Fully Leased Triplex
For Sale
$580,000
1532 West Huisache Avenue, San Antonio, TX 78201
Well-designed three-unit triplex is fully leased and features central HVAC, in-unit laundry, and hardwood floors.
Property Size3,258 SF
Price / SF$178.02
Days on Market202
Property Features for 1532 West Huisache Avenue
General Information
Standard status
Active
Size
3,258 SF
Property subtype
Multi-Family / Two Story
Occupancy
100%
Net Operating Income
$32,116
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$10,784
Amenities
central air and heat
washer / dryers
hardwood floors
original tile in kitchens and baths
Ceramic Tile, Wood
Composition
Pre-Owned
Conventional, FHA, VA, Cash
Not Applicable/None
Building Details
Year Built
1933
Tenancy
Multi
Listing Agency:
Suburban Spaces, LLC
Listed By:
Chad Nall · License #550904
(210) 262-1808
Source:
Compass
Added: Feb 15
Changed: Aug 8
Last Checked: Jul 22 at 1:38AM
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 Suburban Spaces, LLC
Investment Insights
Based on property information with market context.
This property is a fully leased triplex intentionally designed and constructed as a three-unit residence. Each unit is equipped with central air and heat, washer/dryers, and hardwood floors, with period details including original tile in the kitchens and baths.
The asset is located in a highly desirable historic neighborhood, and the listing notes an income history.
With its purpose-built three-unit configuration and consistent unit amenities, the property offers a straightforward multifamily setup for an owner seeking an income-producing residence.
The asset is located in a highly desirable historic neighborhood, and the listing notes an income history.
With its purpose-built three-unit configuration and consistent unit amenities, the property offers a straightforward multifamily setup for an owner seeking an income-producing residence.
Key Highlights
- Fully leased three‑unit triplex, originally designed and constructed as a three‑unit residence
- All units have central air and heat
- Each unit includes washer/dryer hookups and in‑unit laundry
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
$37,500
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
6.47%
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%
$750,000
$750.0K
Cap Rate 7%
$535,714
$535.7K
Cap Rate 9%
$416,667
$416.7K
Market Conditions
NOI Build-Up for 3,258 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
$56.7K $17.40/SF
− Vacancy
−$3.1K −$0.96/SF
EGI
$53.6K $16.44/SF
− OpEx
−$16.1K −$4.93/SF
NOI
$37.5K $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%
$750,000
Cap Rate 7%
$535,714
Cap Rate 9%
$416,667
Alternative Uses
Best Use
Multifamily LT 5
$535.7K
$468.8K – $625.0K
NOI $37,500 @ 7.0% cap · market cap 6.47%
Second Best
Apartment 5plus
$475.4K
$416.0K – $554.7K
NOI $33,280 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$831.1K
$727.2K – $969.6K
NOI $58,174 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
894
Businesses Nearby
Explore this area
Business Placement
Demographics for 78201, TX
42,005
Population
18,661
Households
2.3
Avg Household Size
39
Median Age
17%
College-Educated
73%
High-School Grad
7.1 sq mi
ZIP Area
5,916
Density / Sq Mi
$46,129
Median Household Income
$30,517
Median Earnings
$1,033
Median Rent
$187,400
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 - Well-designed three-unit triplex is fully leased and features central HVAC, in-unit laundry, and hardwood floors.
Where is this triplex located?
The property is located at 1532 West Huisache Avenue San Antonio, TX.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Fully leased three‑unit triplex, originally designed and constructed as a three‑unit residence; All units have central air and heat; Each unit includes washer/dryer hookups and in‑unit laundry
