Duplex with Private
For Sale
$389,900
314 W Highland, San Antonio, TX 78210
Multi-Family (2-8 Units), San Antonio, TX
Property Size2,190 SF
Lot Size0.15 Acres
Price / SF$178.04
Days on Market38
Property Features for 314 W Highland
General Information
Property type
Residential Multi Family
Property subtype
Other
Middle school
Poe
High school
Brackenridge
Elementary school district
San Antonio I.S.D.
Middle school district
San Antonio I.S.D.
High school district
San Antonio I.S.D.
Subdivision
1100
Standard status
Active
Size
2,190 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
9872
Utilities
Cooling system
Central Air
Amenities
hardwood floors
high ceilings
central HVAC
separate entrances
driveways
private yards
Building Details
Year built
1920
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Kayla Wilshire
(214) 202-7615
Added: Jul 16
Changed: Aug 20
Last Checked: Aug 22 at 10:06PM
MLS# 1886190
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 duplex includes two separate homes within a combined 2190-square-foot property. Each residence offers 3 bedrooms and 1 bathroom, with individual entrances, driveways, and private yards. Improvements include new windows, appliances, and flooring, while hardwood floors and high ceilings retain elements of the original 1920 construction. Central air serves the property.
The 0.147-acre site is located near downtown San Antonio in Bexar County. The two-home configuration provides distinct residential spaces within one property, with updated interior finishes and separate exterior access for each residence.
The 0.147-acre site is located near downtown San Antonio in Bexar County. The two-home configuration provides distinct residential spaces within one property, with updated interior finishes and separate exterior access for each residence.
Key Highlights
- Two homes, each with 3 bedrooms and 1 bathroom
- 2190 square feet on a 0.147‑acre lot
- New windows, appliances, and flooring throughout
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
$25,207
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
6.46%
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%
$504,140
$504.1K
Cap Rate 7%
$360,100
$360.1K
Cap Rate 9%
$280,078
$280.1K
Market Conditions
NOI Build-Up for 2,190 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
$38.1K $17.40/SF
− Vacancy
−$2.1K −$0.96/SF
EGI
$36.0K $16.44/SF
− OpEx
−$10.8K −$4.93/SF
NOI
$25.2K $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%
$504,140
Cap Rate 7%
$360,100
Cap Rate 9%
$280,078
Alternative Uses
Best Use
Multifamily LT 5
$360.1K
$315.1K – $420.1K
NOI $25,207 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$319.6K
$279.6K – $372.8K
NOI $22,370 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$558.6K
$488.8K – $651.7K
NOI $39,104 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Explore this area
Business Placement
Demographics for 78210, TX
33,010
Population
14,410
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
76%
High-School Grad
7.3 sq mi
ZIP Area
4,522
Density / Sq Mi
$51,990
Median Household Income
$33,271
Median Earnings
$1,119
Median Rent
$172,700
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 separate homes feature individual entrances, driveways, and private outdoor areas.
Where is this duplex located?
The property is located at 314 W Highland San Antonio, TX.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Two homes, each with 3 bedrooms and 1 bathroom; 2190 square feet on a 0.147‑acre lot; New windows, appliances, and flooring throughout
