$1,200,000

124 E Ashby Pl, San Antonio, TX 78212

  • 9,133 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1915
  • Property Lot Size Icon8,429sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $131/sqft
  • Property List Date Icon Listed 1 month ago

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!

Listing Status:
Active
Date Added:
February 23, 2026
Data Last Updated:
April 21, 2026 at 10:53PM
Listing Office:
eXp Realty : (888) 519-7431
Listing Agent:
Shane Neal : (726) 245-8941
MLS ID:
1943475
  • Flooring: Ceramic TileWoodLaminate
  • A/C: Window/Wall
  • Heating: Floor FurnaceNatural Gas
  • General: WoodSidingPatio SlabCovered PatioDeck/BalconyChain Link FenceStorage Building/ShedHas GuttersMature TreesDetached QuartersAdditional Dwelling
  • School District: San Antonio I.S.D.
  • County: Bexar
  • Zoning: MF-33Ncb 1725 Blk 2 Lot 12017250020120
  • Water: Water SystemSewer System

This listing courtesy of Shane Neal , eXp Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

H

Hawthorne PK-8 Academy

115 W Josephine St, San Antonio, TX, 78212

Grades PK-8

0.64 miles away

H

Hawthorne PK-8 Academy

115 W Josephine St, San Antonio, TX, 78212

Grades PK-8

0.64 miles away

T

Travis Early College High School

1915 N Main Ave, San Antonio, TX, 78212

Grades 9-12

0.14 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.