Two-Unit
For Sale
$255,000
8814 Wilma Jean, San Antonio, TX 78224
Multi-Family (2-8 Units), San Antonio, TX
Property Size1,725 SF
Lot Size0.22 Acres
Price / SF$147.83
Days on Market199
Property Features for 8814 Wilma Jean
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-4
Elementary school
Call District
Middle school
Call District
High school
Call District
Elementary school district
Harlandale I.S.D
Middle school district
Harlandale I.S.D
High school district
Harlandale I.S.D
Subdivision
2100
Standard status
Active
Size
1,725 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Annual Amount
3503
Utilities
Cooling system
Central Air
Building Details
Year built
1985
Listing Agency:
Uriah Real Estate Organization
(830) 600-5263
Listed By:
Jennifer Corpus · License #TX 804877
(210) 315-8885
Added: Feb 18
Changed: Aug 20
Last Checked: Sep 5 at 9:06PM
MLS# 1939949
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 1,725-square-foot duplex, built in 1985, contains two separate residences with distinct three-bedroom and two-bedroom layouts. Central air serves the property, and the R-4 zoning designation is identified for the site. The configuration supports leasing both units or occupying one residence while leasing the other.
The property is located at 8814 Wilma Jean in San Antonio’s 78224 ZIP code. Palo Alto College and Texas A&M University–San Antonio are nearby, along with restaurants and shopping centers. The site encompasses 0.216 acres and has no HOA restrictions identified in the property information.
The property is located at 8814 Wilma Jean in San Antonio’s 78224 ZIP code. Palo Alto College and Texas A&M University–San Antonio are nearby, along with restaurants and shopping centers. The site encompasses 0.216 acres and has no HOA restrictions identified in the property information.
Key Highlights
- Two separate units with 3‑bedroom and 2‑bedroom layouts
- 1,725 square feet on 0.216 acres
- R‑4 zoning designation
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,855
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$397,100
$397.1K
Cap Rate 7%
$283,643
$283.6K
Cap Rate 9%
$220,611
$220.6K
Market Conditions
NOI Build-Up for 1,725 SF
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.
Gross rent
$30.0K $17.40/SF
− Vacancy
−$1.7K −$0.96/SF
EGI
$28.4K $16.44/SF
− OpEx
−$8.5K −$4.93/SF
NOI
$19.9K $11.51/SF
Area
San Antonio, TX
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$397,100
Cap Rate 7%
$283,643
Cap Rate 9%
$220,611
Alternative Uses
Best Use
Multifamily LT 5
$283.6K
$248.2K – $330.9K
NOI $19,855 @ 7.0% cap · market cap 7.79%
Second Best
Apartment 5plus
$251.7K
$220.3K – $293.7K
NOI $17,621 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$440.0K
$385.0K – $513.4K
NOI $30,801 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
224
Businesses Nearby
Explore this area
Business Placement
Demographics for 78224, TX
21,759
Population
7,034
Households
3.1
Avg Household Size
31
Median Age
12%
College-Educated
76%
High-School Grad
15.3 sq mi
ZIP Area
1,422
Density / Sq Mi
$57,965
Median Household Income
$33,535
Median Earnings
$1,132
Median Rent
$138,800
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?
Duplex - R-4-zoned property with central air and separate three- and two-bedroom residences.
Where is this duplex located?
The property is located at 8814 Wilma Jean San Antonio, TX.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Two separate units with 3‑bedroom and 2‑bedroom layouts; 1,725 square feet on 0.216 acres; R‑4 zoning designation
