124 E Ashby Pl, San Antonio, TX 78212
UNKNOWN · Bexar County
Key Facts
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!
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1915
Stories
2
Living Area
9,133 sq ft
Lot Size
0.19 acres
Zoning
MF-33
Days on Market
139
MLS® Listing#
1943475
Property Features
Cooling
Heating
Flooring
Patio
Construction
Roof
Utilities
Schools
- Elementary:
- Hawthorne
- Middle:
- Hawthorne Academy
- High:
- Edison
- District:
- San Antonio I.S.D.
Financial Details
HOA
None
Annual Taxes
$16,717
Parcel Number
017250020120
Directions
Head northwest on US-281 N, Take the Stadium Dr exit toward St. Mary's St, Sharp left onto N St Mary's St, Turn right onto E Ashby Pl
Affordability Calculator
$195,000
Estimated monthly payment
$5,189/mo
Principal $780,000 · Est. interest $1,088,169 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in San Antonio, TX
- $322,003
- Median Listing Price
- 78
- Median Days on Market
- 1,865
- Median Sq Ft
- $167
- Median Price / Sq Ft
- 11,062
- Active Listings
- This home’s price is 203% above the area median.
- Its price per sq ft is 36% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in San Antonio, TX.
Location
- 124 E Ashby Pl, San Antonio, TX 78212
Points of Interest in San Antonio, TX
Showing the San Antonio area map.
Nearby Schools
Travis Early College High School
Secondary School · 0.1 mi away
San Antonio Academy
School · 0.1 mi away
Imelda Davis Early College H S
Secondary School · 0.2 mi away
Keystone School
Secondary · 0.2 mi away
Great Hearts Monte Vista
Elementary · 0.3 mi away
Laurel Heights Weekday School
School · 0.4 mi away
Kriterion A Montessori School
Elementary · 0.4 mi away
Little School of Keystone
School · 0.5 mi away
Monte Vista Montessori School
Elementary · 0.5 mi away
St. Anthony Catholic School
Secondary · 0.5 mi away
Nathaniel Hawthorne Academy
School · 0.6 mi away
Great Hearts Monte Vista North
Secondary · 0.7 mi away
Mark Twain Middle School
School · 0.8 mi away
Positive Solutions Charter
Secondary · 0.9 mi away
Stephen F Austin Academy
School · 1.0 mi away
Central Catholic High School
Secondary · 1.0 mi away
Providence High School
Secondary · 1.0 mi away
Providence Catholic School
Secondary · 1.0 mi away
Najim Campus Center Draught House at Providence Catholic School
School · 1.0 mi away
Fox Tech High School
Secondary · 1.1 mi away
Commute Calculator
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Moving Cost Estimate
EXIT Agents in San Antonio
Listing Courtesy: eXp Realty - (726) 245-8941 shane@nealteam.com
Presented by: Shane Neal