Occupied Triplex with Central
For Sale
$310,000
2907 N Elmendorf, San Antonio, TX 78201
Three occupied units feature individual utility metering, central HVAC, and appliances.
Property Size2,146 SF
Price / SF$144.45
Days on Market83
Property Features for 2907 N Elmendorf
General Information
Standard status
Active
Size
2,146 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Gross Income
$31,500
Highway Access
Yes
Multifamily Units
3
Building Details
Year Built
1984
Listing Agency:
iHome Realty
Listed By:
Eduardo Arroyos
(210) 625-2363
Source:
Shebaramos
Added: Jul 17
Changed: Oct 3
Last Checked: Oct 6 at 12:38AM
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 iHome Realty
Investment Insights
Based on property information with market context.
This 2,146-square-foot triplex, built in 1984, contains three occupied units. The property includes central HVAC systems, a mix of wood and vinyl flooring, and essential appliances in each unit. Individual utility metering serves the units separately.
Located at 2907 N Elmendorf in San Antonio’s Woodlawn Terrace subdivision, the property is near Woodlawn Lake Park, local shopping, and major highways. The address places the asset within an established residential setting with access to nearby community amenities and regional road connections.
Located at 2907 N Elmendorf in San Antonio’s Woodlawn Terrace subdivision, the property is near Woodlawn Lake Park, local shopping, and major highways. The address places the asset within an established residential setting with access to nearby community amenities and regional road connections.
Key Highlights
- Three occupied units in a triplex configuration
- 2,146 square feet; built in 1984
- Individual utility metering for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,701
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,020
$494.0K
Cap Rate 7%
$352,871
$352.9K
Cap Rate 9%
$274,456
$274.5K
Market Conditions
NOI Build-Up for 2,146 SF
Gross rent
$37.3K $17.40/SF
− Vacancy
−$2.1K −$0.96/SF
EGI
$35.3K $16.44/SF
− OpEx
−$10.6K −$4.93/SF
NOI
$24.7K $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%
$494,020
Cap Rate 7%
$352,871
Cap Rate 9%
$274,456
Alternative Uses
Best Use
Multifamily LT 5
$352.9K
$308.8K – $411.7K
NOI $24,701 @ 7.0% cap · market cap 7.97%
Second Best
Apartment 5plus
$313.2K
$274.0K – $365.4K
NOI $21,921 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$547.4K
$479.0K – $638.7K
NOI $38,319 @ 7.0% cap · market cap 12.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
720
Businesses Nearby
Explore this area
Business Placement
Demographics for 78201, TX
42,005
Population
18,661
Households
2.3
Avg Household Size
39
Median Age
17%
College-Educated
73%
High-School Grad
7.1 sq mi
ZIP Area
5,916
Density / Sq Mi
$46,129
Median Household Income
$30,517
Median Earnings
$1,033
Median Rent
$187,400
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three occupied units feature individual utility metering, central HVAC, and appliances.
Where is this triplex located?
The property is located at 2907 N Elmendorf San Antonio, TX.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Three occupied units in a triplex configuration; 2,146 square feet; built in 1984; Individual utility metering for each unit
