Triplex with Private
For Sale
$299,950
423 W Magnolia Ave, San Antonio, TX 78212
Two units are leased, while the furnished third unit is ready for short-term leasing.
Property Size2,125 SF
Price / SF$141.15
Days on Market75
Property Features for 423 W Magnolia Ave
General Information
Standard status
Active
Size
2,125 SF
Property subtype
Multi-Family
Building Details
Year Built
1900
Listing Agency:
Houses In San Antonio
Listed By:
Angie Borras · License #0449365
(210) 366-1162
Source:
Theswinneygroup
Added: Aug 3
Changed: Oct 7
Last Checked: Oct 7 at 1:23PM
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 Houses In San Antonio
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Investment Insights
Based on property information with market context.
This 2,125-square-foot triplex was built in 1900 and includes three residential units. Two are currently leased, and the remaining unit is furnished and prepared for short-term leasing. Interior features include high ceilings, an open floor plan, substantial living and dining areas, renovated hardwood flooring, and tile floors in the kitchens and bathrooms. Appliances are included, and private parking is available at the rear of the property.
The property is located at 423 W Magnolia Ave in San Antonio, with access to major thoroughfares, public transportation, downtown, shopping, restaurants, and cafes. Its setting is described as a historic area with a quiet neighborhood atmosphere and long-time residents nearby.
The property is located at 423 W Magnolia Ave in San Antonio, with access to major thoroughfares, public transportation, downtown, shopping, restaurants, and cafes. Its setting is described as a historic area with a quiet neighborhood atmosphere and long-time residents nearby.
Key Highlights
- 2,125 SF triplex with three residential units
- Built in 1900
- Two units are presently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,459
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,180
$489.2K
Cap Rate 7%
$349,414
$349.4K
Cap Rate 9%
$271,767
$271.8K
Market Conditions
NOI Build-Up for 2,125 SF
Gross rent
$37.0K $17.40/SF
− Vacancy
−$2.0K −$0.96/SF
EGI
$34.9K $16.44/SF
− OpEx
−$10.5K −$4.93/SF
NOI
$24.5K $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 Rate 5%
$489,180
Cap Rate 7%
$349,414
Cap Rate 9%
$271,767
Alternative Uses
Best Use
Multifamily LT 5
$349.4K
$305.7K – $407.7K
NOI $24,459 @ 7.0% cap · market cap 8.15%
Second Best
Apartment 5plus
$310.1K
$271.3K – $361.8K
NOI $21,706 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$542.1K
$474.3K – $632.4K
NOI $37,944 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,116
Businesses Nearby
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Business Placement
Demographics for 78212, TX
26,738
Population
13,399
Households
2
Avg Household Size
39
Median Age
39%
College-Educated
85%
High-School Grad
6.9 sq mi
ZIP Area
3,875
Density / Sq Mi
$60,222
Median Household Income
$40,037
Median Earnings
$1,084
Median Rent
$299,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Two units are leased, while the furnished third unit is ready for short-term leasing.
Where is this triplex located?
The property is located at 423 W Magnolia Ave San Antonio, TX.
What is the asking price?
The asking price for this property is $299,950.
What are key features of this property?
This property features: 2,125 SF triplex with three residential units; Built in 1900; Two units are presently leased
