San Antonio Multi-Family
123 W Mitchell, San Antonio, TX 78204
MULTI_FAMILY - San Antonio, TX
Property size:
1,400 SFLot size:
0.12 AcresPrice / SF:
$182/SF- Added:
- May 15, 2026
- Days on Market:
- 20
- Last Refresh:
- Jun 3 at 3:06 am
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 agent Grace Avila (210) 867-7700
Listing office Vortex Realty 2241 NW Military Hwy Ste 302, San Antonio, TX (210) 647-6557
Listing date May 15, 2026
MLS# 1943356
Listing URL
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.
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.
- Opportunity to purchase as a bundle with the adjacent property at 121 W Mitchell (MLS 1943357).
- Located in a highly desirable area.
- Built in 1946.
Overview
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.
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 Profile
Location Intelligence
Current Use by Public Records
Single family properties
Location Insight
- Map
- Local Demand
- City
- San Antonio
- County
- Comal
- State
- Texas
- Longitude
- -98.495402
- Latitude
- 29.393545
Nearby Similar for Sale
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.
