Two-Story Triplex with
For Sale
$575,000
200 Queen Anne Ct, San Antonio, TX 78209
Three residential units feature individual kitchens, dining areas, flex rooms, and shared laundry facilities.
Property Size1,856 SF
Price / SF$309.81
Days on Market34
Property Features for 200 Queen Anne Ct
General Information
Standard status
Active
Size
1,856 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Amenities
screened patio
courtyard
shared laundry room
Building Details
Year Built
1929
Buildings
2
Listing Agency:
Phyllis Browning Company
(210) 422-4693
Listed By:
Anne Gamboa
Source:
Sarahildebrandaguilera
Added: Jul 27
Changed: Aug 28
Last Checked: Aug 29 at 12:33PM
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 Phyllis Browning Company
Investment Insights
Based on property information with market context.
This 1929 triplex comprises a two-story main residence with two one-bedroom, one-bath units. Each unit includes living space, a separate dining area, a functional kitchen equipped with an oven, stove, and refrigerator, plus a flexible additional room suitable for office or storage use. A screened patio adds outdoor space to the main structure.
A detached two-story building places a third one-bedroom, one-bath unit above a shared laundry room. The property also includes a courtyard and street parking. Located at 200 Queen Anne Ct in San Antonio, the triplex is near Breckenridge Park, The Witte Museum, the San Antonio Botanical Garden, the DoSeum, and dining destinations. The configuration supports both investor and owner-occupant considerations.
A detached two-story building places a third one-bedroom, one-bath unit above a shared laundry room. The property also includes a courtyard and street parking. Located at 200 Queen Anne Ct in San Antonio, the triplex is near Breckenridge Park, The Witte Museum, the San Antonio Botanical Garden, the DoSeum, and dining destinations. The configuration supports both investor and owner-occupant considerations.
Key Highlights
- Three‑unit residential property with two 1‑bedroom, 1‑bath units in the main home and one detached 1‑bedroom, 1‑bath unit
- Two‑story main residence includes living areas, separate dining rooms, kitchens, and flex rooms
- Detached two‑story structure places the third unit above a shared laundry room
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
$21,363
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
3.72%
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%
$427,260
$427.3K
Cap Rate 7%
$305,186
$305.2K
Cap Rate 9%
$237,367
$237.4K
Market Conditions
NOI Build-Up for 1,856 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
$32.3K $17.40/SF
− Vacancy
−$1.8K −$0.96/SF
EGI
$30.5K $16.44/SF
− OpEx
−$9.2K −$4.93/SF
NOI
$21.4K $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%
$427,260
Cap Rate 7%
$305,186
Cap Rate 9%
$237,367
Alternative Uses
Best Use
Multifamily LT 5
$305.2K
$267.0K – $356.1K
NOI $21,363 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$270.8K
$237.0K – $316.0K
NOI $18,959 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$473.4K
$414.3K – $552.3K
NOI $33,140 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
785
Businesses Nearby
Explore this area
Business Placement
Demographics for 78209, TX
42,456
Population
22,771
Households
1.9
Avg Household Size
40
Median Age
62%
College-Educated
96%
High-School Grad
10.2 sq mi
ZIP Area
4,162
Density / Sq Mi
$84,180
Median Household Income
$57,921
Median Earnings
$1,371
Median Rent
$497,500
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 feature individual kitchens, dining areas, flex rooms, and shared laundry facilities.
Where is this triplex located?
The property is located at 200 Queen Anne Ct San Antonio, TX.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Three‑unit residential property with two 1‑bedroom, 1‑bath units in the main home and one detached 1‑bedroom, 1‑bath unit; Two‑story main residence includes living areas, separate dining rooms, kitchens, and flex rooms; Detached two‑story structure places the third unit above a shared laundry room
