124 E Ashby Pl, San Antonio, TX

Real Estate

For Sale

Listed price in listed location currency (USD).

$1,200,000

000

MLS® 1943475

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size 9133 sqft

Garage No

Taxes $16,717

Days Active 1

Lot Size 0.1935 acres

Approx. Age 1915

Avg. Price Per Sqft $131

MLS® Number 1943475

Property Address: 124 E Ashby Pl, San Antonio, TX, 78212-5870

Average square foot calculated using Size range provided by listing agent.

Description

Welcome to 124 E Ashby - a rare historic 8-unit multifamily property located in the heart of Tobin Hill, one of Downtown San Antonio's most walkable and desirable neighborhoods. Originally a grand historic mansion, this architecturally distinctive property features hardwood floors, soaring ceilings, arched doorways, oversized windows, and spacious layouts - each unit offering its own unique character and charm. This is not a commodity apartment complex - it's a boutique historic asset with irreplaceable architectural appeal. Current rents are potentially under market, presenting a compelling value-add opportunity for investors seeking long-term upside. With 75% occupancy and immediate leasing potential on remaining units, there is a clear path toward stabilization and improved cash flow. A stabilized pro forma supports a 5% cap scenario, offering investors the opportunity to increase rents to market levels while benefiting from one of San Antonio's strongest rental corridors. Located just steps from St. Mary's Strip, residents enjoy walkable access to nightlife, restaurants, and entertainment. The property is also minutes from The Pearl, San Antonio College, and Downtown. This drives consistent tenant demand and long-term appreciation potential. This is a location-driven investment with built-in rental growth opportunity in a neighborhood where historic character and walkability command premium interest. 124 E Ashby is ideal for investors looking to reposition a unique historic asset in a high-growth urban submarket - not just another multifamily property, but a long-term hold with upside!

MLS® Number1943475

Laundry Level

Central VacNo

FireplaceNo

Acreage0.1935

Exterior

GarageNo

Approx. Age1915

Basement

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Feb 23, 2026List Date

$1,200,000List Price

Map

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