Three-Unit
510 E LOCUST ST, San Antonio, TX 78212
For Sale
$500,000
Multi-Family (2-8 Units), San Antonio, TX
Property Size2,583 SF
Lot Size0.22 Acres
Price / SF$193.57
Days on Market97
Property Features for 510 E LOCUST ST
General Information
Property type
Property subtype
Elementary school
High school
Elementary school district
Middle school district
High school district
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Building Details
Year built
Buildings
Listing Agency:
Davalos & Associates · Century 21 Real Estate
(210) 734-7253
Listed By:
Joe Davalos
(210) 573-3560
Added: Aug 6
Changed: Nov 2
Last Checked: Nov 10 at 8:06PM
MLS# 2006160
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.
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Investment Insights
Based on property information with market context.
This triplex comprises two buildings, with two units in the front structure and one unit in a detached rear building. The property contains 2,583 square feet on a 0.215-acre lot and was built in 1922.
The San Antonio property is located near the Pearl District, downtown, Brackenridge Park, and the Witte Museum.
The San Antonio property is located near the Pearl District, downtown, Brackenridge Park, and the Witte Museum.
Key Highlights
- Three units across a front building and detached rear building
- 2,583 square feet of property area
- 0.215‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,731
Cap Rate
5.95%
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 5.95%
Second Best
Apartment 5plus
$376.9K
$329.8K – $439.8K
NOI $26,385 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$658.9K
$576.5K – $768.7K
NOI $46,122 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,601
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
$299,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in San Antonio, TX
Properties on Market for Triplexes in San Antonio
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - A two-building configuration places two residences in the front structure and a third in a separate rear building.
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 $500,000.
What are key features of this property?
This property features: Three units across a front building and detached rear building; 2,583 square feet of property area; 0.215‑acre lot
