124 E Ashby Pl, San Antonio, TX 78212
Local realty services provided by:Better Homes and Gardens Real Estate Winans
Listed by: shane neal
Office: exp realty
MLS#:1943475
Source:LERA
Price summary
- Price:$975,000
- Price per sq. ft.:$106.76
About this home
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!...
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Home facts
- Year built:1915
- Listing ID #:1943475
- Added:135 day(s) ago
- Updated:July 09, 2026 at 01:41 PM
Rooms and interior
- Flooring:Ceramic Tile, Laminate, Wood
- Living area:9,133 sq. ft.
Heating and cooling
- Cooling:Window/Wall
- Heating:Natural Gas
Structure and exterior
- Roof:Composition
- Year built:1915
- Building area:9,133 sq. ft.
- Lot area:0.19 Acres
- Construction Materials:Siding, Wood
- Exterior Features:Cable TV Available, Covered Patio, Detached Quarters, Has Gutters, Mature Trees, Patio Slab
Schools
- High school:Edison
- Middle school:Hawthorne Academy
- Elementary school:Hawthorne
Finances and disclosures
- Price:$975,000
- Price per sq. ft.:$106.76
- Tax amount:$16,717
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