124 Ashby Pl, San Antonio, TX 78212
124 Ashby Pl, San Antonio, TX 78212,Video Tour
124 Ashby Pl, San Antonio, TX 78212
124 Ashby Pl, San Antonio, TX 78212
124 Ashby Pl, San Antonio, TX 78212
124 Ashby Pl, San Antonio, TX 78212
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Michael Lugo

Michael Lugo

+1(210) 289-6293
$ 1,200,000
Est. payment | /mo

12 Beds

8 Baths

9,133 SqFt

Save Virtual Tour
$ 1,200,000
Est. payment | /mo
Save Virtual Tour

12 Beds

8 Baths

9,133 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family (2-8 Units)

Listing Status Active

Purchase Type For Sale

Square Footage 9,133 sqft

Price per Sqft $131

Subdivision Unknown

MLS Listing ID 1943475

Style Two Story

Bedrooms 12

Full Baths 8

Construction Status Pre-Owned

Year Built 1915

Annual Tax Amount $16,717

Lot Size 8,428 Sqft

Property Sub-Type Multi-Family (2-8 Units)

Property 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!

Location

State TX

County Bexar

Area 0900

Zoning MF-33

Direction E

Interior

Heating Floor Furnace

Cooling Window/Wall

Flooring Ceramic Tile, Wood, Laminate

Exterior

Exterior Feature Wood, Siding

Garage Spaces 8.0

Roof Type Composition

Building

Construction Status Pre-Owned

Schools

Elementary Schools Hawthorne

Middle Schools Hawthorne Academy

High Schools Edison

School District San Antonio I.S.D.

Others

Acceptable Financing Conventional, FHA, VA, TX Vet, Cash

Listing Terms Conventional, FHA, VA, TX Vet, Cash

Virtual Tour https://www.zillow.com/view-imx/d0b8bc3f-c7b9-4b1f-8292-9ce1d3685f55?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

LERA MLS - Local Expertise Regional Access / SABOR
Listed by Shane Neal • eXp Realty • (726) 245-8941

Amenities & Attractions

Restaurants
Home Services
Health & Medical
Local Services
Shopping
Recreation
Arts & Entertainment
Food
Beauty
Nightlife
Event Planning & Services
Automotive
Religious Organizations
Financial Services
Professional Services
Travel
Education
Local Media
Local Events & Flavor

  • Burger Boy

    2323 N Saint Marys St, San Antonio, TX 78212

    Fast Food Phone: 210-735-1955

  • La Gloria Ice House

    100 E Grayson St, San Antonio, TX 78215

    Mexican Phone: 210-267-9040

  • Faust Tavern

    517 E Woodlawn, San Antonio, TX 78212

    Cocktail Bars Phone: 210-257-0628

  • Luby’s

    911 North Main Avenue, San Antonio, TX 78212

    American (Traditional) Phone: 210-223-1911

  • Culinaria Burgers, BBQ, and Beer

    200 E Grayson St, San Antonio, TX 78215

    Beer, Wine & Spirits

  • Pup’s Pizza

    1420 Main St, San Antonio, TX 78212

    Pizza

  • Subway

    1621 N Main Ave, San Antonio, TX 78212

    Sandwiches Phone: 210-227-7827

  • Cafe Del Mar

    1022 N Main Ave, San Antonio, TX 78212

    Seafood

  • Candlelight Coffeehouse

    3011 N St Mary's St, San Antonio, TX 78212

    Coffee & Tea Phone: 210-738-0099

  • Vanessa’s Mexican Food

    1621 N Main Ave, San Antonio, TX 78212

    Mexican Phone: 210-277-6373

  • The Sandbar

    200 E Grayson St, San Antonio, TX 78205

    Seafood Phone: 210-212-2221

  • Bill Miller Bar-B-Q

    1004 San Pedro Ave, San Antonio, TX 78212

    Barbeque Phone: 210-226-8422

  • Main Street Pizza & Pasta

    1906 N Main Ave, San Antonio, TX 78212

    Salad Phone: 210-732-8861

  • French Corner

    1303 McCullough Ave, San Antonio, TX 78212

    Phone: 210-224-4545

  • Devil is a Lie BBQ & Catering

    San Antonio, TX 78215

    Barbeque Phone: 210-601-1326

  • Luther’s Cafe

    1422 N Main Ave, San Antonio, TX 78212

    Burgers Phone: 210-223-7727

  • Cullum’s Attagirl

    726 E Mistletoe, San Antonio, TX 78212

    American (Traditional) Phone: 210-437-4263

  • Armadillo’s Texas Style Burgers

    1423 McCullough Ave, San Antonio, TX 78212

    Sports Bars Phone: 210-226-7556

  • Wendy’s

    430 San Pedro Ave, San Antonio, TX 78212

    Burgers Phone: 210-222-0009

  • The Looking Glass

    1710 McCullough Ave, San Antonio, TX 78212

    Cafes Phone: 210-259-6028

  • Knockout

    1420 N Main Ave, San Antonio, TX 78212

    Sports Bars Phone: 210-227-7678

  • Cured

    306 Pearl Pkwy, San Antonio, TX 78215

    Cocktail Bars Phone: 210-314-3929

  • Demo’s Greek Food

    2501 N Saint Marys St, San Antonio, TX 78212

    Greek Phone: 210-732-7777

  • Saigon Express

    1626 McCullough Ave, San Antonio, TX 78212

    Vietnamese Phone: 210-277-1899

  • Mama’s Kitchen

    819 E Elmira St, San Antonio, TX 78212

    Comfort Food Phone: 210-951-1776

  • Limelight

    2718 N Saint Mary's St, San Antonio, TX 78212

    American (New) Phone: 210-735-7775

  • El Milagrito Cafe

    521 E Woodlawn Ave, San Antonio, TX 78212

    Mexican Phone: 210-737-8646

  • Green Vegetarian Cuisine at Pearl Brewery

    200 E Grayson St, Ste 120, San Antonio, TX 78215

    Vegetarian Phone: 210-320-5865

GET MORE INFORMATION

Michael Lugo

Michael Lugo

Agent | License ID: 657886

+1(210) 289-6293

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124 Ashby Pl