About 204 Florida
A rare multifamily opportunity in the Lavaca Historic District and Southtown corridor, the Florida Street Apartments are one of the few MF properties retaining the in-demand historic architectural detailing of the Lavaca and King William neighborhoods. Rear duplex unit has recently been sold, the main building is remaining with 5 units total, all vacated and refreshed. Ready for re-tenanting, additional value-add improvements or full or partial conversion to owner occupancy. 5 Units in the main bldg, built 1929. Total building 4,455 SF on .267 acres of land, currently being replatted. $57,465 Annual Pro-Forma NOI. LOCATION: 204 Florida St and 910 Labor St, just west of the Florida/Carolina diamond interchange at I-37, and just off S. Presa in the Lavaca Historic District. Surrounded by iconic historic single family homes and top-of-the-market new construction townhomes, the Florida Street Apartments are walkable to all the famous restaurants of Southtown and downtown, and to the Mission Reach of the San Antonio River Hike & Bike Trail. This is a rapidly appreciating location with over 12,000 employees within a 1 mile radius.
Features of 204 Florida
| MLS® # | 2019597 |
|---|---|
| Price | $800,000 |
| Number Of Units | 5 |
| Square Footage | 6,159 |
| Acres | 0.34 |
| Year Built | 1929 |
| Type | Multi-Family (2-8 Units) |
| Sub-Type | Two Story |
| Status | New |
Community Information
| Address | 204 Florida |
|---|---|
| Subdivision | Lavaca |
| City | San Antonio |
| County | Bexar |
| State | TX |
| Zip Code | 78210 |
Multi-Unit Information
| Gross Annual Income | $88,440 |
|---|---|
| Net Operating Income | $57,465 |
| Annual Operating Expense | $30,975 |
| Operating Expense Includes | Taxes, Insurance, Maintenance, Management, Services, Reserves |
Unit 1 Information
| Bedrooms | 3 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 2 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $1,975 |
| Occupied | NO |
| Includes | Oven/Stove, Refrigerator |
Unit 2 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $1,400 |
| Occupied | NO |
| Includes | Oven/Stove, Refrigerator |
Unit 3 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $1,465 |
| Occupied | NO |
| Includes | Refrigerator, Oven/Stove |
Unit 4 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $1,065 |
| Occupied | NO |
| Includes | Oven/Stove, Refrigerator |
Unit 5 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 2 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $1,465 |
| Occupied | NO |
| Includes | Oven/Stove, Refrigerator |
Amenities
| Has Pool | Yes |
|---|
Interior
| Heating | Other, Window Unit |
|---|---|
| Cooling | Window/Wall |
| Has Basement | No |
Exterior
| Exterior | Wood |
|---|---|
| Exterior Features | Mature Trees, Cable TV Available, Has Gutters, Neighborhood Pool, Park/Playground |
| Roof | Metal |
School Information
| District | San Antonio I.S.D. |
|---|---|
| Elementary | Bonham |
| Middle | Burnet |
| High | Brackenridge |
Additional Information
| Date Listed | September 25th, 2026 |
|---|---|
| Days on Market | 2 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 7.18 |
| Gross Rent Multiplier | 9.05 |
| Estimated Taxes | $1,639,657 |
Listing Details
| Agent | Eric Salinas |
|---|---|
| Office | Real Broker, LLC |
| Contact Info | (210) 636-0332 |