Multifamily Townhome
For Sale
$1,118,000
303 San Salvador, San Antonio, TX 78210
Leased townhomes offer low-maintenance layouts with private fenced backyards and no HOA.
Property Size7,168 SF
Price / SF$155.97
Days on Market23
Property Features for 303 San Salvador
General Information
Standard status
Active
Size
7,168 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Building Details
Year Built
2022
Buildings
2
Listing Agency:
Suburban Spaces, LLC
(210) 262-1808
Listed By:
Chad Nall · License #550904
Source:
Thebranchinc
Added: Aug 7
Changed: Aug 29
Last Checked: Aug 25 at 5:38AM
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 Suburban Spaces, LLC
Investment Insights
Based on property information with market context.
Built in 2022, this 7,168-square-foot multifamily property consists of newer-construction townhomes with open floor plans, quartz countertops, and private, fully fenced backyards. The residences are professionally managed and under leases, while the property operates without an HOA.
The asset is located at 303 San Salvador in San Antonio, near downtown and within reach of major corridors, employers, and retail. Its townhome configuration and updated interior finishes provide a clearly defined residential income profile in a centralized setting.
The asset is located at 303 San Salvador in San Antonio, near downtown and within reach of major corridors, employers, and retail. Its townhome configuration and updated interior finishes provide a clearly defined residential income profile in a centralized setting.
Key Highlights
- 7,168‑square‑foot multifamily property built in 2022
- Newer‑construction townhomes with open floor plans and quartz countertops
- Private, fully fenced backyards for the residences
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
$82,504
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
7.38%
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%
$1,650,080
$1.7M
Cap Rate 7%
$1,178,629
$1.2M
Cap Rate 9%
$916,711
$916.7K
Market Conditions
NOI Build-Up for 7,168 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
$124.7K $17.40/SF
− Vacancy
−$6.9K −$0.96/SF
EGI
$117.9K $16.44/SF
− OpEx
−$35.4K −$4.93/SF
NOI
$82.5K $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%
$1,650,080
Cap Rate 7%
$1,178,629
Cap Rate 9%
$916,711
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.03M – $1.38M
NOI $82,504 @ 7.0% cap · market cap 7.38%
Second Best
Apartment 5plus
$1.05M
$915.3K – $1.22M
NOI $73,220 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,990 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
319
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?
Multifamily property - Leased townhomes offer low-maintenance layouts with private fenced backyards and no HOA.
Where is this multifamily property located?
The property is located at 303 San Salvador San Antonio, TX.
What is the asking price?
The asking price for this property is $1,118,000.
What are key features of this property?
This property features: 7,168‑square‑foot multifamily property built in 2022; Newer‑construction townhomes with open floor plans and quartz countertops; Private, fully fenced backyards for the residences
