Historic Multifamily
For Sale
$315,000
221 Leigh, San Antonio, TX 78210
Built in 1907, the property is offered as-is with potential for renovation into a residence or income-producing duplex.
Property Size1,596 SF
Price / SF$197.37
Days on Market58
Property Features for 221 Leigh
General Information
Standard status
Active
Size
1,596 SF
Property subtype
Multi-Family
Building Details
Year Built
1907
Listing Agency:
Mission Real Estate Group
Listed By:
Cynthia Vasquez
(210) 690-0050
Source:
Theswinneygroup
Added: Aug 25
Changed: Oct 14
Last Checked: Oct 20 at 11:34PM
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 Mission Real Estate Group
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Investment Insights
Based on property information with market context.
Located at 221 Leigh in San Antonio’s Lavaca neighborhood, this 1,596-square-foot multifamily property was built in 1907. The property is being offered in as-is condition and presents renovation potential for conversion into a single-family home or income-producing duplex.
The property is near downtown San Antonio, the River Walk, and major attractions, placing it within an established urban neighborhood with historic character and ongoing development activity.
The property is near downtown San Antonio, the River Walk, and major attractions, placing it within an established urban neighborhood with historic character and ongoing development activity.
Key Highlights
- 1,596‑square‑foot multifamily property
- Built in 1907
- Located in Lavaca, San Antonio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,370
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,400
$367.4K
Cap Rate 7%
$262,429
$262.4K
Cap Rate 9%
$204,111
$204.1K
Market Conditions
NOI Build-Up for 1,596 SF
Gross rent
$27.8K $17.40/SF
− Vacancy
−$1.5K −$0.96/SF
EGI
$26.2K $16.44/SF
− OpEx
−$7.9K −$4.93/SF
NOI
$18.4K $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 Rate 5%
$367,400
Cap Rate 7%
$262,429
Cap Rate 9%
$204,111
Alternative Uses
Best Use
Multifamily LT 5
$262.4K
$229.6K – $306.2K
NOI $18,370 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$232.9K
$203.8K – $271.7K
NOI $16,303 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$407.1K
$356.2K – $475.0K
NOI $28,498 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,712
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Built in 1907, the property is offered as-is with potential for renovation into a residence or income-producing duplex.
Where is this multifamily property located?
The property is located at 221 Leigh San Antonio, TX.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 1,596‑square‑foot multifamily property; Built in 1907; Located in Lavaca, San Antonio
