Remodeled Duplex on Corner
For Sale
$259,999
1200 W Magnolia Ave, San Antonio, TX 78201
Two separate units offer updated interiors, new mechanical systems, and a ramped entrance at one residence.
Property Size1,774 SF
Price / SF$146.56
Days on Market17
Property Features for 1200 W Magnolia Ave
General Information
Standard status
Active
Size
1,774 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1940
Listing Agency:
Exquisite Properties, LLC
Listed By:
Samantha Vandenheuvel
(541) 606-0164
Source:
Drialtor
Added: Aug 20
Changed: Sep 2
Last Checked: Sep 5 at 10:56AM
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 Exquisite Properties, LLC
Investment Insights
Based on property information with market context.
This 1,774-square-foot duplex, built in 1940, contains two separate residential units and has undergone comprehensive interior updates. Improvements include new windows, flooring, paint, fixtures, appliances, AC systems, and water heaters. Renovated bathrooms feature quartz tile showers, while the kitchens include wooden countertops and black backsplash accents. One unit has a ramped entry, and the property has passed a city electrical inspection.
Positioned on a corner lot at 1200 W Magnolia Ave in San Antonio, the property provides access to I-10, Downtown San Antonio, San Antonio International Airport, and Lackland Air Force Base. The asset is offered without HOA obligations and combines updated building systems with a two-unit configuration.
Positioned on a corner lot at 1200 W Magnolia Ave in San Antonio, the property provides access to I-10, Downtown San Antonio, San Antonio International Airport, and Lackland Air Force Base. The asset is offered without HOA obligations and combines updated building systems with a two-unit configuration.
Key Highlights
- Two‑unit duplex totaling 1,774 SF
- Built in 1940 and fully remodeled
- New AC systems, water heaters, windows, flooring, fixtures, and appliances
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
$20,419
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
7.85%
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%
$408,380
$408.4K
Cap Rate 7%
$291,700
$291.7K
Cap Rate 9%
$226,878
$226.9K
Market Conditions
NOI Build-Up for 1,774 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
$30.9K $17.40/SF
− Vacancy
−$1.7K −$0.96/SF
EGI
$29.2K $16.44/SF
− OpEx
−$8.8K −$4.93/SF
NOI
$20.4K $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%
$408,380
Cap Rate 7%
$291,700
Cap Rate 9%
$226,878
Alternative Uses
Best Use
Multifamily LT 5
$291.7K
$255.2K – $340.3K
NOI $20,419 @ 7.0% cap · market cap 7.85%
Second Best
Apartment 5plus
$258.9K
$226.5K – $302.0K
NOI $18,121 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$452.5K
$396.0K – $527.9K
NOI $31,676 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,062
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 - Two separate units offer updated interiors, new mechanical systems, and a ramped entrance at one residence.
Where is this duplex located?
The property is located at 1200 W Magnolia Ave San Antonio, TX.
What is the asking price?
The asking price for this property is $259,999.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,774 SF; Built in 1940 and fully remodeled; New AC systems, water heaters, windows, flooring, fixtures, and appliances
