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Turnkey Triplex with Separate Utilities

125 Paso Hondo San Antonio, TX 78202

New
125 Paso Hondo, San Antonio, TX, 78202
$499,000
For Sale
Under Contract
Claim this Listing
$499,000

MULTI_FAMILY - San Antonio, TX

Property Size2,060 SF
Lot Size0.17 Acres
Price / SF$242.23
AddedJul 10
Days on Market6
Last RefreshJul 15 at 11:06 am

Property Features for 125 Paso Hondo

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
RESIDENTIAL
Standard status
Active Under Contract
Size
2,060 SF
Lot size
0.17 Acres

Taxes and HOA fees

Tax Annual Amount
8464

Utilities

Cooling system
Central Air

Building Details

Year built
1900

Listing agent Alejandro Gonzalez

Listing office LPT Realty, LLC 13315 Wallisville Road, Houston, TX

Listing date Jul 10, 2026

MLS# 1993774 Listing URL

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 well-maintained triplex provides three separate 1-bedroom, 1-full-bath units. Each unit has its own electric and gas meters, with shared water service. The property has been previously used as a furnished short-term rental and is being offered fully furnished and turnkey, supporting immediate occupancy or rental operation. Outdoor space includes a deck, mature shade trees, and a spacious backyard suited for tenant and guest use.

Located in a residential-zoned setting in San Antonio, the home is described as steps from major Downtown attractions, including the River Walk and The Alamo. As presented, the asset is positioned for easy access to dining, entertainment, and employment centers, with tenant and guest appeal driven by its walkable proximity to the city’s core.

For investors and owner-occupants, the unit mix and utility configuration can simplify managing multiple households under one roof. The existing furnished setup and documented short-term rental use also support a flexible operating approach, whether you’re looking to continue with shorter stays or transition to mid-term or long-term rentals. Income and occupancy history are available upon request, and a private tour is recommended to confirm fit and finishes.

Key Highlights

  • Triplex in Downtown San Antonio near the River Walk and The Alamo
  • 3 units total, each offering 1 bedroom and 1 full bath
  • Separate electric and gas meters for each unit with shared water service

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $35.8k $17.40
− Vacancy −$2.0k −$0.96
EGI $33.9k $16.44
− OpEx −$10.2k −$4.93
NOI $23.7k $11.51
2,060 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$338.7K
$296.4K – $395.2K (±1% cap)
NOI $23,711 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$300.6K
$263.0K – $350.7K (±1% cap)
NOI $21,043 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$525.5K
$459.8K – $613.1K (±1% cap)
NOI $36,783 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Dental Office Skin Care Clinic Auto Parts Store Furniture & Home Goods Veterinary Clinic (Bike/Boat/Book/etc) Store HVAC Service Pet Grooming Service Carpet & Flooring Store Electrical Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Three 1-bed/1-bath units with separate electric and gas meters, offered fully furnished for immediate rental use.
Where is this triplex located?
The property is located at 125 Paso Hondo San Antonio, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Triplex in Downtown San Antonio near the River Walk and The Alamo; 3 units total, each offering 1 bedroom and 1 full bath; Separate electric and gas meters for each unit with shared water service
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More about this property
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