Updated Triplex with
For Sale
$299,000
814 W magnolia, San Antonio, TX 78212
Multi-Family (2-8 Units), San Antonio, TX
Property Size1,525 SF
Lot Size0.16 Acres
Price / SF$196.07
Days on Market55
Property Features for 814 W magnolia
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-6 CD NCD-5
Elementary school
Cotton
Middle school
Mark Twain
High school
Edison
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
0900
Standard status
Active
Size
1,525 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
6382
Building Details
Year built
1920
Listing Agency:
San Antonio Portfolio KW RE · Keller Williams Realty
(210) 698-9996
Listed By:
Elizabeth Braden
(210) 696-9996
Added: Jul 7
Changed: Aug 19
Last Checked: Aug 30 at 4:06PM
MLS# 1998064
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 1920-built triplex contains 1,525 square feet on a 0.155-acre lot and is currently fully occupied. The property is classified under R-6 CD NCD-5 zoning and includes residential improvements suited to an income-producing use.
Major work includes foundation improvements backed by a warranty, a new plumbing line from the city meter, and replacement of water lines serving the home and the connection beneath it. Additional aesthetic updates have also been completed. The property is located in the Beacon Hill area of San Antonio, outside downtown and within ZIP Code 78212.
Major work includes foundation improvements backed by a warranty, a new plumbing line from the city meter, and replacement of water lines serving the home and the connection beneath it. Additional aesthetic updates have also been completed. The property is located in the Beacon Hill area of San Antonio, outside downtown and within ZIP Code 78212.
Key Highlights
- Triplex with 1,525 square feet of property size
- Fully occupied at the time of listing
- Foundation improvements include a warranty
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
$17,553
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
5.87%
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%
$351,060
$351.1K
Cap Rate 7%
$250,757
$250.8K
Cap Rate 9%
$195,033
$195.0K
Market Conditions
NOI Build-Up for 1,525 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
$26.5K $17.40/SF
− Vacancy
−$1.5K −$0.96/SF
EGI
$25.1K $16.44/SF
− OpEx
−$7.5K −$4.93/SF
NOI
$17.6K $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%
$351,060
Cap Rate 7%
$250,757
Cap Rate 9%
$195,033
Alternative Uses
Best Use
Multifamily LT 5
$250.8K
$219.4K – $292.6K
NOI $17,553 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$222.5K
$194.7K – $259.6K
NOI $15,578 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$389.0K
$340.4K – $453.8K
NOI $27,230 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,077
Businesses Nearby
Explore this area
Business Placement
Demographics for 78212, TX
26,738
Population
13,399
Households
2
Avg Household Size
39
Median Age
39%
College-Educated
85%
High-School Grad
6.9 sq mi
ZIP Area
3,875
Density / Sq Mi
$60,222
Median Household Income
$40,037
Median Earnings
$1,084
Median Rent
$299,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied residential income property with substantial plumbing and foundation work completed.
Where is this triplex located?
The property is located at 814 W magnolia San Antonio, TX.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Triplex with 1,525 square feet of property size; Fully occupied at the time of listing; Foundation improvements include a warranty
