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    423 W MAGNOLIA AVE San Antonio, TX 78212

    423 W MAGNOLIA AVE, San Antonio, TX, 78212
    $324,950
    For Sale
    $324,950

    MULTI_FAMILY - San Antonio, TX

    Property Size2,125 SF
    Lot Size0.14 Acres
    Price / SF$152.92
    Days on Market71

    Property Features for 423 W MAGNOLIA AVE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Size
    2,125 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Annual Amount
    8070

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Listing agency Houses In San Antonio
    Listed by Angie Borras · License #0449365
    Added: May 14 Checked: Jul 23 at 3:06AM
    MLS# 1966513

    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.

    Local Financial Insights For Multifamily LT 5

    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 $37.0k $17.40
    − Vacancy −$2.0k −$0.96
    EGI $34.9k $16.44
    − OpEx −$10.5k −$4.93
    NOI $24.5k $11.51
    2,125 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $349.4K
    $305.7K – $407.7K (±1% cap)
    NOI $24,459 @ 7.0% cap · market cap 7.53%
    Second Best
    Apartment 5plus
    $310.1K
    $271.3K – $361.8K (±1% cap)
    NOI $21,706 @ 7.0% cap · market cap 6.68%
    Theoretical Best
    Office A
    $542.1K
    $474.3K – $632.4K (±1% cap)
    NOI $37,944 @ 7.0% cap · market cap 11.68%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Grocery & Convenience Store Food Market Electrical Service Locksmith Acupuncture (Bike/Boat/Book/etc) Store HVAC Service Butcher Pet Grooming Service Pet Store

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    Where is this triplex located?
    The property is located at 423 W MAGNOLIA AVE San Antonio, TX.
    What is the asking price?
    The asking price for this property is $324,950.
    Contact an agent
    (210) 366-1162
    We can help!
    Contact an agent
    Angie Borras
    Angie Borras
    Real Estate License ID: 0449365
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