Three-Unit Townhome
For Sale
$649,900
726 ARTHUR ST, San Antonio, TX 78202
Multi-Family (2-8 Units), San Antonio, TX
Property Size4,491 SF
Lot Size0.09 Acres
Price / SF$144.71
Days on Market61
Property Features for 726 ARTHUR ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
MF-33
Elementary school
Call District
Middle school
Call District
High school
Call District
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
1200
Standard status
Active
Size
4,491 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
9643
Amenities
central air conditioning
private fenced backyards
xeriscaping
Building Details
Year built
2026
Listing Agency:
M. Stagers Realty Partners
(210) 305-5665
Listed By:
Melissa Stagers
(210) 483-6400
Added: Jul 10
Changed: Aug 19
Last Checked: Sep 8 at 3:06PM
MLS# 1999186
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 MF-33 triplex contains three separate, three-story townhome residences totaling 4,491 square feet. Each home has four bedrooms, bathrooms on every level, a private fenced backyard, wide-plank LVP flooring, quartz countertops, central air conditioning, fire sprinklers, and stainless steel appliances. The top-floor bedroom can also serve as an office, sitting room, or expanded closet. One residence is leased through June 2027, while the other two are available for leasing or owner occupancy. Separate water and electric meters serve each unit, and xeriscaping supports the property’s utility configuration.
The property is located directly across from a park and playground and is within walking distance of the Spurs arena. Downtown access is available, with Fort Sam, the Pearl, and the River Walk each less than 10 minutes away. The 0.091-acre site is at 726 Arthur St in San Antonio, Texas.
The property is located directly across from a park and playground and is within walking distance of the Spurs arena. Downtown access is available, with Fort Sam, the Pearl, and the River Walk each less than 10 minutes away. The 0.091-acre site is at 726 Arthur St in San Antonio, Texas.
Key Highlights
- Three‑unit triplex with 3 three‑story townhome residences
- Each unit includes 4 bedrooms and bathrooms on every floor
- 4,491 square feet on a 0.091‑acre site
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
$51,692
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
7.95%
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%
$1,033,840
$1.0M
Cap Rate 7%
$738,457
$738.5K
Cap Rate 9%
$574,356
$574.4K
Market Conditions
NOI Build-Up for 4,491 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
$78.1K $17.40/SF
− Vacancy
−$4.3K −$0.96/SF
EGI
$73.8K $16.44/SF
− OpEx
−$22.2K −$4.93/SF
NOI
$51.7K $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%
$1,033,840
Cap Rate 7%
$738,457
Cap Rate 9%
$574,356
Alternative Uses
Best Use
Multifamily LT 5
$738.5K
$646.2K – $861.5K
NOI $51,692 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$655.4K
$573.4K – $764.6K
NOI $45,875 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,190 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
678
Businesses Nearby
Explore this area
Business Placement
Demographics for 78202, TX
11,422
Population
5,288
Households
2.2
Avg Household Size
34
Median Age
26%
College-Educated
77%
High-School Grad
2.3 sq mi
ZIP Area
4,966
Density / Sq Mi
$43,708
Median Household Income
$36,390
Median Earnings
$1,218
Median Rent
$223,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three separately metered townhome residences offer flexible leasing or owner-occupancy options in a multifamily setting.
Where is this triplex located?
The property is located at 726 ARTHUR ST San Antonio, TX.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Three‑unit triplex with 3 three‑story townhome residences; Each unit includes 4 bedrooms and bathrooms on every floor; 4,491 square feet on a 0.091‑acre site
