Renovation-Ready
For Sale
$167,000
1116 W Gramercy Pl, San Antonio, TX 78201
Two-unit property requiring substantial renovation, with potential for continued duplex use or conversion to a single-family residence.
Property Size1,322 SF
Price / SF$126.32
Days on Market235
Property Features for 1116 W Gramercy Pl
General Information
Standard status
Active
Size
1,322 SF
Property subtype
Residential Income
Property Condition
Severity
Major Repairs Needed
Evidence
will require a complete remodel
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,636
Building Details
Buildings
1
Listing Agency:
Premier Realty Group Platinum
(210) 641-1400
Listed By:
Gabriela Gonzalez
(210) 439-7835
Source:
Exprealty
Added: Feb 27
Changed: Oct 17
Last Checked: Oct 19 at 7:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Premier Realty Group Platinum
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Investment Insights
Based on property information with market context.
This 1,322-square-foot duplex is positioned as a full renovation project in San Antonio’s Beacon Hill area. The property has not been rented in many years and requires a complete remodel, giving a buyer the opportunity to rework the existing residence for continued duplex use or pursue a single-family conversion.
The property is located minutes from downtown San Antonio, with access to major highways, shopping, dining, and local attractions. Its residential income configuration and renovation needs make it a defined repositioning project for a buyer prepared to undertake substantial improvements.
The property is located minutes from downtown San Antonio, with access to major highways, shopping, dining, and local attractions. Its residential income configuration and renovation needs make it a defined repositioning project for a buyer prepared to undertake substantial improvements.
Key Highlights
- 1,322‑square‑foot duplex in San Antonio’s Beacon Hill area
- Requires a complete remodel
- Has not been rented in many years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,216
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,320
$304.3K
Cap Rate 7%
$217,371
$217.4K
Cap Rate 9%
$169,067
$169.1K
Market Conditions
NOI Build-Up for 1,322 SF
Gross rent
$23.0K $17.40/SF
− Vacancy
−$1.3K −$0.96/SF
EGI
$21.7K $16.44/SF
− OpEx
−$6.5K −$4.93/SF
NOI
$15.2K $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 Rate 5%
$304,320
Cap Rate 7%
$217,371
Cap Rate 9%
$169,067
Alternative Uses
Best Use
Multifamily LT 5
$217.4K
$190.2K – $253.6K
NOI $15,216 @ 7.0% cap · market cap 9.11%
Second Best
Apartment 5plus
$192.9K
$168.8K – $225.1K
NOI $13,504 @ 7.0% cap · market cap 8.09%
Theoretical Best
Office A
$337.2K
$295.1K – $393.4K
NOI $23,605 @ 7.0% cap · market cap 14.13%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,252
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property requiring substantial renovation, with potential for continued duplex use or conversion to a single-family residence.
Where is this duplex located?
The property is located at 1116 W Gramercy Pl San Antonio, TX.
What is the asking price?
The asking price for this property is $167,000.
What are key features of this property?
This property features: 1,322‑square‑foot duplex in San Antonio’s Beacon Hill area; Requires a complete remodel; Has not been rented in many years
