New Construction Three-Unit
For Sale
$680,000
726 Arthur St, San Antonio, TX 78202
Recently completed multifamily property with separately metered residences, private fenced yards, and flexible occupancy options.
Property Size4,491 SF
Price / SF$151.41
Days on Market27
Property Features for 726 Arthur St
General Information
Standard status
Active
Size
4,491 SF
Property subtype
Multi-Family
Units
Unit Mix
3 x 4BR
Multifamily Units
3
Additional Details
Utilities to Site
Yes
Sprinkler System
Yes
Amenities
central air conditioning
stainless steel appliances
private fenced backyards
Building Details
Year Built
2026
Listing Agency:
M. Stagers Realty Partners
(210) 305-5665
Listed By:
Melissa Stagers
Source:
Shebaramos
Added: Aug 3
Changed: Aug 28
Last Checked: Aug 29 at 12:27PM
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 M. Stagers Realty Partners
Investment Insights
Based on property information with market context.
Completed in July 2026, this triplex contains three independent four-bedroom residences, with bathrooms on every floor. Each unit includes wide-plank LVP flooring, quartz countertops, stainless steel appliances, central air conditioning, fire sprinklers, and a private fenced backyard. Separate water and electric meters serve the units individually. The fourth bedroom in each residence can accommodate use as an office, sitting area, or expanded closet, while the third floor may function as a private suite.
The property is positioned across from a park and playground, with a basketball court nearby. Downtown is readily accessible, and the Spurs arena is within walking distance. One unit is leased through June 2027, while leasing activity is underway for the remaining residences. The property also offers flexibility for owner occupancy, long-term leasing, short-term rentals, or a combination of uses.
The property is positioned across from a park and playground, with a basketball court nearby. Downtown is readily accessible, and the Spurs arena is within walking distance. One unit is leased through June 2027, while leasing activity is underway for the remaining residences. The property also offers flexibility for owner occupancy, long-term leasing, short-term rentals, or a combination of uses.
Key Highlights
- Three separate four‑bedroom units, each with bathrooms on every floor
- Completed in July 2026
- Separate water and electric meters for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,692
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,033,840
$1.0M
Cap Rate 7%
$738,457
$738.5K
Cap Rate 9%
$574,356
$574.4K
Market Conditions
NOI Build-Up for 4,491 SF
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.
Gross rent
$78.1K $17.40/SF
− Vacancy
−$4.3K −$0.96/SF
EGI
$73.8K $16.44/SF
− OpEx
−$22.2K −$4.93/SF
NOI
$51.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,033,840
Cap Rate 7%
$738,457
Cap Rate 9%
$574,356
Alternative Uses
Best Use
Multifamily LT 5
$738.5K
$646.2K – $861.5K
NOI $51,692 @ 7.0% cap · market cap 7.60%
Second Best
Apartment 5plus
$655.4K
$573.4K – $764.6K
NOI $45,875 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,190 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
678
Businesses Nearby
Explore this area
Business Placement
Demographics for 78202, TX
11,422
Population
5,288
Households
2.2
Avg Household Size
34
Median Age
26%
College-Educated
77%
High-School Grad
2.3 sq mi
ZIP Area
4,966
Density / Sq Mi
$43,708
Median Household Income
$36,390
Median Earnings
$1,218
Median Rent
$223,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Recently completed multifamily property with separately metered residences, private fenced yards, and flexible occupancy options.
Where is this triplex located?
The property is located at 726 Arthur St San Antonio, TX.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Three separate four‑bedroom units, each with bathrooms on every floor; Completed in July 2026; Separate water and electric meters for each residence
