As-Is Multifamily Income
221 Leigh San Antonio, TX 78210
221 Leigh, San Antonio, TX, 78210
$329,000
For Sale
$329,000
MULTI_FAMILY - San Antonio, TX
Property Size1,596 SF
Lot Size0.12 Acres
Price / SF$206.14
Days on Market29
Property Features for 221 Leigh
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 1,596 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7935
Building Details
- Year built
- 1907
Listing agency
Mission Real Estate Group
(210) 690-0050
Listed by
Cynthia Vasquez
(210) 833-8137
Added: Jun 25 Updated: Jul 22 at 1:56PM Checked: Jul 23 at 4:06AM
MLS# 1957796
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.
Offered for sale as an as-is multifamily income property at 221 Leigh in San Antonio, Texas. The property has an overall size of 1,596 square feet and sits on a 0.115-acre lot. The seller is marketing the asset with renovation flexibility, including the potential to rework the property into a single-family home or an income-producing duplex.
This listing is located in the 78210 ZIP code within Bexar County. The property is being sold as-is, which makes it best suited for buyers prepared for renovation and reconfiguration based on their plans.
For additional due diligence, buyers and brokers should verify the property’s current condition and any renovation scope or reconfiguration considerations directly with the appropriate local authorities.
This listing is located in the 78210 ZIP code within Bexar County. The property is being sold as-is, which makes it best suited for buyers prepared for renovation and reconfiguration based on their plans.
For additional due diligence, buyers and brokers should verify the property’s current condition and any renovation scope or reconfiguration considerations directly with the appropriate local authorities.
Key Highlights
- Prime investment opportunity in the sought‑after Lavaca neighborhood.
- Potential to renovate into a single‑family home or income‑producing duplex.
- Close proximity to downtown, the River Walk, and major attractions.
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 | $31.6k | $19.80 |
| − Vacancy | −$2.0k | −$1.23 |
| EGI | $29.6k | $18.57 |
| − OpEx | −$13.3k | −$8.36 |
| NOI | $16.3k | $10.21 |
1,596 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$232.9K
$203.8K – $271.7K
NOI $16,303 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$407.1K
$356.2K – $475.0K
NOI $28,498 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - As-is multifamily income property with 1,596 SF on a 0.115-acre lot in San Antonio.
Where is this multifamily property located?
The property is located at 221 Leigh San Antonio, TX.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Prime investment opportunity in the sought‑after Lavaca neighborhood.; Potential to renovate into a single‑family home or income‑producing duplex.; **Close proximity to downtown, the River Walk, and major attractions.**
