Renovated Duplex in Dignowity
302 Lamar, San Antonio, TX 78202
MULTI_FAMILY - San Antonio, TX
Property size:
3,257 SFLot size:
0.13 AcresPrice / SF:
$188/SF- Added:
- Mar 1, 2026
- Days on Market:
- 89
- Last Refresh:
- May 29 at 6:06 pm
Property Features for 302 Lamar
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 3,257 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Annual Amount
- 12116
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1922
Listing agent Kristen Schramme (210) 482-3200
Listing office Keller Williams Legacy 1102 E Sonterra Blvd Ste 106, San Antonio, TX (210) 482-3200
Listing date Mar 1, 2026
MLS# 1942365
Listing URL
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.
HighLights
- Two renovated units (4 bed/3 bath & 4 bed/2.5 bath) ideal for owner‑occupancy with rental income or investment.
- Eligible for Rehabilitation Tax Incentive in the Dignowity Hill Historic District (potential property tax exemptions).
- Modern finishes throughout, including wood‑look vinyl plank flooring, granite countertops, and stainless steel appliances.
- Open‑concept layouts with soaring ceilings and expansive windows providing abundant natural light.
- Prime location in the heart of the lively Dignowity Hill Historic District.
- Minutes from Downtown San Antonio, Riverwalk, Pearl, and other key attractions.
Overview
This renovated duplex features two units, one with 4 bedrooms and 3 baths, and the other with 4 bedrooms and 2.5 baths. It is suitable for investors or owner-occupants seeking rental income. Each unit includes modern finishes, wood-look vinyl plank flooring, high ceilings, and granite countertops. The open-concept layouts are filled with natural light due to large windows, showcasing kitchens with stainless steel appliances. Both units have spacious bedrooms and living areas. A private outdoor area is available for entertaining or relaxing. Located in the Dignowity Hill Historic District, the property is eligible for the Rehabilitation Tax Incentive. Properties in local historic districts that undergo significant rehabilitation may qualify for tax exemptions, generally for work extending a building's life, such as improvements to the roof, foundation, or interior. Options include a 10-year freeze on city property taxes at the pre-rehabilitation value, or no city taxes for the first 5 years after rehabilitation. These exemptions transfer with the property even if ownership changes. The property is located minutes from Downtown San Antonio, the Riverwalk, the Tobin Center for the Performing Arts, the Pearl, UTSA Downtown, the Alamo, the Alamodome, Frost Bank Center, and premier shopping, dining, and entertainment destinations. The property size is 3257 square feet and the lot size is 0.125 acres.
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 | $56.7k | $17.40 |
| − Vacancy | −$3.1k | −$0.96 |
| EGI | $53.6k | $16.44 |
| − OpEx | −$16.1k | −$4.93 |
| NOI | $37.5k | $11.51 |
3,257 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$535.5K
$468.6K – $624.8K
NOI $37,488 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$475.3K
$415.9K – $554.5K
NOI $33,270 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$830.8K
$727.0K – $969.3K
NOI $58,156 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- San Antonio
- County
- Comal
- State
- Texas
- Longitude
- -98.476074
- Latitude
- 29.431218
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Renovated duplex with modern finishes in historic Dignowity Hill.
Where is this duplex located?
The property is located at 302 Lamar San Antonio, TX.
What is the asking price?
The asking price for this property is $612,990.
What are key features of this property?
This property features: Two renovated units (4 bed/3 bath & 4 bed/2.5 bath) ideal for owner‑occupancy with rental income or investment.; Eligible for Rehabilitation Tax Incentive in the Dignowity Hill Historic District (potential property tax exemptions).; Modern finishes throughout, including wood‑look vinyl plank flooring, granite countertops, and stainless steel appliances.
