Historic Triplex with Owner
For Sale
$549,000
141 E Woodlawn Ave, San Antonio, TX 78212
Three living spaces combine a primary residence with two apartments and separately metered electricity.
Property Size2,797 SF
Price / SF$196.28
Days on Market16
Property Features for 141 E Woodlawn Ave
General Information
Standard status
Active
Size
2,797 SF
Property subtype
Multi-Family
Building Details
Year Built
1920
Listing Agency:
Devora Realty
(512) 961-9084
Listed By:
Johnny Devora · License #607532
Source:
Pomparealtygroupsa
Added: Aug 17
Changed: Aug 29
Last Checked: Aug 31 at 1:16PM
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 Devora Realty
Investment Insights
Based on property information with market context.
Located at 141 E Woodlawn Ave in San Antonio, this 2,797-square-foot triplex dates to 1920 and contains three distinct living spaces. The layout includes a three-bedroom, one-bath main residence plus two one-bedroom, one-bath apartments. Wood floors, a covered balcony, patio, and period architectural details remain part of the property’s character.
Recent work has addressed the roof, foundation, plumbing, HVAC, balcony, steps, and parking areas, while additional modernization remains possible. Electricity is separately metered for each unit; water is supplied through one meter and allocated among tenants according to each unit’s pro rata square-footage share. Extra Fine, La Fonda on Main, The Pearl, Downtown, Trinity University, San Antonio College, San Pedro Springs Park, and Midtown dining and entertainment are nearby.
Recent work has addressed the roof, foundation, plumbing, HVAC, balcony, steps, and parking areas, while additional modernization remains possible. Electricity is separately metered for each unit; water is supplied through one meter and allocated among tenants according to each unit’s pro rata square-footage share. Extra Fine, La Fonda on Main, The Pearl, Downtown, Trinity University, San Antonio College, San Pedro Springs Park, and Midtown dining and entertainment are nearby.
Key Highlights
- 2,797‑square‑foot triplex built in 1920
- Three‑bedroom, one‑bath primary residence plus two one‑bedroom, one‑bath apartments
- Updates include roof, foundation, plumbing, HVAC, balcony, steps, and parking areas
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
$32,194
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
5.86%
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%
$643,880
$643.9K
Cap Rate 7%
$459,914
$459.9K
Cap Rate 9%
$357,711
$357.7K
Market Conditions
NOI Build-Up for 2,797 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
$48.7K $17.40/SF
− Vacancy
−$2.7K −$0.96/SF
EGI
$46.0K $16.44/SF
− OpEx
−$13.8K −$4.93/SF
NOI
$32.2K $11.51/SF
Area
San Antonio, TX
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
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%
$643,880
Cap Rate 7%
$459,914
Cap Rate 9%
$357,711
Alternative Uses
Best Use
Multifamily LT 5
$459.9K
$402.4K – $536.6K
NOI $32,194 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$408.2K
$357.1K – $476.2K
NOI $28,571 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$713.5K
$624.3K – $832.4K
NOI $49,943 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,511
Businesses Nearby
Explore this area
Business Placement
Demographics for 78212, TX
26,738
Population
13,399
Households
2
Avg Household Size
39
Median Age
39%
College-Educated
85%
High-School Grad
6.9 sq mi
ZIP Area
3,875
Density / Sq Mi
$60,222
Median Household Income
$40,037
Median Earnings
$1,084
Median Rent
$299,400
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 living spaces combine a primary residence with two apartments and separately metered electricity.
Where is this triplex located?
The property is located at 141 E Woodlawn Ave San Antonio, TX.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 2,797‑square‑foot triplex built in 1920; Three‑bedroom, one‑bath primary residence plus two one‑bedroom, one‑bath apartments; Updates include roof, foundation, plumbing, HVAC, balcony, steps, and parking areas
