Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    302 Lamar San Antonio, TX 78202

    Sponsored
    For Sale
    $612,990

    MULTI_FAMILY - San Antonio, TX

    Property size:
    3,257 SF
    Lot size:
    0.13 Acres
    Days on Market:
    4
    Last Refresh:
    Feb 21 at 4:06 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

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1922

    We can help!

    Listing Contact
    Kristen Schramme

    San Antonio Legacy Group, LLC dba Keller Williams Legacy Group (210) 482-3200

    Listing agent Kristen Schramme (210) 482-3200

    Listing date Feb 18, 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.

    Learn more

    Property Insight Report

    Overview

    Renovated Duplex in Dignowity Hill

    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 feature natural light and sleek kitchens with stainless steel appliances. Both units have spacious bedrooms and living areas. A private outdoor area is available for entertaining or relaxing. The property is located in the Dignowity Hill Historic District and 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, like 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 has a lot size of 0.125 acres and a property size of 3257 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Dental Office Spa & Massage Center Hair Salon Law Firm Restaurant Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Comal
    State
    Texas
    Longitude
    -98.476074
    Latitude
    29.431218

    Nearby Similar for Sale

    • $479,000
      1,759 SF

      Remodeled Duplex Ready for Airbnb

      Remodeled duplex, fully furnished, ready for short term rentals.
      2028 W Woodlawn Ave, San Antonio, TX 78201
      View Details
    • $740,000
      3,550 SF

      Modern Duplex Near Alamodome

      Three-story duplex in Denver Heights, suitable for various uses.
      125 Dashiell St, San Antonio, TX 78203
      View Details
    • $654,000
      3,854 SF

      San Antonio Fourplex Near Downtown

      Centrally located fourplex with strong rental potential.
      255 Natalen Ave, San Antonio, TX 78209
      View Details
    • $925,000
      4,976 SF

      Spacious Fourplex in San Antonio

      Four well-designed units on a generous one-acre lot.
      804-808-812-816 Ryan Xing, San Antonio, TX 78253
      View Details
    • New
      $599,000
      2,797 SF

      Charming Triplex in Monte Vista

      Turnkey triplex in desirable Monte Vista neighborhood near The Pearl.
      141 E Woodlawn Ave, San Antonio, TX 78212
      View Details
    • $505,990
      3,010 SF

      New Duplexes in Gated Community

      New duplexes in San Antonio with attractive financing options.
      12352 Montgomery Frst, San Antonio, TX 78252
      View Details
    • $985,000
      5,448 SF

      San Antonio Multifamily Investment Opportunity

      Gated community near Lackland AFB with modern, stylish units.
      8406 Via Pisa, San Antonio, TX 78227
      View Details
    • $575,000
      3,213 SF

      San Antonio Fourplex Near Downtown

      Four-unit property near downtown San Antonio with hotel conversion potential.
      215 Blanco Rd, San Antonio, TX 78212
      View Details
    • $325,000
      1,548 SF

      Renovated Duplex Investment Property

      Turn-key duplex producing impressive rental returns near downtown San Antonio.
      5411 Jose Ln, San Antonio, TX 78227
      View Details
    • $730,000
      2,080 SF

      Renovated Multifamily Property in Alta Vista

      Fully renovated four-unit multifamily property near Downtown San Antonio.
      834 W Russell Pl, San Antonio, TX 78212
      View Details
    • $299,000
      1,430 SF

      Multifamily Property with Income Potential

      Multigenerational living or income property in central San Antonio.
      2106 Saunders Ave, San Antonio, TX 78207
      View Details
    • $490,000
      Pending

      San Antonio Duplex For Sale

      Well-designed duplex with spacious units, ideal for owner-occupants or investors.
      7508 Magnolia Vlg, San Antonio, TX 78252
      View Details

    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).; - Prime location: Minutes from Downtown San Antonio, Riverwalk, Pearl, and other key attractions.
    (210) 482-9094
    Request Owner's contact information
    302 Lamar San Antonio, TX 78202
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    302 Lamar
    San Antonio, TX 78202
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    302 Lamar San Antonio, TX 78202
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kristen Schramme
    (210) 482-9094 (210) 482-3200 (210) 482-3298
    Learn more
    Google sign-in failed. Please try again or use another login method.