Renovated Duplex with Potential Third
315 W Norwood San Antonio, TX 78212
For Sale
$549,000
MULTI_FAMILY - San Antonio, TX
Property Size1,976 SF
Lot Size0.17 Acres
Price / SF$277.83
Days on Market39
Property Features for 315 W Norwood
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 1,976 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9772
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1941
Listing Agency:
Devora Realty
(512) 961-9084
Listed By:
Nathan Young
(512) 400-4248
Added: Jun 15
Last Checked: Jul 23 at 11:06AM
MLS# 1931724
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 bedrooms and two bathrooms in each unit. Both units include their own washer and dryer connections, separate meters, and outdoor space. In addition to the existing duplex layout, there is the option to finish out a guest house that has been demo’d to create a potential third income-producing unit.
The property sits on an oversized lot in the Alta Vista area of San Antonio, on a quiet street lined with meticulously maintained homes. A new build is located next door, reinforcing the residential character of the immediate surroundings.
For buyers or operators seeking a straightforward duplex setup, the unit-by-unit utility and laundry infrastructure supports practical day-to-day operations. The separate outdoor space for each unit can also be an attractive tenant feature. The presence of a demo’d guest house provides an on-site path to expand the property’s income potential beyond the two current units, subject to completing the finish-out.
The property sits on an oversized lot in the Alta Vista area of San Antonio, on a quiet street lined with meticulously maintained homes. A new build is located next door, reinforcing the residential character of the immediate surroundings.
For buyers or operators seeking a straightforward duplex setup, the unit-by-unit utility and laundry infrastructure supports practical day-to-day operations. The separate outdoor space for each unit can also be an attractive tenant feature. The presence of a demo’d guest house provides an on-site path to expand the property’s income potential beyond the two current units, subject to completing the finish-out.
Key Highlights
- Renovated duplex in highly desirable Alta Vista neighborhood.
- Oversized lot with potential for additional income from guest house.
- Each unit features two beds and two baths.
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 | $34.4k | $17.40 |
| − Vacancy | −$1.9k | −$0.96 |
| EGI | $32.5k | $16.44 |
| − OpEx | −$9.7k | −$4.93 |
| NOI | $22.7k | $11.51 |
1,976 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$324.9K
$284.3K – $379.1K
NOI $22,744 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$288.3K
$252.3K – $336.4K
NOI $20,184 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$504.0K
$441.0K – $588.1K
NOI $35,283 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Updated duplex offers separate utilities and outdoor space, with an option to add a third unit.
Where is this duplex located?
The property is located at 315 W Norwood San Antonio, TX.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Renovated duplex in highly desirable Alta Vista neighborhood.; Oversized lot with potential for additional income from guest house.; Each unit features two beds and two baths.
