Three-Unit Multifamily
For Sale
$260,000
339 Kayton Avenue, San Antonio, TX 78210
Established multifamily property with wood interiors, composition roofing, cedar posts, and patio slab features.
Property Size2,010 SF
Price / SF$129.35
Days on Market305
Property Features for 339 Kayton Avenue
General Information
Standard status
Active
Size
2,010 SF
Property subtype
Multi-Family / One Story
Net Operating Income
$29,000
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,427
Amenities
Wood
Heavy Composition
Cedar Post
Pre-Owned
Conventional, Cash
Patio Slab, Cable TV Available
Building Details
Year Built
1940
Listing Agency:
Ojeda Properties
(210) 846-3247
Listed By:
Louis Retault
(210) 846-3247
Source:
Compass
Added: Nov 1, 2025
Changed: Aug 29
Last Checked: Aug 29 at 5:39PM
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 Ojeda Properties
Investment Insights
Based on property information with market context.
This three-unit multifamily property was built in 1940 and includes varied unit features, wood interior elements, heavy composition exterior construction, cedar posts, and a patio slab. Cable TV is available. Units 1 and 2 have expired leases and may be viewed by appointment, subject to scheduled access.
The property is located at 339 Kayton Avenue in San Antonio, Texas, within the Highland Park area. The source information indicates the units have historically been rented and maintained. Prospective purchasers should independently verify property dimensions, taxes, and school information.
The property is located at 339 Kayton Avenue in San Antonio, Texas, within the Highland Park area. The source information indicates the units have historically been rented and maintained. Prospective purchasers should independently verify property dimensions, taxes, and school information.
Key Highlights
- Three‑unit multifamily property at 339 Kayton Avenue, San Antonio, TX 78210
- Built in 1940
- Units 1 and 2 have expired leases and are available for scheduled viewing
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
$23,135
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
8.90%
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%
$462,700
$462.7K
Cap Rate 7%
$330,500
$330.5K
Cap Rate 9%
$257,056
$257.1K
Market Conditions
NOI Build-Up for 2,010 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
$35.0K $17.40/SF
− Vacancy
−$1.9K −$0.96/SF
EGI
$33.1K $16.44/SF
− OpEx
−$9.9K −$4.93/SF
NOI
$23.1K $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%
$462,700
Cap Rate 7%
$330,500
Cap Rate 9%
$257,056
Alternative Uses
Best Use
Multifamily LT 5
$330.5K
$289.2K – $385.6K
NOI $23,135 @ 7.0% cap · market cap 8.90%
Second Best
Apartment 5plus
$293.3K
$256.7K – $342.2K
NOI $20,532 @ 7.0% cap · market cap 7.90%
Theoretical Best
Office A
$512.7K
$448.6K – $598.2K
NOI $35,890 @ 7.0% cap · market cap 13.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
432
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?
Triplex - Established multifamily property with wood interiors, composition roofing, cedar posts, and patio slab features.
Where is this triplex located?
The property is located at 339 Kayton Avenue San Antonio, TX.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Three‑unit multifamily property at 339 Kayton Avenue, San Antonio, TX 78210; Built in 1940; Units 1 and 2 have expired leases and are available for scheduled viewing
