Renovated Duplex with Historic
For Sale
$369,000
210 Wilkens Ave, San Antonio, TX 78210
Updated two-unit property near downtown attractions, parks, and the Riverwalk.
Property Size2,185 SF
Price / SF$168.88
Days on Market39
Property Features for 210 Wilkens Ave
General Information
Standard status
Active
Size
2,185 SF
Property subtype
Multi-Family
Building Details
Year Built
1910
Listing Agency:
Keller Williams Legacy
Listed By:
Kristen Schramme · License #568432
(210) 482-9094
Source:
Kingdomtxrealty
Added: Jul 29
Changed: Sep 2
Last Checked: Sep 5 at 9:49AM
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 Legacy
Investment Insights
Based on property information with market context.
This 2,185-square-foot duplex, built in 1910, pairs historic character with extensive recent updates. Improvements include new flooring, remodeled bathrooms, new cabinets, granite countertops, updated AC units, and a newer roof. A wrought iron fence adds a defined exterior enclosure.
The property is within walking distance of Lone Star Brewery, Roosevelt Park, the Art Complex, and the King William District. The Riverwalk, Hemisfair Park, La Villita, and downtown San Antonio are also located nearby, placing the duplex amid established cultural, recreational, and entertainment destinations.
The two-unit configuration supports flexible ownership options, including occupying one unit while renting the other or operating the property as a rental asset.
The property is within walking distance of Lone Star Brewery, Roosevelt Park, the Art Complex, and the King William District. The Riverwalk, Hemisfair Park, La Villita, and downtown San Antonio are also located nearby, placing the duplex amid established cultural, recreational, and entertainment destinations.
The two-unit configuration supports flexible ownership options, including occupying one unit while renting the other or operating the property as a rental asset.
Key Highlights
- 2,185‑square‑foot duplex with two residential units
- Built in 1910 with historic character and modern updates
- New flooring, remodeled bathrooms, cabinets, and granite countertops
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
$25,150
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
6.82%
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%
$503,000
$503.0K
Cap Rate 7%
$359,286
$359.3K
Cap Rate 9%
$279,444
$279.4K
Market Conditions
NOI Build-Up for 2,185 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
$38.0K $17.40/SF
− Vacancy
−$2.1K −$0.96/SF
EGI
$35.9K $16.44/SF
− OpEx
−$10.8K −$4.93/SF
NOI
$25.1K $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%
$503,000
Cap Rate 7%
$359,286
Cap Rate 9%
$279,444
Alternative Uses
Best Use
Multifamily LT 5
$359.3K
$314.4K – $419.2K
NOI $25,150 @ 7.0% cap · market cap 6.82%
Second Best
Apartment 5plus
$318.8K
$279.0K – $372.0K
NOI $22,319 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$557.4K
$487.7K – $650.3K
NOI $39,015 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
415
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 - Updated two-unit property near downtown attractions, parks, and the Riverwalk.
Where is this duplex located?
The property is located at 210 Wilkens Ave San Antonio, TX.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: 2,185‑square‑foot duplex with two residential units; Built in 1910 with historic character and modern updates; New flooring, remodeled bathrooms, cabinets, and granite countertops
