Multifamily Property Near River
For Sale
$249,000
123 W Mitchell, San Antonio, TX 78204
1946-built residence across from Confluence Park offers both rental and owner-occupant use.
Property Size1,400 SF
Price / SF$177.86
Days on Market88
Property Features for 123 W Mitchell
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Multi-Family
Building Details
Year Built
1946
Listing Agency:
Vortex Realty
Listed By:
Grace Avila
(210) 683-7300
Source:
Kingdomtxrealty
Added: Jul 25
Changed: Oct 16
Last Checked: Oct 7 at 4:06PM
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 Vortex Realty
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Investment Insights
Based on property information with market context.
This 1,400-square-foot multifamily property was built in 1946 and is offered as a residential asset with rental or personal-use flexibility. The home may also be purchased together with the neighboring property at 121 W Mitchell, which is separately listed for sale.
The property is located across from Confluence Park and near the San Antonio River and its bike trails. Additional nearby destinations identified for the area include the Historic San Antonio Missions, LoneStar, BlueStar, South Town, and the Pearl. The property is addressed at 123 W Mitchell in San Antonio, Texas.
The property is located across from Confluence Park and near the San Antonio River and its bike trails. Additional nearby destinations identified for the area include the Historic San Antonio Missions, LoneStar, BlueStar, South Town, and the Pearl. The property is addressed at 123 W Mitchell in San Antonio, Texas.
Key Highlights
- 1,400‑square‑foot multifamily property built in 1946
- Across from Confluence Park
- Near the San Antonio River and bike trails
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.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - 1946-built residence across from Confluence Park offers both rental and owner-occupant use.
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 built in 1946; Across from Confluence Park; Near the San Antonio River and bike trails
