Turnkey Triplex Investment
1302 West Winnipeg Avenue San Antonio, TX 78225
1302 West Winnipeg Avenue, San Antonio, TX, 78225
$340,000
For Sale
$340,000
Fully occupied triplex offering three tenant-occupied units and immediate rental income potential.
Property Size2,219 SF
Price / SF$153.22
Days on Market385
Property Features for 1302 West Winnipeg Avenue
General Information
- Standard status
- Active
- Size
- 2,219 SF
- Property subtype
- Multi-Family / Two Story
Building Details
- Year Built
- 1946
Listing agency
Uriah Real Estate Organization
(210) 315-8885
Listed by
Uri Uriah · License #9002555
(210) 315-8885
Source
Compass
Added: Jul 4, 2025 Updated: Jul 22 at 7:42PM Checked: Jul 22 at 7:42PM
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 Uriah Real Estate Organization
Investment Insights
Based on property information with market context.
This fully occupied triplex includes three tenant-occupied units, providing a stabilized setup with consistent rental income from day one. The property is offered for sale as a turnkey investment.
Located at 1302 West Winnipeg Avenue in San Antonio’s Palm Heights area, the triplex is described as being about 5 miles from Downtown, with access to major employers and a variety of shopping, restaurants, and entertainment.
With all units tenant-occupied, the property’s configuration is set up for investors seeking multifamily income without requiring immediate leasing or tenant turnover.
Located at 1302 West Winnipeg Avenue in San Antonio’s Palm Heights area, the triplex is described as being about 5 miles from Downtown, with access to major employers and a variety of shopping, restaurants, and entertainment.
With all units tenant-occupied, the property’s configuration is set up for investors seeking multifamily income without requiring immediate leasing or tenant turnover.
Key Highlights
- Triplex at 1302 W Winnipeg Ave in Palm Heights with three tenant‑occupied units
- Fully occupied and stabilized, offering consistent rental income
- Approx. 5 miles from Downtown San Antonio with access to major employers, shopping, restaurants, and entertainment
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 | $38.6k | $17.40 |
| − Vacancy | −$2.1k | −$0.96 |
| EGI | $36.5k | $16.44 |
| − OpEx | −$10.9k | −$4.93 |
| NOI | $25.5k | $11.51 |
2,219 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$364.9K
$319.3K – $425.7K
NOI $25,541 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$323.8K
$283.3K – $377.8K
NOI $22,667 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$566.0K
$495.3K – $660.4K
NOI $39,622 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Fully occupied triplex offering three tenant-occupied units and immediate rental income potential.
Where is this triplex located?
The property is located at 1302 West Winnipeg Avenue San Antonio, TX.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Triplex at 1302 W Winnipeg Ave in Palm Heights with three tenant‑occupied units; Fully occupied and stabilized, offering consistent rental income; Approx. 5 miles from Downtown San Antonio with access to major employers, shopping, restaurants, and entertainment
