agent

Status

Available · 34 days

First look

Why did this opportunity deserve a deeper look?

Asking: $815K; Listing
Cap rate: 6.1%; Listing
Tenancy: Average tenure 2.7 years; Listing
Value-add: Unit 3 below market by ~$240 / mo; Listing
Metering: Separately metered electric; Listing

Lorthen Intelligence

The listing tells you what it is. Intelligence helps you understand what it means.

Asset type: Multifamily · Multifamily · four units; Listing
Building: 4,600 SF on 0.3 AC; Listing
Tenancy: Multi-tenant · 100.0% occupied; Listing
Lease structure: Gross; Listing
Term / WALT: Unit 3 below market by ~$240 / mo; Listing
Landlord obligations: Confirm structure and reserves in the lease; Listing

Occupancy and structure are stated by the seller; the rent roll and leases govern.

The Lorthen View

The asset is offered at a stated 6.1% cap on $49,700 of NOI with 100.0% occupancy under Gross structure. The reference band is medical-corridor fourplexes traded at 5.8–6.4% cap last year; income durability rather than headline cap decides the outcome.

What stands out

Stated cap sits against the referenced band
Income durability depends on term and credit

What deserves attention

Structure shifts operating exposure to the tenant
Stated NOI is unverified

What is still missing

Tax record — requested
Rent roll — requested
Leases — requested
Financial statements — requested
Estoppel certificates — not provided

Missing information does not make an asset weaker. It marks what a serious buyer may want to investigate.

Demo · fixture evidence. No CORE service, valuation model or public-record feed is connected.

Market context & comparables

A reference is a starting point, not a valuation. Comparable quality — size, condition, structure and timing — decides what the difference means.

This asset

6.1% cap

Local reference

5.8–6.4%

San Antonio · same structure
5.7% cap
Gross · Multi-tenant
Closed, 6 mo ago
San Antonio · shorter term
6.6% cap
Gross · regional tenant
Closed, 9 mo ago
Corridor · multi-tenant
7.0% cap
NNN · rollover within 3 yrs
Closed, 12 mo ago

Days on market: 34; Listing
Listing history: One price adjustment recorded; Listing
Reference: Medical-corridor fourplexes traded at 5.8–6.4% cap last year; Market data
Assessment context: $717K (2025 fixture); Public record

Location intelligence

Approximate position shown at listing-party permission

Map metric

Submarket: San Antonio, TX; Listing
Access: Municipal street network; Listing
Corridor: Medical-corridor fourplexes traded at 5.8–6.4% cap last year; Market reference
Parcel: Point placement only; Lorthen

Nearby context

—Grocery anchor
—Traffic count node
—Competing centre
—Highway interchange

Demo · fixture geography. No parcel, GIS, school or amenity service is connected.

Property & asset detail

Essentials first. Expand a group when a question requires the deeper record.

Asset facts

Asset type: Multifamily; Listing
Status: Available; Listing
Building size: 4,600 SF; Listing
Parcel: 0.3 AC; Public record
Occupancy: 100.0%; Listing
Lease structure: Gross; Listing

History & provenance

Jul 2026Listed on Lorthen Markets · $815,000Listing
Jul 2026Price adjustment · $856K → $815KListing
2025Assessment · $717K (fixture)Public record
2021Previous transaction · $603KPublic record

Documents & diligence status

Documentation adapts to the asset class. Each item records its state, where it comes from and which part of diligence it informs.

Property details
Available
Listing record as published
Listing party · Aug 2026 · Asset record
Tax record
Requested
County record not attached to the fixture
County / municipal · On request · Public record
Offering memorandum
Available
Prepared by the listing party
Listing party · Aug 2026 · Economics
Rent roll
Requested
Released with a confidentiality agreement
Listing party · On request · Lease & income
Leases
Requested
Full executed leases and amendments
Listing party · On request · Lease & income
Financial statements
Requested
Trailing operating statements
Listing party · On request · Economics
Site plan
Available
Included with the offering materials
Listing party · Aug 2026 · Asset record
Estoppel certificates
Not provided
Ordered during contract
— · — · Lease & income

Document contents are not read or extracted in this prototype. The structure supports future extraction without changing the surface.

Known · missing · needs verification

Property factsKnown
Asset record
Comparable contextKnown
Market
Tax historyNeeds verification
Public record
Property detailsAvailable
Asset record
Tax recordRequested
Public record
Offering memorandumAvailable
Economics
Rent rollRequested
Lease & income
LeasesRequested
Lease & income
Financial statementsRequested
Economics
Site planAvailable
Asset record
Estoppel certificatesNot provided
Lease & income
Lease abstractRequested
Lease & income
Tenant guaranteeNeeds verification
Credit

Nothing here is weighted, ranked or completed on your behalf. Missing information does not make an asset weaker — it marks what is worth investigating.

Questions worth answering

What the available evidence suggests a serious buyer should investigate before committing time or capital to this commercial opportunity.

Demo · fixture questions. Not generated from live intelligence.

01
How durable is the current NOI?
Stated NOI is a listing figure until statements and the rent roll confirm it.
Income
02
What happens to the economics at lease rollover?
Remaining term and escalations decide what the buyer actually owns.
Lease
03
Who guarantees the lease?
A corporate guarantee and a franchisee guarantee are different assets.
Credit
04
What capital obligations remain with the landlord?
Structure determines whether roof, structure and parking sit with the buyer.
Obligations
05
What is the underlying real estate worth if the tenant leaves?
Tenant quality and real-estate quality must be investigated separately.
Real estate

Who is offering this

Agent

Alamo Income Realty

Represented listing. Alamo Income Realty coordinates diligence materials.

Typical response · Typically responds within one business day (fixture)

Seller identity, representation and response behaviour are fixture values shown to demonstrate the disclosure surface. No contact channel is connected.