Duplex With Additional Flex
New
For Sale
$300,000
1738 Santa Anna, San Antonio, TX 78201
Multi-Family (2-8 Units), San Antonio, TX
Property Size2,079 SF
Lot Size0.28 Acres
Price / SF$144.30
Days on Market5
Property Features for 1738 Santa Anna
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-4
Elementary school
Franklin
Middle school
Whittier
High school
Edison
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
2,079 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Annual Amount
5369
Building Details
Year built
1927
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Jesse Perez
(214) 202-7615
Added: Sep 18
Changed: Sep 21
Last Checked: Sep 22 at 12:06AM
MLS# 2017555
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 property contains 2,079 square feet on a 0.276-acre lot and includes two residential units plus additional flexible space. Built in 1927, the property is zoned R-4. One unit is occupied, while the other is available for a new tenant or use.
The property is located in San Antonio’s Los Angeles Heights Area with access to I-10. The interstate provides connections to downtown, the Medical Center, and the airport.
The property is located in San Antonio’s Los Angeles Heights Area with access to I-10. The interstate provides connections to downtown, the Medical Center, and the airport.
Key Highlights
- Two residential units plus additional flexible space
- 2,079 square feet on a 0.276‑acre lot
- One unit occupied; second unit available for a new tenant or use
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
$23,929
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
7.98%
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%
$478,580
$478.6K
Cap Rate 7%
$341,843
$341.8K
Cap Rate 9%
$265,878
$265.9K
Market Conditions
NOI Build-Up for 2,079 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
$36.2K $17.40/SF
− Vacancy
−$2.0K −$0.96/SF
EGI
$34.2K $16.44/SF
− OpEx
−$10.3K −$4.93/SF
NOI
$23.9K $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%
$478,580
Cap Rate 7%
$341,843
Cap Rate 9%
$265,878
Alternative Uses
Best Use
Multifamily LT 5
$341.8K
$299.1K – $398.8K
NOI $23,929 @ 7.0% cap · market cap 7.98%
Second Best
Apartment 5plus
$303.4K
$265.5K – $354.0K
NOI $21,237 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$530.3K
$464.0K – $618.7K
NOI $37,122 @ 7.0% cap · market cap 12.37%
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
822
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
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 - R-4-zoned property with two residential units and additional flexible space.
Where is this duplex located?
The property is located at 1738 Santa Anna San Antonio, TX.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two residential units plus additional flexible space; 2,079 square feet on a 0.276‑acre lot; One unit occupied; second unit available for a new tenant or use
