San Antonio Multi-Family
123 W Mitchell San Antonio, TX 78204
123 W Mitchell, San Antonio, TX, 78204
$255,000
For Sale
$255,000
MULTI_FAMILY - San Antonio, TX
Property Size1,400 SF
Lot Size0.12 Acres
Price / SF$182.14
Days on Market69
Property Features for 123 W Mitchell
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Standard status
- Active
- Size
- 1,400 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3779
Building Details
- Year built
- 1946
Listing agency
Vortex Realty
(210) 647-6557
Listed by
Grace Avila
(210) 867-7700
Added: May 15 Checked: Jul 22 at 3:06PM
MLS# 1943356
Copyright © 2026 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multi-family property, with a size of 1400 square feet, is located in San Antonio, Texas. The property has a lot size of 0.115 acres. Situated across the street from Confluence Park and feet away from the San Antonio River and bike trails, it also offers proximity to The Historic San Antonio Missions, the LoneStar/BlueStar areas, South Town, and the Pearl. The property is zoned R4 and is suitable for use as a rental property.
Key Highlights
- Prime location directly across from Confluence Park and near the San Antonio River/bike trails.
- Close proximity to key attractions: The Historic San Antonio Missions, LoneStar/BlueStar areas, South Town, and the Pearl.
- Potential for rental income or owner‑occupancy.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.7k | $19.80 |
| − Vacancy | −$1.7k | −$1.23 |
| EGI | $26.0k | $18.57 |
| − OpEx | −$11.7k | −$8.36 |
| NOI | $14.3k | $10.21 |
1,400 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$204.3K
$178.8K – $238.4K
NOI $14,301 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$357.1K
$312.5K – $416.6K
NOI $24,998 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Multi-family property near Confluence Park and San Antonio River.
Where is this single family property located?
The property is located at 123 W Mitchell San Antonio, TX.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Prime location directly across from Confluence Park and near the San Antonio River/bike trails.; Close proximity to key attractions: The Historic San Antonio Missions, LoneStar/BlueStar areas, South Town, and the Pearl.; Potential for rental income or owner‑occupancy.
