Updated Duplex with Remodeled
For Sale
$224,950
1222 Gardina, San Antonio, TX 78201
Multi-Family (2-8 Units), San Antonio, TX
Property Size1,296 SF
Lot Size0.14 Acres
Price / SF$173.57
Days on Market144
Property Features for 1222 Gardina
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
0800
Standard status
Active
Size
1,296 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
3782
Building Details
Year built
1966
Listing Agency:
Alamo Real Estate Brokers
(210) 340-4959
Listed By:
Michael Guerrero
(210) 415-3010
Added: Apr 15
Changed: Sep 3
Last Checked: Sep 5 at 11:06PM
MLS# 1953580
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.
Investment Insights
Based on property information with market context.
The duplex at 1222 Gardina in San Antonio contains 1,296 square feet across two residential units. Built in 1966, both units have received interior updates that include new flooring and carpet, refinished wood floors, and refreshed bathroom fixtures. Electrical sub-panels, switches, outlets, and light fixtures have also been updated in each unit.
The property sits on a 0.135-acre lot and is located on a major bus line. Both units include a refrigerator and gas stove, providing established kitchen equipment for residential occupancy. The property is in Bexar County and carries a 78201 postal code.
The property sits on a 0.135-acre lot and is located on a major bus line. Both units include a refrigerator and gas stove, providing established kitchen equipment for residential occupancy. The property is in Bexar County and carries a 78201 postal code.
Key Highlights
- Two‑unit duplex with 1,296 square feet
- 0.135‑acre lot in San Antonio
- Built in 1966
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
$14,917
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
6.63%
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%
$298,340
$298.3K
Cap Rate 7%
$213,100
$213.1K
Cap Rate 9%
$165,744
$165.7K
Market Conditions
NOI Build-Up for 1,296 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
$22.6K $17.40/SF
− Vacancy
−$1.2K −$0.96/SF
EGI
$21.3K $16.44/SF
− OpEx
−$6.4K −$4.93/SF
NOI
$14.9K $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%
$298,340
Cap Rate 7%
$213,100
Cap Rate 9%
$165,744
Alternative Uses
Best Use
Multifamily LT 5
$213.1K
$186.5K – $248.6K
NOI $14,917 @ 7.0% cap · market cap 6.63%
Second Best
Apartment 5plus
$189.1K
$165.5K – $220.6K
NOI $13,238 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$330.6K
$289.3K – $385.7K
NOI $23,141 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,135
Businesses Nearby
Explore this area
Business Placement
Demographics for 78201, TX
42,005
Population
18,661
Households
2.3
Avg Household Size
39
Median Age
17%
College-Educated
73%
High-School Grad
7.1 sq mi
ZIP Area
5,916
Density / Sq Mi
$46,129
Median Household Income
$30,517
Median Earnings
$1,033
Median Rent
$187,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit income property with refreshed finishes, updated electrical components, and included kitchen appliances.
Where is this duplex located?
The property is located at 1222 Gardina San Antonio, TX.
What is the asking price?
The asking price for this property is $224,950.
What are key features of this property?
This property features: Two‑unit duplex with 1,296 square feet; 0.135‑acre lot in San Antonio; Built in 1966
