Updated Duplex with Two Living
For Sale
$515,000
210 Mission St, San Antonio, TX 78210
MULTI_FAMILY - San Antonio, TX
Property Size1,697 SF
Lot Size0.14 Acres
Price / SF$303.48
Days on Market111
Property Features for 210 Mission St
General Information
Property type
Residential Multi Family
Property subtype
Other
Elementary school
Bonham
Middle school
Page Middle
High school
Brackenridge
Elementary school district
San Antonio I.S.D.
Middle school district
San Antonio I.S.D.
High school district
San Antonio I.S.D.
Subdivision
1100
Standard status
Active
Size
1,697 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
11144
Building Details
Year built
1946
Listing Agency:
Rowan Properties
(210) 414-6425
Listed By:
Bryan Guajardo
(210) 414-6425
Added: May 12
Changed: Aug 6
Last Checked: Aug 30 at 12:06AM
MLS# 1965950
Copyright © 2026 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1946 duplex contains 1,697 square feet across two distinct living spaces. The property has been well maintained and combines historic character with tasteful updates, supporting flexible use as an owner-occupied home, a multigenerational residence, or a two-unit income property. An established short-term rental opportunity has previously operated at the property.
The 0.1402-acre property is located in San Antonio’s King William neighborhood, with Downtown San Antonio, the River Walk, Southtown, Blue Star, dining, nightlife, and entertainment all described as minutes away. Its two separate living areas provide a practical configuration for occupants seeking distinct residential spaces within one duplex property.
The 0.1402-acre property is located in San Antonio’s King William neighborhood, with Downtown San Antonio, the River Walk, Southtown, Blue Star, dining, nightlife, and entertainment all described as minutes away. Its two separate living areas provide a practical configuration for occupants seeking distinct residential spaces within one duplex property.
Key Highlights
- Duplex with two separate living spaces
- 1,697 square feet on a 0.1402‑acre lot
- Built in 1946 with historic character and tasteful updates
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 - Well-maintained duplex with historic character, flexible occupancy options, and an established short-term rental component.
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: Duplex with two separate living spaces; 1,697 square feet on a 0.1402‑acre lot; Built in 1946 with historic character and tasteful updates
