San Antonio Duplex: Income
616 W Craig Pl, San Antonio, TX 78212
- Added:
- May 3, 2026
- Days on Market:
- 32
- Last Refresh:
- Jun 3 at 9:06 am
Property Features for 616 W Craig Pl
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 2,016 SF
Taxes and HOA fees
- Tax Annual Amount
- 7564
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1937
Listing agent Lina Bibian (800) 683-5651
Listing office JPAR San Antonio 1846 N loop 1604 W, Frisco, TX (800) 683-5651
Listing date May 3, 2026
MLS# 1839460
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 duplex with reliable tenants providing immediate cash flow ($1,215 and $1,290 monthly rents)
- Prime Alta Vista location, minutes from The Pearl, downtown, and San Antonio College
- Two spacious 2‑bedroom, 1‑bathroom units
- Updated property with central HVAC
- Historic character with original wood floors and classic exterior details
- Water included in rent, simplifying management
Overview
This well-maintained duplex is located in the Alta Vista neighborhood, near The Pearl, downtown, and San Antonio College. Constructed in 1937, the property features two 2-bedroom, 1-bathroom units. The property has been updated and retains its historic character with original wood floors and classic exterior details, along with central HVAC. Unit 1 is currently leased at $1,215 per month with the lease ending on July 31, 2026, and Unit 2 is leased at $1,290 per month with the lease ending on April 30, 2026. Water is included in the rent for both units. The property is suitable for investors seeking long-term appreciation or homeowners looking to offset their mortgage with rental income. The property size is 2,016 square feet.
Local 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 | $35.1k | $17.40 |
| − Vacancy | −$1.9k | −$0.96 |
| EGI | $33.1k | $16.44 |
| − OpEx | −$9.9k | −$4.93 |
| NOI | $23.2k | $11.51 |
2,016 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$331.5K
$290.1K – $386.7K
NOI $23,204 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$294.2K
$257.4K – $343.2K
NOI $20,593 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$514.2K
$450.0K – $600.0K
NOI $35,997 @ 7.0% cap · market cap 9.73%
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
- -98.503539
- Latitude
- 29.451692
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained duplex in Alta Vista, near The Pearl and downtown.
Where is this duplex located?
The property is located at 616 W Craig Pl San Antonio, TX.
What is the asking price?
The asking price for this property is $369,999.
What are key features of this property?
This property features: Income‑producing duplex with reliable tenants providing immediate cash flow ($1,215 and $1,290 monthly rents); Prime Alta Vista location, minutes from The Pearl, downtown, and San Antonio College; Two spacious 2‑bedroom, 1‑bathroom units
