Leased Triplex Income
707 West Craig Place San Antonio, TX 78212
707 West Craig Place, San Antonio, TX, 78212
$400,000
For Sale
$400,000
Three units are currently leased, with recent upgrades including remodeled kitchens and baths and in-unit washers and dryers.
Property Size1,754 SF
Price / SF$228.05
Days on Market325
Property Features for 707 West Craig Place
General Information
- Standard status
- Active
- Size
- 1,754 SF
- Property subtype
- Multi-Family / Two Story
Building Details
- Year Built
- 1929
Listing agency
San Antonio Elite Realty
(210) 710-5326
Listed by
Jeff Smith · License #0430382
(210) 710-5326
Source
Compass
Added: Aug 31, 2025 Updated: Jul 20 at 9:04PM Checked: Jul 21 at 6:26AM
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 San Antonio Elite Realty
Investment Insights
Based on property information with market context.
This leased triplex is an income-producing property with all three units occupied. Recent improvements include roofing updates and kitchen and bath remodeling, along with flooring upgrades and additional in-unit appliances, including washers, dryers, and refrigerators in each unit. The seller reports approximately $120,000 spent on upgrades over the last couple of years.
The property is located in San Antonio, TX 78212, with access to nearby amenities including Alamo College and downtown, based on the seller’s description. The current operating status is fully leased, and the seller requests that prospective buyers do not disturb tenants.
As presented, the asset offers three rental units with documented interior and exterior upgrade work completed within the past few years.
The property is located in San Antonio, TX 78212, with access to nearby amenities including Alamo College and downtown, based on the seller’s description. The current operating status is fully leased, and the seller requests that prospective buyers do not disturb tenants.
As presented, the asset offers three rental units with documented interior and exterior upgrade work completed within the past few years.
Key Highlights
- 3 units currently leased; total rent is $3,235 per month (address: 407 Ripley)
- Recent upgrades completed in the last couple of years with approx. $120,000 spent, including roofing, kitchen and bath remodeling, and new flooring
- Upgrades added in all units: in‑unit washers, dryers, and refrigerators
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.5k | $17.40 |
| − Vacancy | −$1.7k | −$0.96 |
| EGI | $28.8k | $16.44 |
| − OpEx | −$8.7k | −$4.93 |
| NOI | $20.2k | $11.51 |
1,754 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$288.4K
$252.4K – $336.5K
NOI $20,189 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$256.0K
$224.0K – $298.6K
NOI $17,917 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$447.4K
$391.5K – $522.0K
NOI $31,319 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Three units are currently leased, with recent upgrades including remodeled kitchens and baths and in-unit washers and dryers.
Where is this triplex located?
The property is located at 707 West Craig Place San Antonio, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 3 units currently leased; total rent is $3,235 per month (address: 407 Ripley); Recent upgrades completed in the last couple of years with approx. $120,000 spent, including roofing, kitchen and bath remodeling, and new flooring; Upgrades added in all units: in‑unit washers, dryers, and refrigerators
