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Renovated Duplex in Dignowity Hill

302 Lamar San Antonio, TX 78202

Claim this Listing
For Sale
$612,990

MULTI_FAMILY - San Antonio, TX

Property size:
3,257 SF
Lot size:
0.13 Acres
Price / SF:
$188.21/SF
Added:
Mar 1, 2026
Days on Market:
135
Last Refresh:
Jul 14 at 6:06 am

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

Listing office Keller Williams Legacy 1102 E Sonterra Blvd Ste 106, San Antonio, TX

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.


Investment Insights

Based on property information with market context.

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.

Key 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.

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 (±1% cap)
NOI $37,488 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$475.3K
$415.9K – $554.5K (±1% cap)
NOI $33,270 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$830.8K
$727.0K – $969.3K (±1% cap)
NOI $58,156 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

(Bike/Boat/Book/etc) Store Acupuncture (Bike/Boat/Book/etc) Store Pet Grooming Service (Bike/Boat/Book/etc) Store Tanning Salon Nursing Home Pet Store & Service Electrical Service Fish Market

Zoning and permitted uses should be independently verified with local authorities.

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.
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