Refreshed Duplex with Large
New
For Sale
$229,900
127 DIMMIT ST, San Antonio, TX 78223
Multi-Family (2-8 Units), San Antonio, TX
Property Size1,472 SF
Lot Size0.16 Acres
Price / SF$156.18
Days on Market4
Property Features for 127 DIMMIT ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Elementary school
Riverside Park
Middle school
Page Middle
High school
Brackenridge
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
1900
Standard status
Active
Size
1,472 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
4149
Building Details
Year built
1910
Listing Agency:
Mission Real Estate Group
(210) 690-0050
Listed By:
Erik Serna-Hernandez
(210) 833-8137
Added: Sep 19
Changed: Sep 20
Last Checked: Sep 22 at 2:06AM
MLS# 2017738
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.
This duplex contains 1,472 square feet across two separate units. Unit A includes 2 bedrooms and 2 full baths, with refreshed wall texture, new interior paint, and refurbished cabinetry. Unit B provides 1 bedroom, 1 bath, a spacious pantry, and functional living areas. Both units are described as ready for occupancy, while the property’s 0.161-acre lot includes a large backyard.
Built in 1910, the property is located in San Antonio, TX 78223, with access to major highways, shopping, dining, and everyday amenities. The two-unit configuration supports separate residential layouts within one income-producing property.
Built in 1910, the property is located in San Antonio, TX 78223, with access to major highways, shopping, dining, and everyday amenities. The two-unit configuration supports separate residential layouts within one income-producing property.
Key Highlights
- Two separate residential units totaling 1,472 square feet
- Unit A has 2 bedrooms, 2 full baths, new wall texture, fresh paint, and refurbished cabinetry
- Unit B includes 1 bedroom, 1 bath, and a spacious pantry
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
$15,107
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
6.57%
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%
$302,140
$302.1K
Cap Rate 7%
$215,814
$215.8K
Cap Rate 9%
$167,856
$167.9K
Market Conditions
NOI Build-Up for 1,472 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
$23.8K $16.20/SF
− Vacancy
−$2.3K −$1.54/SF
EGI
$21.6K $14.66/SF
− OpEx
−$6.5K −$4.40/SF
NOI
$15.1K $10.26/SF
Area
ZIP 78223
Vacancy
9.50%
Lease Rate
$16.20 /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%
$302,140
Cap Rate 7%
$215,814
Cap Rate 9%
$167,856
Alternative Uses
Best Use
Multifamily LT 5
$215.8K
$188.8K – $251.8K
NOI $15,107 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$187.4K
$164.0K – $218.6K
NOI $13,116 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$354.0K
$309.7K – $413.0K
NOI $24,779 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
Explore this area
Business Placement
Demographics for 78223, TX
55,705
Population
22,278
Households
2.5
Avg Household Size
35
Median Age
12%
College-Educated
78%
High-School Grad
40.9 sq mi
ZIP Area
1,362
Density / Sq Mi
$50,352
Median Household Income
$33,762
Median Earnings
$1,054
Median Rent
$156,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential income property with updated interiors, flexible layouts, and outdoor space for occupants.
Where is this duplex located?
The property is located at 127 DIMMIT ST San Antonio, TX.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Two separate residential units totaling 1,472 square feet; Unit A has 2 bedrooms, 2 full baths, new wall texture, fresh paint, and refurbished cabinetry; Unit B includes 1 bedroom, 1 bath, and a spacious pantry
