About 641 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; 2 vacant units at 631 available for immediate lease-up or redevelopment planning. 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.
Features of 641 E Ashby Pl
| MLS® # | 2005424 |
|---|---|
| Price | $1,500,000 |
| Number Of Units | 7 |
| Square Footage | 6,228 |
| Acres | 0.49 |
| Year Built | 1925 |
| Type | Multi-Family (2-8 Units) |
| Sub-Type | Two Story |
| Status | New |
Community Information
| Address | 641 E Ashby Pl |
|---|---|
| Subdivision | TOBIN HILL |
| City | San Antonio |
| County | Bexar |
| State | TX |
| Zip Code | 78212 |
Multi-Unit Information
| Gross Annual Income | $74,340 |
|---|---|
| Net Operating Income | $48,073 |
| Annual Operating Expense | $26,267 |
| Operating Expense Includes | Taxes |
Unit 1 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $1,295 |
| Occupied | NO |
| Includes | Other |
Unit 2 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Pad, Street |
| Handicap Access | NO |
| Rent | $1,125 |
| Occupied | NO |
| Includes | Not Applicable |
Unit 3 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Pad, Street |
| Handicap Access | NO |
| Rent | $1,345 |
| Occupied | YES |
| Includes | Not Applicable |
Unit 4 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Pad, Street |
| Handicap Access | NO |
| Rent | $1,300 |
| Occupied | YES |
| Includes | Not Applicable |
Unit 5 Information
| Bedrooms | 3 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Pad, Street |
| Handicap Access | NO |
| Rent | $1,495 |
| Occupied | YES |
| Includes | Not Applicable |
Unit 6 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Pad, Street |
| Handicap Access | NO |
| Rent | $1,255 |
| Occupied | YES |
| Includes | Not Applicable |
Unit 7 Information
| Parking Type | Pad, Street |
|---|---|
| Includes | Not Applicable |
Amenities
| Has Pool | No |
|---|
Interior
| Heating | Floor Furnace, Window Unit |
|---|---|
| Cooling | Window/Wall |
| Has Basement | No |
Exterior
| Exterior | Other |
|---|---|
| Exterior Features | Level, Other - See Remarks, Mature Trees |
| Roof | Metal |
| Construction | Pre-Owned |
School Information
| District | San Antonio I.S.D. |
|---|---|
| Elementary | Hawthorne |
| Middle | Haworthne Academy |
| High | Edison |
Additional Information
| Date Listed | July 22nd, 2026 |
|---|---|
| Days on Market | 17 |
| Zoning | MF-33 (631) / R-6 (635, 6 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | 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 |