Modern Two-Unit
For Sale
$350,000
2902 S Laredo St, San Antonio, TX 78207
Multi-Family (2-8 Units), San Antonio, TX
Property Size2,025 SF
Lot Size0.10 Acres
Price / SF$172.84
Days on Market81
Property Features for 2902 S Laredo St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MF-33
Elementary school
Call District
Middle school
Call District
High school
Call District
Elementary school district
CALL DISTRICT
Middle school district
CALL DISTRICT
High school district
CALL DISTRICT
Subdivision
0700
Standard status
Active
Size
2,025 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
6084
Utilities
Cooling system
Central Air
Building Details
Year built
2022
Listing Agency:
Uriah Real Estate Organization
(830) 600-5263
Listed By:
Uri Uriah · License #9002555
(210) 315-8885
Added: Jun 9
Changed: Aug 27
Last Checked: Aug 28 at 6:06PM
MLS# 1990291
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.
Built in 2022, this 2,025-square-foot duplex contains two residential units, each configured with two bedrooms and two bathrooms. Modern finishes, functional layouts, central air conditioning, and separate utility meters support efficient day-to-day operation. The property sits on a 0.10-acre lot and carries MF-33 zoning.
Located at 2902 S Laredo St in San Antonio, the property offers access to I-35, I-10, and US-90. Downtown San Antonio, Market Square, Southtown, the San Antonio River Walk, and the Lone Star District are within the surrounding urban area, with parks, retail, dining, and redevelopment activity also noted nearby.
Located at 2902 S Laredo St in San Antonio, the property offers access to I-35, I-10, and US-90. Downtown San Antonio, Market Square, Southtown, the San Antonio River Walk, and the Lone Star District are within the surrounding urban area, with parks, retail, dining, and redevelopment activity also noted nearby.
Key Highlights
- Two‑unit duplex built in 2022
- Each unit offers 2 bedrooms and 2 bathrooms
- 2,025 square feet on a 0.10‑acre lot
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
$23,308
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
6.66%
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%
$466,160
$466.2K
Cap Rate 7%
$332,971
$333.0K
Cap Rate 9%
$258,978
$259.0K
Market Conditions
NOI Build-Up for 2,025 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
$35.2K $17.40/SF
− Vacancy
−$1.9K −$0.96/SF
EGI
$33.3K $16.44/SF
− OpEx
−$10.0K −$4.93/SF
NOI
$23.3K $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%
$466,160
Cap Rate 7%
$332,971
Cap Rate 9%
$258,978
Alternative Uses
Best Use
Multifamily LT 5
$333.0K
$291.4K – $388.5K
NOI $23,308 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$295.5K
$258.6K – $344.8K
NOI $20,685 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$516.5K
$452.0K – $602.6K
NOI $36,158 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
738
Businesses Nearby
Explore this area
Business Placement
Demographics for 78207, TX
51,705
Population
18,750
Households
2.8
Avg Household Size
34
Median Age
6%
College-Educated
62%
High-School Grad
7.3 sq mi
ZIP Area
7,083
Density / Sq Mi
$30,655
Median Household Income
$23,696
Median Earnings
$857
Median Rent
$93,200
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?
Duplex - Two residential units feature contemporary finishes, individual utility metering, and central air conditioning.
Where is this duplex located?
The property is located at 2902 S Laredo St San Antonio, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2022; Each unit offers 2 bedrooms and 2 bathrooms; 2,025 square feet on a 0.10‑acre lot
