Universal City Fourplex For
For Sale
$545,000
550 Dukeway, Universal City, TX 78148
MULTI_FAMILY - Universal City, TX
Property Size4,672 SF
Lot Size0.24 Acres
Price / SF$116.65
Days on Market69
Property Features for 550 Dukeway
General Information
Property type
Residential Multi Family
Property subtype
Other
Elementary school
Call District
Middle school
Call District
High school
Call District
Elementary school district
Judson
Middle school district
Judson
High school district
Judson
Subdivision
1600
Standard status
Active
Size
4,672 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Annual Amount
10320
Building Details
Year built
1983
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Sterling Williams
(214) 202-7615
Added: May 30
Last Checked: Aug 6 at 9:06AM
MLS# 1971254
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 fourplex in Universal City, Texas, presents a value-add opportunity for investors or owner-occupants. The property contains 4,672 square feet and is situated on a 0.235-acre lot. Each unit is separately metered for electricity. A shared water meter and RUBS system are in place for utility reimbursement. Rents are currently under market value, suggesting potential for increased returns through rent adjustments. The property's location offers convenient access to Randolph AFB, major highways, and retail areas. The property can be owner-occupied, with the option to lease the remaining units, or fully leased for maximum returns.
Key Highlights
- Value‑add fourplex.
- Strong upside potential due to under‑market rents.
- Ideal for investors or owner‑occupants.
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 | $75.7k | $16.20 |
| − Vacancy | −$5.4k | −$1.15 |
| EGI | $70.3k | $15.05 |
| − OpEx | −$21.1k | −$4.51 |
| NOI | $49.2k | $10.53 |
4,672 SF · lease $16.20/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$703.0K
$615.1K – $820.1K
NOI $49,208 @ 7.0% cap · market cap 9.03%
Second Best
Apartment 5plus
$611.2K
$534.8K – $713.1K
NOI $42,784 @ 7.0% cap · market cap 7.85%
Theoretical Best
Office A
$1.26M
$1.11M – $1.48M
NOI $88,515 @ 7.0% cap · market cap 16.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
Explore this area
Business Placement
Demographics for 78148, TX
21,569
Population
8,597
Households
2.5
Avg Household Size
37
Median Age
34%
College-Educated
96%
High-School Grad
9.6 sq mi
ZIP Area
2,247
Density / Sq Mi
$75,395
Median Household Income
$40,850
Median Earnings
$1,252
Median Rent
$249,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Fourplex in Universal City, ideal for investors or owner-occupants.
Where is this quadplex located?
The property is located at 550 Dukeway Universal City, TX.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Value‑add fourplex.; Strong upside potential due to under‑market rents.; Ideal for investors or owner‑occupants.
