Multifamily Property Near River
For Sale
$249,000
123 W Mitchell, San Antonio, TX 78204
Multi-Family (2-8 Units), San Antonio, TX
Property Size1,400 SF
Lot Size0.12 Acres
Price / SF$177.86
Days on Market171
Property Features for 123 W Mitchell
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
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
2100
Standard status
Active
APN
000090000250
Size
1,400 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
3779
Building Details
Year built
1946
Buildings
1
Listing Agency:
Vortex Realty
(210) 647-6557
Listed By:
Grace Avila
(210) 867-7700
Added: May 15
Changed: Oct 30
Last Checked: Nov 1 at 7:06PM
MLS# 1943356
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property at 123 W Mitchell includes 1,400 square feet on a 0.115-acre lot. Built in 1946, the property carries R4 zoning and is offered for sale.
The property sits across from Confluence Park and near the San Antonio River and its bike trails. The Historic San Antonio Missions, LoneStar and BlueStar areas, South Town, and the Pearl are also identified in the surrounding area. The neighboring property at 121 W Mitchell is separately offered for sale and may be purchased together with this property.
The property sits across from Confluence Park and near the San Antonio River and its bike trails. The Historic San Antonio Missions, LoneStar and BlueStar areas, South Town, and the Pearl are also identified in the surrounding area. The neighboring property at 121 W Mitchell is separately offered for sale and may be purchased together with this property.
Key Highlights
- 1,400‑square‑foot multifamily property on a 0.115‑acre lot
- R4 zoning
- Built in 1946
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,301
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,020
$286.0K
Cap Rate 7%
$204,300
$204.3K
Cap Rate 9%
$158,900
$158.9K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$27.7K $19.80/SF
− Vacancy
−$1.7K −$1.23/SF
EGI
$26.0K $18.57/SF
− OpEx
−$11.7K −$8.36/SF
NOI
$14.3K $10.21/SF
Area
San Antonio, TX
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,020
Cap Rate 7%
$204,300
Cap Rate 9%
$158,900
Alternative Uses
Best Use
Apartment 5plus
$204.3K
$178.8K – $238.4K
NOI $14,301 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$357.1K
$312.5K – $416.6K
NOI $24,998 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Explore this area
Business Placement
Demographics for 78204, TX
11,298
Population
6,210
Households
1.8
Avg Household Size
39
Median Age
27%
College-Educated
78%
High-School Grad
2.7 sq mi
ZIP Area
4,184
Density / Sq Mi
$54,667
Median Household Income
$35,107
Median Earnings
$1,516
Median Rent
$142,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - R4-zoned property near the San Antonio River and bike trails.
Where is this multifamily property located?
The property is located at 123 W Mitchell San Antonio, TX.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 1,400‑square‑foot multifamily property on a 0.115‑acre lot; R4 zoning; Built in 1946
