Corner-Lot Duplex with Covered
New
For Sale
$230,000
111 Laddie Pl, San Antonio, TX 78201
Multi-Family (2-8 Units), San Antonio, TX
Property Size1,664 SF
Lot Size0.27 Acres
Price / SF$138.22
Days on Market3
Property Features for 111 Laddie Pl
General Information
Property type
Residential Multi Family
Property subtype
Other
Elementary school
Maverick
Middle school
Longfellow
High school
Johnson
Elementary school district
San Antonio I.S.D.
Middle school district
San Antonio I.S.D.
High school district
San Antonio I.S.D.
Subdivision
0800
Standard status
Active
Size
1,664 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Annual Amount
4637
Building Details
Year built
1960
Listing Agency:
Keller Williams City-View · Keller Williams Realty
(210) 696-9996
Listed By:
Joseph Saldana
(210) 696-9996
Added: Aug 27
Changed: Aug 28
Last Checked: Aug 29 at 10:06PM
MLS# 2011972
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 duplex contains 1,664 square feet across two separate units, with one residence occupied and the other currently vacant. Unit 1 measures 1,064 square feet, while Unit 2 contains 600 square feet. The ranch-style property sits on a corner lot and includes hardwood flooring, tiled bathrooms, central AC, and double-paned windows. A paved driveway, garage, street parking, and dedicated covered parking for each unit support practical vehicle access.
Built in 1960, the property is located in San Antonio with access to I410 and I10. The vacant unit may be shown by confirmed appointment. Nearby context includes medical centers, museums, and the River Walk.
Built in 1960, the property is located in San Antonio with access to I410 and I10. The vacant unit may be shown by confirmed appointment. Nearby context includes medical centers, museums, and the River Walk.
Key Highlights
- 1,664 square feet configured as a two‑unit duplex
- Unit 1: 1,064 square feet; Unit 2: 600 square feet
- Individual covered parking provided for both units
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
$19,153
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
8.33%
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%
$383,060
$383.1K
Cap Rate 7%
$273,614
$273.6K
Cap Rate 9%
$212,811
$212.8K
Market Conditions
NOI Build-Up for 1,664 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
$29.0K $17.40/SF
− Vacancy
−$1.6K −$0.96/SF
EGI
$27.4K $16.44/SF
− OpEx
−$8.2K −$4.93/SF
NOI
$19.2K $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%
$383,060
Cap Rate 7%
$273,614
Cap Rate 9%
$212,811
Alternative Uses
Best Use
Multifamily LT 5
$273.6K
$239.4K – $319.2K
NOI $19,153 @ 7.0% cap · market cap 8.33%
Second Best
Apartment 5plus
$242.8K
$212.5K – $283.3K
NOI $16,997 @ 7.0% cap · market cap 7.39%
Theoretical Best
Office A
$424.5K
$371.4K – $495.2K
NOI $29,712 @ 7.0% cap · market cap 12.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
799
Businesses Nearby
Explore this area
Business Placement
Demographics for 78201, TX
42,005
Population
18,661
Households
2.3
Avg Household Size
39
Median Age
17%
College-Educated
73%
High-School Grad
7.1 sq mi
ZIP Area
5,916
Density / Sq Mi
$46,129
Median Household Income
$30,517
Median Earnings
$1,033
Median Rent
$187,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - The two-unit property combines individual covered parking with central AC and double-paned windows.
Where is this duplex located?
The property is located at 111 Laddie Pl San Antonio, TX.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 1,664 square feet configured as a two‑unit duplex; Unit 1: 1,064 square feet; Unit 2: 600 square feet; Individual covered parking provided for both units
