Leased Triplex
1804 San Luis Street San Antonio, TX 78207
1804 San Luis Street, San Antonio, TX, 78207
$330,000
For Sale
$330,000
Triplex with three occupied units, including a stand-alone home and adjacent two-unit duplex.
Property Size2,482 SF
Price / SF$132.96
Days on Market361
Property Features for 1804 San Luis Street
General Information
- Standard status
- Active
- Size
- 2,482 SF
- Property subtype
- Multi-Family / One Story
Building Details
- Year Built
- 1927
Listing agency
iHome Realty
(210) 625-2363
Listed by
Eduardo Arroyos
(210) 625-2363
Source
Compass
Added: Jul 27, 2025 Updated: Jul 21 at 1:32PM Checked: Jul 21 at 1:32PM
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 iHome Realty
Investment Insights
Based on property information with market context.
This triplex includes three rental units with all units occupied. The property consists of a stand-alone single-family residence and a two-unit duplex next door, creating a straightforward three-door rental setup.
The triplex is positioned directly across from Lanier High School and is described as a short drive to Downtown San Antonio, offering convenient access to major activity areas. The current setup notes that tenants cover their own utilities, which can help keep operating costs more predictable for an owner.
For sale as a fully leased income property with on-site occupancy across the three units, the arrangement is designed for investors seeking steady, turnkey management with limited near-term vacancy exposure.
The triplex is positioned directly across from Lanier High School and is described as a short drive to Downtown San Antonio, offering convenient access to major activity areas. The current setup notes that tenants cover their own utilities, which can help keep operating costs more predictable for an owner.
For sale as a fully leased income property with on-site occupancy across the three units, the arrangement is designed for investors seeking steady, turnkey management with limited near-term vacancy exposure.
Key Highlights
- Fully leased triplex with 3 occupied units (stand‑alone single‑family residence plus adjacent 2‑unit duplex)
- Tenants cover their own utilities, helping keep expenses low
- Covered patio and mature trees on the property
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 | $43.2k | $17.40 |
| − Vacancy | −$2.4k | −$0.96 |
| EGI | $40.8k | $16.44 |
| − OpEx | −$12.2k | −$4.93 |
| NOI | $28.6k | $11.51 |
2,482 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$408.1K
$357.1K – $476.1K
NOI $28,568 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$362.2K
$316.9K – $422.6K
NOI $25,353 @ 7.0% cap · market cap 7.68%
Theoretical Best
Office A
$633.1K
$554.0K – $738.6K
NOI $44,318 @ 7.0% cap · market cap 13.43%
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 - Triplex with three occupied units, including a stand-alone home and adjacent two-unit duplex.
Where is this triplex located?
The property is located at 1804 San Luis Street San Antonio, TX.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Fully leased triplex with 3 occupied units (stand‑alone single‑family residence plus adjacent 2‑unit duplex); Tenants cover their own utilities, helping keep expenses low; Covered patio and mature trees on the property
