Updated Two-Unit
For Sale
$515,000
210 Mission St, San Antonio, TX 78210
Two separate living spaces support owner-occupant, rental, or multigenerational use.
Property Size1,697 SF
Price / SF$303.48
Days on Market16
Property Features for 210 Mission St
General Information
Standard status
Active
Size
1,697 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1946
Listing Agency:
Rowan Properties
(210) 414-6425
Listed By:
Bryan Guajardo
Source:
Thebranchinc
Added: Aug 14
Changed: Aug 29
Last Checked: Aug 26 at 6:39AM
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 Rowan Properties
Investment Insights
Based on property information with market context.
This 1,697-square-foot duplex, built in 1946, provides two distinct living spaces within a maintained property that combines historic character with thoughtful updates. The configuration supports flexible occupancy, including living in one unit while operating the other as a short-term rental, as well as multigenerational living or a longer-term rental strategy.
Located at 210 Mission St in San Antonio’s King William neighborhood, the property is near Downtown San Antonio, the River Walk, Southtown, Blue Star, and area dining, nightlife, and entertainment. Its established short-term rental history adds an additional use option for an owner-occupant or investor.
Located at 210 Mission St in San Antonio’s King William neighborhood, the property is near Downtown San Antonio, the River Walk, Southtown, Blue Star, and area dining, nightlife, and entertainment. Its established short-term rental history adds an additional use option for an owner-occupant or investor.
Key Highlights
- Two‑unit duplex with 1,697 SF of living space
- Built in 1946 with historic character and updates
- Two separate living spaces for flexible occupancy
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
3.79%
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 3.79%
Second Best
Apartment 5plus
$247.6K
$216.7K – $288.9K
NOI $17,335 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$432.9K
$378.8K – $505.0K
NOI $30,301 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
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 separate living spaces support owner-occupant, rental, or multigenerational use.
Where is this duplex located?
The property is located at 210 Mission St San Antonio, TX.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,697 SF of living space; Built in 1946 with historic character and updates; Two separate living spaces for flexible occupancy
