Renovated Duplex with Modern
For Sale
$369,000
210 Wilkens Ave, San Antonio, TX 78210
Multi-Family (2-8 Units), San Antonio, TX
Property Size2,185 SF
Lot Size0.11 Acres
Price / SF$168.88
Days on Market105
Property Features for 210 Wilkens Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Elementary school
Green
Middle school
Poe
High school
Brackenridge
Elementary school district
San Antonio I.S.D.
Middle school district
San Antonio I.S.D.
High school district
San Antonio I.S.D.
Subdivision
1100
Standard status
Active
Size
2,185 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
9110
Utilities
Cooling system
Central Air
Building Details
Year built
1910
Listing Agency:
Keller Williams Legacy · Keller Williams Realty
(210) 482-3200
Listed By:
Kristen Schramme · License #568432
(210) 482-9094
Added: Jun 2
Changed: Aug 20
Last Checked: Sep 14 at 7:06AM
MLS# 1888872
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 duplex contains 2,185 square feet and was built in 1910. Recent improvements include new flooring, remodeled bathrooms, updated cabinetry, granite countertops, upgraded AC units, and a newer roof. A wrought iron fence adds a defined exterior boundary and additional security.
The property is located near Lone Star Brewery, Roosevelt Park, the Art Complex, and the King William District. The Riverwalk, Hemisfair Park, La Villita, and downtown San Antonio are also described as being just minutes away.
With two residential units and refreshed building systems and finishes, the property offers a flexible configuration for an owner occupant or rental use, as supported by the duplex layout.
The property is located near Lone Star Brewery, Roosevelt Park, the Art Complex, and the King William District. The Riverwalk, Hemisfair Park, La Villita, and downtown San Antonio are also described as being just minutes away.
With two residential units and refreshed building systems and finishes, the property offers a flexible configuration for an owner occupant or rental use, as supported by the duplex layout.
Key Highlights
- 2,185‑square‑foot duplex built in 1910
- Recent renovations include flooring, bathrooms, cabinets, countertops, AC units, and roof
- Two‑unit configuration supports owner‑occupancy or rental use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,150
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$503,000
$503.0K
Cap Rate 7%
$359,286
$359.3K
Cap Rate 9%
$279,444
$279.4K
Market Conditions
NOI Build-Up for 2,185 SF
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.
Gross rent
$38.0K $17.40/SF
− Vacancy
−$2.1K −$0.96/SF
EGI
$35.9K $16.44/SF
− OpEx
−$10.8K −$4.93/SF
NOI
$25.1K $11.51/SF
Area
San Antonio, TX
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$503,000
Cap Rate 7%
$359,286
Cap Rate 9%
$279,444
Alternative Uses
Best Use
Multifamily LT 5
$359.3K
$314.4K – $419.2K
NOI $25,150 @ 7.0% cap · market cap 6.82%
Second Best
Apartment 5plus
$318.8K
$279.0K – $372.0K
NOI $22,319 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$557.4K
$487.7K – $650.3K
NOI $39,015 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
556
Businesses Nearby
Explore this area
Business Placement
Demographics for 78210, TX
33,010
Population
14,410
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
76%
High-School Grad
7.3 sq mi
ZIP Area
4,522
Density / Sq Mi
$51,990
Median Household Income
$33,271
Median Earnings
$1,119
Median Rent
$172,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property offers updated interiors, central air, and a newer roof.
Where is this duplex located?
The property is located at 210 Wilkens Ave San Antonio, TX.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: 2,185‑square‑foot duplex built in 1910; Recent renovations include flooring, bathrooms, cabinets, countertops, AC units, and roof; Two‑unit configuration supports owner‑occupancy or rental use
