San Antonio Duplex: Income
616 W Craig Pl San Antonio, TX 78212
616 W Craig Pl, San Antonio, TX, 78212
$369,999
For Sale
$369,999
MULTI_FAMILY - San Antonio, TX
Property Size2,016 SF
Price / SF$183.53
Days on Market82
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 agency
JPAR San Antonio
(800) 683-5651
Listed by
Lina Bibian · License #0677993
(800) 683-5651
Added: May 3 Updated: May 11 at 1:45PM Checked: Jul 23 at 6:06AM
MLS# 1839460
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 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.
Key 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
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 Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
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
