Updated Duplex with Short-Term
For Sale
$550,000
208 Mission Street, San Antonio, TX 78210
Two residences include a two-bedroom unit and a one-bedroom unit, with updated kitchens, appliances, and wood flooring throughout.
Property Size1,697 SF
Price / SF$324.10
Days on Market194
Property Features for 208 Mission Street
General Information
Standard status
Active
Size
1,697 SF
Property subtype
Multi-Family / One Story
Zoning
RM-4
Net Operating Income
$19,400
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$11,144
Amenities
Wood
Composition
Pre-Owned
Conventional, FHA, VA, Cash
Patio Slab, Covered Patio, Has Gutters, Mature Trees
Building Details
Year Built
1946
Buildings
1
Construction
craftsman-style
Listing Agency:
Keller Williams City-View
(210) 817-1700
Listed By:
Zachariah Castillo · License #620516
(210) 817-1700
Source:
Compass
Added: Feb 17
Changed: Aug 30
Last Checked: Aug 30 at 8:00AM
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 Keller Williams City-View
Investment Insights
Based on property information with market context.
This 1,697-square-foot duplex, built in 1946, contains a 2-bedroom, 1-bath residence and a 1-bedroom, 1-bath residence. Both units feature updated kitchens with contemporary cabinetry, countertops, appliances, and light fixtures, along with wood flooring and large windows. A replacement foundation and roof are covered by warranties. The property also includes a craftsman-style exterior, xeriscaped front yard, mature trees, covered patio, patio slab, and gutters. One unit is currently operated as a short-term rental, while the two-unit layout also supports owner occupancy of one side with the other available for rental use. Furnishings may be included with an acceptable offer.
Zoned RM-4, the property is located at 208 Mission Street near S Alamo St. in San Antonio. Blue Star Arts Complex, Hemisfair Park, La Villita, the Tower of the Americas, and multiple Riverwalk entrances are within walking distance, with access to downtown and the Blue Star District nearby.
Zoned RM-4, the property is located at 208 Mission Street near S Alamo St. in San Antonio. Blue Star Arts Complex, Hemisfair Park, La Villita, the Tower of the Americas, and multiple Riverwalk entrances are within walking distance, with access to downtown and the Blue Star District nearby.
Key Highlights
- 1,697‑square‑foot duplex built in 1946
- 2‑bedroom, 1‑bath unit plus 1‑bedroom, 1‑bath unit
- RM‑4 zoning
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
$19,533
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
3.55%
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%
$390,660
$390.7K
Cap Rate 7%
$279,043
$279.0K
Cap Rate 9%
$217,033
$217.0K
Market Conditions
NOI Build-Up for 1,697 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
$29.5K $17.40/SF
− Vacancy
−$1.6K −$0.96/SF
EGI
$27.9K $16.44/SF
− OpEx
−$8.4K −$4.93/SF
NOI
$19.5K $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%
$390,660
Cap Rate 7%
$279,043
Cap Rate 9%
$217,033
Alternative Uses
Best Use
Multifamily LT 5
$279.0K
$244.2K – $325.6K
NOI $19,533 @ 7.0% cap · market cap 3.55%
Second Best
Apartment 5plus
$247.6K
$216.7K – $288.9K
NOI $17,335 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$432.9K
$378.8K – $505.0K
NOI $30,301 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,516
Businesses Nearby
Explore this area
Business Placement
Demographics for 78210, TX
33,010
Population
14,410
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
76%
High-School Grad
7.3 sq mi
ZIP Area
4,522
Density / Sq Mi
$51,990
Median Household Income
$33,271
Median Earnings
$1,119
Median Rent
$172,700
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?
Duplex - Two residences include a two-bedroom unit and a one-bedroom unit, with updated kitchens, appliances, and wood flooring throughout.
Where is this duplex located?
The property is located at 208 Mission Street San Antonio, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1,697‑square‑foot duplex built in 1946; 2‑bedroom, 1‑bath unit plus 1‑bedroom, 1‑bath unit; RM‑4 zoning
