222 REDWOOD ST Alamo Heights, TX 78209
MULTI_FAMILY - Alamo Heights, TX
Property Features for 222 REDWOOD ST
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- OCL
- Standard status
- Active
- Size
- 2,010 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Annual Amount
- 11045
Building Details
- Year built
- 1934
Listing agent Charles Gafford (210) 696-9996
Listing office Keller Williams City-View 15510 Vance Jackson Rd, San Antonio, TX (210) 696-9996
Listing date Jul 2, 2026
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 property is located in Alamo Heights, TX 78209, and is within highly regarded Alamo Heights ISD. It’s positioned for convenient access to shopping, dining, downtown San Antonio, and major employers, making it workable for a range of household and operating needs.
This configuration suits an owner-occupant looking for additional space for guests or a home office, or for buyers who want on-site rental flexibility with two 1-bedroom units plus the detached studio casita. The two main residences are described as matching units with the potential to be combined into a larger single-family home, depending on how the property is managed and used.
Key Highlights
- 1934‑built property on a 0.20‑acre corner peninsula lot
- Three separate living spaces: two 1‑bedroom, 1‑bath residences plus a detached studio casita
- East unit features an updated kitchen and bath, breakfast room, and a gas‑burning fireplace
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 | $32.6k | $16.20 |
| − Vacancy | −$2.3k | −$1.15 |
| EGI | $30.2k | $15.05 |
| − OpEx | −$9.1k | −$4.51 |
| NOI | $21.2k | $10.53 |
