Triplex With Detached Rear
For Sale
$600,000
510 E Locust St, San Antonio, TX 78212
Multifamily property arranged across a front building and a separate rear structure.
Property Size2,583 SF
Price / SF$232.29
Days on Market49
Property Features for 510 E Locust St
General Information
Standard status
Active
Size
2,583 SF
Property subtype
Multi-Family
Building Details
Year Built
1922
Buildings
2
Listing Agency:
Davalos & Associates
Listed By:
Joe Davalos
(210) 573-3560
Source:
Mlsluxurygroup
Added: Aug 20
Changed: Oct 3
Last Checked: Oct 5 at 9:18PM
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 Davalos & Associates
Investment Insights
Based on property information with market context.
This 2,583-square-foot triplex is configured in two buildings. The front structure contains two residential units, while a detached rear building provides the third unit, creating a distinct multi-building layout for residential income use.
The property is located near San Antonio’s Pearl District, Brackenridge Park, Witte Museum, and downtown. Its three-unit configuration and separate rear structure provide the defining physical characteristics of the asset.
The property is located near San Antonio’s Pearl District, Brackenridge Park, Witte Museum, and downtown. Its three-unit configuration and separate rear structure provide the defining physical characteristics of the asset.
Key Highlights
- 2,583 SF triplex
- Three residential units across two buildings
- Front building contains 2 units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,731
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,620
$594.6K
Cap Rate 7%
$424,729
$424.7K
Cap Rate 9%
$330,344
$330.3K
Market Conditions
NOI Build-Up for 2,583 SF
Gross rent
$44.9K $17.40/SF
− Vacancy
−$2.5K −$0.96/SF
EGI
$42.5K $16.44/SF
− OpEx
−$12.7K −$4.93/SF
NOI
$29.7K $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%
$594,620
Cap Rate 7%
$424,729
Cap Rate 9%
$330,344
Alternative Uses
Best Use
Multifamily LT 5
$424.7K
$371.6K – $495.5K
NOI $29,731 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$376.9K
$329.8K – $439.8K
NOI $26,385 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$658.9K
$576.5K – $768.7K
NOI $46,122 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,601
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
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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 - Multifamily property arranged across a front building and a separate rear structure.
Where is this triplex located?
The property is located at 510 E Locust St San Antonio, TX.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 2,583 SF triplex; Three residential units across two buildings; Front building contains 2 units
