Fully Leased
For Sale
$450,000
214 Senisa Drive, San Antonio, TX 78228
Three residential units are leased, with private garages serving two units and a carport assigned to the third.
Property Size3,784 SF
Price / SF$118.92
Days on Market541
Property Features for 214 Senisa Drive
General Information
Standard status
Active
Size
3,784 SF
Property subtype
Multi-Family / Two Story
Zoning
RM-4 NCD-7
Taxes and HOA fees
Annual Taxes
$11,000
Amenities
Carpeting, Wood, Vinyl
Composition
Slab
Pre-Owned
Conventional, Cash
Patio Slab, Has Gutters, Mature Trees
Building Details
Year Built
1952
Listing Agency:
Real Broker, LLC
(210) 844-3292
Listed By:
Eliza King
(210) 844-3292
Source:
Compass
Added: Mar 10, 2025
Changed: Aug 31
Last Checked: Aug 31 at 12:52AM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This triplex contains 3,784 square feet across three residential units. Two apartments offer 3 bedrooms and 1 bath each, with a private garage serving each unit. The third apartment includes 1 bedroom and 1 bath, along with its own carport. All three units are currently leased.
Built in 1952, the property includes carpeting, wood, and vinyl interior finishes. Exterior features include a composition roof, slab construction, gutters, a patio slab, and mature trees. The property is zoned RM-4 NCD-7 and is located at 214 Senisa Drive in San Antonio, Texas.
Built in 1952, the property includes carpeting, wood, and vinyl interior finishes. Exterior features include a composition roof, slab construction, gutters, a patio slab, and mature trees. The property is zoned RM-4 NCD-7 and is located at 214 Senisa Drive in San Antonio, Texas.
Key Highlights
- 3,784‑square‑foot triplex with three residential units
- Two 3‑bedroom, 1‑bath units, each with a private garage
- One 1‑bedroom, 1‑bath unit with its own carport
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,653
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$773,060
$773.1K
Cap Rate 7%
$552,186
$552.2K
Cap Rate 9%
$429,478
$429.5K
Market Conditions
NOI Build-Up for 3,784 SF
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.
Gross rent
$74.9K $19.80/SF
− Vacancy
−$4.6K −$1.23/SF
EGI
$70.3K $18.57/SF
− OpEx
−$31.6K −$8.36/SF
NOI
$38.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$773,060
Cap Rate 7%
$552,186
Cap Rate 9%
$429,478
Alternative Uses
Best Use
Multifamily LT 5
$622.2K
$544.4K – $725.9K
NOI $43,554 @ 7.0% cap · market cap 9.68%
Second Best
Apartment 5plus
$552.2K
$483.2K – $644.2K
NOI $38,653 @ 7.0% cap · market cap 8.59%
Theoretical Best
Office A
$965.2K
$844.6K – $1.13M
NOI $67,566 @ 7.0% cap · market cap 15.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
440
Businesses Nearby
Explore this area
Business Placement
Demographics for 78228, TX
56,369
Population
21,397
Households
2.6
Avg Household Size
37
Median Age
14%
College-Educated
74%
High-School Grad
10.9 sq mi
ZIP Area
5,171
Density / Sq Mi
$50,865
Median Household Income
$30,811
Median Earnings
$1,004
Median Rent
$164,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units are leased, with private garages serving two units and a carport assigned to the third.
Where is this triplex located?
The property is located at 214 Senisa Drive San Antonio, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 3,784‑square‑foot triplex with three residential units; Two 3‑bedroom, 1‑bath units, each with a private garage; One 1‑bedroom, 1‑bath unit with its own carport
