Historic Triplex with Owner
For Sale
$549,000
141 E Woodlawn Ave, San Antonio, TX 78212
Multi-Family (2-8 Units), San Antonio, TX
Property Size2,797 SF
Lot Size0.11 Acres
Price / SF$196.28
Days on Market8
Property Features for 141 E Woodlawn Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-4
Elementary school
Hawthorne
High school
Edison
Elementary school district
San Antonio I.S.D.
Middle school district
San Antonio I.S.D.
High school district
San Antonio I.S.D.
Subdivision
0900
Standard status
Active
Size
2,797 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
9762
Amenities
wood floors
covered balcony
patio
Building Details
Year built
1920
Listing Agency:
Devora Realty
(512) 961-9084
Listed By:
Johnny Devora · License #607532
(512) 400-4248
Added: Aug 16
Changed: Aug 20
Last Checked: Aug 23 at 2:06AM
MLS# 2009183
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.
Built in 1920, this San Antonio triplex contains approximately 2,797 square feet across three separate living spaces. The primary residence offers three bedrooms and one bath, while two additional apartments each provide one bedroom and one bath. Wood flooring, a covered balcony, patio, and period architectural elements contribute to the property’s character. Improvements include work to the roof, foundation, plumbing, HVAC, balcony, steps, and parking areas. Electrical service is separately metered for each unit; water uses one meter and is allocated among tenants according to each unit’s pro rata square-footage share.
The property is located at 141 E Woodlawn Ave in the Monte Vista area of San Antonio, with nearby access to Extra Fine, La Fonda on Main, The Pearl, Downtown, Trinity University, San Antonio College, San Pedro Springs Park, and Midtown dining and entertainment. R-4 zoning supports the property’s multifamily classification.
The property is located at 141 E Woodlawn Ave in the Monte Vista area of San Antonio, with nearby access to Extra Fine, La Fonda on Main, The Pearl, Downtown, Trinity University, San Antonio College, San Pedro Springs Park, and Midtown dining and entertainment. R-4 zoning supports the property’s multifamily classification.
Key Highlights
- Triplex with approximately 2,797 square feet
- Three‑bedroom, one‑bath primary residence plus two one‑bedroom, one‑bath apartments
- Built in 1920 with wood floors, covered balcony, patio, and historic details
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
Lease Details
3
Residential units
Yes
Utilities to site
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 distinct living spaces include a larger residence and two separate apartments.
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: Triplex with approximately 2,797 square feet; Three‑bedroom, one‑bath primary residence plus two one‑bedroom, one‑bath apartments; Built in 1920 with wood floors, covered balcony, patio, and historic details
