Triplex with Furnished
For Sale
$299,950
423 W MAGNOLIA AVE, San Antonio, TX 78212
Multi-Family (2-8 Units), San Antonio, TX
Property Size2,125 SF
Lot Size0.14 Acres
Price / SF$141.15
Days on Market162
Property Features for 423 W MAGNOLIA AVE
General Information
Property type
Residential Multi Family
Property subtype
Other
Elementary school
Call District
Middle school
Call District
High school
Call District
Elementary school district
San Antonio I.S.D.
Middle school district
San Antonio I.S.D.
High school district
San Antonio I.S.D.
Subdivision
0900
Standard status
Active
Size
2,125 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
8070
Utilities
Cooling system
Central Air
Amenities
High ceilings
open floor plan
renovated hardwood floors
tile floors in kitchen/baths
all appliances included
Building Details
Year built
1900
Listing Agency:
Houses In San Antonio
(210) 823-4560
Listed By:
Angie Borras
(210) 366-1162
Added: May 14
Changed: Oct 19
Last Checked: Oct 22 at 2:06PM
MLS# 1966513
Copyright © 2026 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,125-square-foot triplex contains three residences, with two currently leased and the remaining unit furnished for short-term rental use. Interior features include high ceilings, an open layout, renovated hardwood flooring, and tile in the kitchens and bathrooms. Appliances are included, and central air serves the property. The building dates to 1900 and occupies a 0.144-acre parcel.
A large living area and separate dining area provide additional interior space. Private parking is located at the rear of the property at 423 W Magnolia Ave in San Antonio.
A large living area and separate dining area provide additional interior space. Private parking is located at the rear of the property at 423 W Magnolia Ave in San Antonio.
Key Highlights
- Three‑unit property totaling 2,125 square feet
- Two residences are leased; the third is furnished for short‑term rental use
- 0.144‑acre parcel with private parking at the rear
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,116
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Two apartments are leased, and the furnished third residence is prepared for short-term rental use.
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: Three‑unit property totaling 2,125 square feet; Two residences are leased; the third is furnished for short‑term rental use; 0.144‑acre parcel with private parking at the rear
