Multifamily Property with Townhouse
For Sale
$715,000
21410-21414 James Charles, San Antonio, TX 78256
Multi-Family (2-8 Units), San Antonio, TX
Property Size3,552 SF
Lot Size0.11 Acres
Price / SF$201.30
Days on Market120
Property Features for 21410-21414 James Charles
General Information
Property type
Residential Multi Family
Property subtype
Other
Elementary school
Call District
Middle school
Call District
High school
Call District
Elementary school district
Northside
Middle school district
Northside
High school district
Northside
Subdivision
1002
Standard status
Active
Size
3,552 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
15756
HOA Fee
$600 Annually
Amenities
secure gated community
Building Details
Year built
2021
Listing Agency:
Mission San Antonio Property Management
Listed By:
Eddie Martin
(210) 725-8194
Added: May 20
Changed: Sep 3
Last Checked: Sep 16 at 4:06PM
MLS# 1968166
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 multifamily property presents a three-story townhouse design with 3,552 square feet of building area on a 0.114-acre lot. Constructed in 2021, the residence features stainless steel appliances, granite countertops, and finished kitchen and bathroom areas. The property is located within the Preserve @ The Dominion, a gated community in San Antonio.
The setting places the property near The Shops at La Cantera, The Rim, and nearby dining and entertainment. It is also associated with Northside ISD. The address is 21410-21414 James Charles, San Antonio, TX 78256.
The setting places the property near The Shops at La Cantera, The Rim, and nearby dining and entertainment. It is also associated with Northside ISD. The address is 21410-21414 James Charles, San Antonio, TX 78256.
Key Highlights
- 3,552‑square‑foot multifamily property with three‑story townhouse design
- Built in 2021 on a 0.114‑acre lot
- Located in the Preserve @ The Dominion gated community
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
$36,283
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
5.07%
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%
$725,660
$725.7K
Cap Rate 7%
$518,329
$518.3K
Cap Rate 9%
$403,144
$403.1K
Market Conditions
NOI Build-Up for 3,552 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
$70.3K $19.80/SF
− Vacancy
−$4.4K −$1.23/SF
EGI
$66.0K $18.57/SF
− OpEx
−$29.7K −$8.36/SF
NOI
$36.3K $10.21/SF
Area
San Antonio, TX
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
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%
$725,660
Cap Rate 7%
$518,329
Cap Rate 9%
$403,144
Alternative Uses
Best Use
Apartment 5plus
$518.3K
$453.5K – $604.7K
NOI $36,283 @ 7.0% cap · market cap 5.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$906.1K
$792.8K – $1.06M
NOI $63,424 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
332
Businesses Nearby
Explore this area
Business Placement
Demographics for 78256, TX
13,643
Population
6,592
Households
2.1
Avg Household Size
30
Median Age
59%
College-Educated
94%
High-School Grad
8.0 sq mi
ZIP Area
1,705
Density / Sq Mi
$72,797
Median Household Income
$52,110
Median Earnings
$1,545
Median Rent
$494,400
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?
Multifamily property - Three-story townhouse in a gated community near major shopping, dining, and entertainment destinations.
Where is this multifamily property located?
The property is located at 21410-21414 James Charles San Antonio, TX.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: 3,552‑square‑foot multifamily property with three‑story townhouse design; Built in 2021 on a 0.114‑acre lot; Located in the Preserve @ The Dominion gated community
