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124 E Ashby Pl

San Antonio, TX 78212
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Bed 0

Bed

Bath 0

Bath

SqFt9,133

Sqft

Acres0.19

Acre(Lot)

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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Detail Ic Property Details

Property Type : Two Story

Price : $1,200,000

AD Id : 75564189

MLS Id : 1943475

Lot Size : 0.19 Acre

Living Area Size : 9,133

Year Built : 1915

County : Bexar

Subdivision: Unknown

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Feature Features

  • Building Information

    Year Built: 1915

  • Lot Information

    Lot Size: 0.1935 Main Square Feet: 9,133
  • Property Information

    SQ ft: 9,133 Subdivision: UNKNOWN

  • Listing Price Information

    Original List Price: $1,200,000

  • Tax Information

    Parcel Number: 017250020120 Taxes: 16717.27

  • School Information

    Elementary School: Hawthorne Junior High School: Hawthorne Academy Senior High School: Edison School District: San Antonio I.S.D.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1035 Shook, San Antonio, TX, 78212 $630,000 -- -- 2,947 2,947 SqFt
309 E Lullwood Ave, San Antonio, TX, 78212 $450,000 -- -- 2,186 2,186 SqFt
430 E Magnolia Ave, San Antonio, TX, 78212 $345,000 -- -- 1,158 1,158 SqFt
814 W Magnolia, San Antonio, TX, 78212 $299,000 -- -- 1,525 1,525 SqFt
707 W Craig, San Antonio, TX, 78212 $385,000 -- -- 1,754 1,754 SqFt
614 E Mulberry, San Antonio, TX, 78212 $639,000 -- -- 1,911 1,911 SqFt
311 E Rosewood, San Antonio, TX, 78212 $649,000 -- -- 3,108 3,108 SqFt
230 Mulberry, San Antonio, TX, 78212 $675,000 -- -- 3,264 3,264 SqFt
3221 N Flores, San Antonio, TX, 78212 $950,000 -- -- 4,039 4,039 SqFt
616 W Agarita, San Antonio, TX, 78212 $325,000 -- -- 1,350 1,350 SqFt

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of SABOR MLS. Real estate listings held by brokerage firms other than Byowner are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2026 SABOR MLS. All rights reserved.

ByOwner last updated this listing 06/04/2026 @ 08:38

MLS: 1943475 LISTED BY: Shane Neal, eXp Realty 726-245-8941 SOURCE: SABOR - San Antonio

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