23
Map
123 Gray Street
About This Property
The real value is the spacious 7,600 sq ft lot and its development potential. Currently zoned R6, the property allows for the possibility of adding an ADU, creating an opportunity for additional rental income or multigenerational living. The zoning may also present the potential to rezone to R2 to allow for duplex development, making this an attractive option for investors looking to maximize land use.
Located near Government Hill and minutes from Downtown San Antonio, The Pearl, Fort Sam Houston, and other military bases.
Easy access to I-35, Hwy 281, I-10, and Loop 410.
Owner to owner sale available with as little as 10 percent down.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 23, 2026 | Price Decreased |
$85,000
↓ $14K
(14.1%) | |
| Price Decreased | |||
| Jul 4, 2026 | Relisted | $98,999 | |
| Relisted | |||
| Apr 10, 2026 | In contract | - | |
| In contract | |||
| Mar 9, 2026 | Listed by Home Pros Real Estate Group | $98,999 | |
| Listed by Home Pros Real Estate Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017