About 631 E Ashby Pl
PORTFOLIO SALE: Covered play - for multi-family redevelopment. 0.493-acre, 3-parcel assemblage in Tobin Hill North near N. St. Mary's St, on the growth path toward the Pearl. 5 of 7 units currently occupied, $74,340/yr in-place gross rent with potential to $103,380/yr at full occupancy. 631 zoned MF-33; 635 & 641/643 zoned R-6 with an established duplex use supporting rezoning. Est. redevelopment potential of 14-15 units at full build-out (buyer to verify with the City). Seller will not divide parcels. $1,500,000 for the full assemblage - priced near land value. Also listed as Commercial Improved (631 Ashby) and on CoStar and Crexi.
Features of 631 E Ashby Pl
| MLS® # | 2004879 |
|---|---|
| Price | $1,500,000 |
| Number Of Units | 7 |
| Square Footage | 6,228 |
| Acres | 0.49 |
| Year Built | 1960 |
| Type | Commercial |
| Sub-Type | Apartments |
| Status | New |
Community Information
| Address | 631 E Ashby Pl |
|---|---|
| City | San Antonio |
| County | Bexar |
| State | TX |
| Zip Code | 78212 |
Multi-Unit Information
| Gross Income | $74,340 |
|---|---|
| Net Operating Income | $48,073 |
Amenities
| Utilities | Electricity, Gas, Water, Sewer |
|---|---|
| Parking Spaces | 7 |
Interior
| Heating | Floor Furnace, Window Unit |
|---|---|
| Cooling | Wall, Window |
| # of Stories | 2.0 |
| Stories | 2 |
Exterior
| Roof | Metal |
|---|---|
| Construction | Other |
School Information
| District | San Antonio I.S.D. |
|---|
Additional Information
| Date Listed | July 31st, 2026 |
|---|---|
| Days on Market | 8 |
| Zoning | MF-33 (631) / R-6 (635, 6 |
| Short Sale | No |
| Cap Rate | 3.20 |
| Gross Rent Multiplier | 20.18 |
| Estimated Taxes | $26,267 |
Listing Details
| Agent | David Abrahams |
|---|---|
| Office | Phyllis Browning Company |
| Contact Info | (253) 310-1973 |