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San Antonio Duplex Renovation Opportunity

1116 Gramercy San Antonio, TX 78201

Claim this Listing
For Sale
Under Contract
$178,000

MULTI_FAMILY - San Antonio, TX

Property size:
1,322 SF
Lot size:
0.14 Acres
Price / SF:
$134.64/SF
Added:
Jul 2, 2026
Days on Market:
13
Last Refresh:
Jul 14 at 11:06 am

Property Features for 1116 Gramercy

General Information

Property type
Residential Multi Family
Property subtype
Other
Standard status
Active Under Contract
Size
1,322 SF
Lot size
0.14 Acres

Taxes and HOA fees

Tax Annual Amount
4637

Building Details

Year built
1925

Listing agent Gabriela Gonzalez

Listing office Premier Realty Group Platinum 3415 Paesanos Pkwy, San Antonio, TX

Listing date Jul 2, 2026

MLS# 1944604 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.


Investment Insights

Based on property information with market context.

Located in the heart of San Antonio, this duplex in Beacon Hill presents an investor opportunity. The property, situated on a 0.144-acre lot, is ready for a full renovation, offering potential for the right buyer. The 1,322 square-foot duplex can be restored as an income-producing property or converted into a single-family home. Requiring a complete remodel, this property is suited for investors, builders, or buyers seeking a project. The property allows for preserving the original charm or redesigning to meet current market demands. Minutes from downtown San Antonio, major highways, shopping, dining, and local attractions, the location is advantageous. Properties in Beacon Hill are known for their character, location, and long-term value. This property has not been rented in many years.

Key Highlights

  • Prime location in the heart of San Antonio's Beacon Hill.
  • Investor opportunity with potential for income‑producing duplex or single‑family conversion.
  • Ideal for full renovation and remodel to match current market demand or preserve original charm.

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 $23.0k $17.40
− Vacancy −$1.3k −$0.96
EGI $21.7k $16.44
− OpEx −$6.5k −$4.93
NOI $15.2k $11.51
1,322 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$217.4K
$190.2K – $253.6K (±1% cap)
NOI $15,216 @ 7.0% cap · market cap 8.55%
Second Best
Apartment 5plus
$192.9K
$168.8K – $225.1K (±1% cap)
NOI $13,504 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$337.2K
$295.1K – $393.4K (±1% cap)
NOI $23,605 @ 7.0% cap · market cap 13.26%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Law Firm Electrical Service Kitchen & Bath Showroom Daycare Center Carpet & Flooring Store Acupuncture Catering Service HVAC Service (Bike/Boat/Book/etc) Store Food Market

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Duplex in Beacon Hill, ready for renovation near downtown.
Where is this duplex located?
The property is located at 1116 Gramercy San Antonio, TX.
What is the asking price?
The asking price for this property is $178,000.
What are key features of this property?
This property features: Prime location in the heart of San Antonio's Beacon Hill.; Investor opportunity with potential for income‑producing duplex or single‑family conversion.; Ideal for full renovation and remodel to match current market demand or preserve original charm.
Contact an agent
More about this property
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