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PA-TBUPH
MULTIFAMILY
FOR SALE

926/930 Drury Ln

926 Drury Ln, San Antonio, TX, 78221

Listed by URIAH Real Estate Organization

ASKING
$1.20M
6.50% CAP
Pedro Armando
— LISTING ADVISOR
Pedro Armando
Principal · PA Real Estate
TYPE
Multifamily
TRANSACTION
For Sale
SUB TYPE
Apartment Building
UNITS
2
CAP RATE
6.50%
NOI
$77,999
OCCUPANCY
100%
SQUARE FOOTAGE
6,528
NET RENTABLE
6,528
YEAR BUILT
2006
BUILDINGS
2
STORIES
2
ACREAGE
0.32
ZONING
MF-33
PRICE / UNIT
$599,994.50
PRICE / SQFT
$183.82

Asset summary.

PA-TBUPH

926/930 Drury Lane is a stabilized 8-unit apartment community situated on approximately 0.32± acres in San Antonio, TX 78221, offered at an attractive 6.5% cap rate. The property consists of two well-maintained buildings built in 2006, featuring exclusively 2-bedroom/1-bathroom units with approximately 816 square feet per unit and 6,528± square feet of total rentable area. The asset is in exceptional condition, featuring a brand-new Owens Corning algae-resistant laminate architectural composite shingle roof (September 2025), new water heaters in select units, a freshly painted exterior (September 2025), and professionally xeriscaped grounds requiring virtually zero lawn maintenance. Each unit is separately metered for electric and water and includes an individual central HVAC system. Strategically located minutes from Lackland AFB, Port San Antonio, Palo Alto College, and Texas A&M San Antonio, the property benefits from strong, diverse rental demand within one of San Antonio’s most active employment corridors.

01Stabilized, cash-flowing 8-unit multifamily property with 100% occupancy
02All units feature a desirable 2-bedroom, 1-bath layout
03Several long-term tenants with strong rental history
04Current rents range from $900 to $950 per month
05Individually metered units with in-unit washers and dryers
06Two-building layout with approximately 816 SF per unit
07Near Lackland AFB, Port San Antonio and major employment centers
08Fresh exterior paint with a new roof scheduled for September 2026
09Potential future upside through rent growth

Year-one numbers.

Underwritten from rent roll and trailing 12 operating statements. Full T-12, rent roll, and PSA available in data room.

GROSS SCHEDULED RENT$97,499
OPERATING EXPENSES($19,500)
NET OPERATING INCOME$77,999
ASKING PRICE$1.20M
CAP RATE6.50%

926 Drury Ln, San Antonio, TX, 78221

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