Three-Unit Multifamily
102 Bailey Ave, San Antonio, TX 78210
For Sale
$299,000
Triplex with two leased units and a separate vacant unit for occupancy or rental use.
Property Size2,112 SF
Price / SF$141.57
Days on Market101
Property Features for 102 Bailey Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Sean Parker Realty Group
Listed By:
Sean Parker
(210) 833-1652
Source:
Theswinneygroup
Added: Aug 1
Changed: Oct 25
Last Checked: Oct 7 at 5:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sean Parker Realty Group
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Investment Insights
Based on property information with market context.
This 2,112-square-foot triplex contains three separate living units, with two incorporated into the primary residence and a third in a detached structure. Built in 1930, the property maintains original character alongside living spaces that have been used as rentals. Two units are leased, while the remaining unit is vacant and available for an owner-occupant or a new lease arrangement.
The property is near Downtown San Antonio, Southtown, the Alamodome, the San Antonio River Walk, St. Philip's College, and Brooks City Base. Access to I-37 and I-10 further connects the property with surrounding areas. The three-unit configuration supports multiple occupancy arrangements within a single multifamily asset.
The property is near Downtown San Antonio, Southtown, the Alamodome, the San Antonio River Walk, St. Philip's College, and Brooks City Base. Access to I-37 and I-10 further connects the property with surrounding areas. The three-unit configuration supports multiple occupancy arrangements within a single multifamily asset.
Key Highlights
- Three separate living units within one multifamily property
- 2,112 SF triplex built in 1930
- Two units currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,309
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,180
$486.2K
Cap Rate 7%
$347,271
$347.3K
Cap Rate 9%
$270,100
$270.1K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$36.7K $17.40/SF
− Vacancy
−$2.0K −$0.96/SF
EGI
$34.7K $16.44/SF
− OpEx
−$10.4K −$4.93/SF
NOI
$24.3K $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 Rate 5%
$486,180
Cap Rate 7%
$347,271
Cap Rate 9%
$270,100
Alternative Uses
Best Use
Multifamily LT 5
$347.3K
$303.9K – $405.2K
NOI $24,309 @ 7.0% cap · market cap 8.13%
Second Best
Apartment 5plus
$308.2K
$269.7K – $359.6K
NOI $21,574 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$538.7K
$471.4K – $628.5K
NOI $37,711 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
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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
$172,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in San Antonio, TX
Properties on Market for Triplexes in San Antonio
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Triplex with two leased units and a separate vacant unit for occupancy or rental use.
Where is this triplex located?
The property is located at 102 Bailey Ave 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: Three separate living units within one multifamily property; 2,112 SF triplex built in 1930; Two units currently leased
