Renovated Duplex Near
354 Ike, San Antonio, TX 78211
MULTI_FAMILY - San Antonio, TX
Property size:
1,984 SFLot size:
0.18 AcresPrice / SF:
$181/SF- Added:
- Feb 6, 2026
- Days on Market:
- 110
- Last Refresh:
- May 27 at 4:06 am
Property Features for 354 Ike
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 1,984 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2928
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 2004
Listing agent Eduardo Perez Esquivel (888) 519-7431
Listing office eXp Realty 17806 W IH 10 Ste 300, Austin, TX (888) 519-7431
Listing date Feb 6, 2026
MLS# 1936769
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
- Income‑producing property: Tenant‑occupied unit provides immediate rental income.
- Fully renovated: Features new kitchen cabinets, granite countertops, and laminate flooring.
- Two separate units: Each unit features 2 bedrooms and 1 bath, with approximately 1,000 sq ft of living space.
- Separate utilities and HVAC: Each unit has its own central HVAC system and utility meters.
- Convenient location: Close to Downtown San Antonio, major highways, dining, and shopping.
- Ample parking and private backyard: Fully fenced property with ample parking space and a private backyard.
Overview
This fully renovated duplex offers immediate rental income. The multifamily property features two 2-bedroom, 1-bath units, each with approximately 1,000 square feet. Updates include new kitchen cabinets, granite countertops, and laminate flooring. Each unit is equipped with separate central HVAC systems and separate utilities. One unit is owner-occupied, while the second unit is tenant-occupied. The property, situated on a 0.175-acre lot, includes ample parking, a fully fenced perimeter, and a private backyard. It is conveniently located near Downtown San Antonio, major highways, dining, and shopping.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$253.7K
NOI $22,836 @ 9.00% cap · cautious / downside scenario
Moderate
$326.2K
NOI $22,836 @ 7.00% cap · market / base-case scenario
Aggressive
$456.7K
NOI $22,836 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.5k | $17.40 |
| − Vacancy | −$1.9k | −$0.96 |
| EGI | $32.6k | $16.44 |
| − OpEx | −$9.8k | −$4.93 |
| NOI | $22.8k | $11.51 |
1,984 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$326.2K
$285.5K – $380.6K
NOI $22,836 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$289.5K
$253.3K – $337.8K
NOI $20,266 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$506.1K
$442.8K – $590.4K
NOI $35,426 @ 7.0% cap · market cap 9.84%
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
- -98.560368
- Latitude
- 29.328541
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Move-in ready duplex with income potential near downtown San Antonio.
Where is this duplex located?
The property is located at 354 Ike San Antonio, TX.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Income‑producing property: Tenant‑occupied unit provides immediate rental income.; Fully renovated: Features new kitchen cabinets, granite countertops, and laminate flooring.; Two separate units: Each unit features 2 bedrooms and 1 bath, with approximately 1,000 sq ft of living space.
