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Remodeled Two-Unit Residential Income Property

1200 W Magnolia Ave San Antonio, TX 78201

Claim this Listing
For Sale
$289,999

MULTI_FAMILY - San Antonio, TX

Property size:
1,774 SF
Lot size:
0.14 Acres
Price / SF:
$163.47/SF
Added:
Jul 7, 2026
Days on Market:
8
Last Refresh:
Jul 14 at 7:06 am

Property Features for 1200 W Magnolia Ave

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
R-6 NCD-5
Accessibility
Accessible Approach with Ramp
Standard status
Active
Size
1,774 SF
Lot size
0.14 Acres

Taxes and HOA fees

Tax Annual Amount
5960

Utilities

Cooling system
Central Air

Building Details

Year built
1940

Listing agent Samantha Vandenheuvel

Listing office Exquisite Properties, LLC 1354 N Loop 1604 E, San Antonio, TX

Listing date Jul 7, 2026

MLS# 1964790 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.

This fully remodeled two-unit residential income property offers a flexible layout with two separate units on one parcel. Interior updates include brand new windows, fresh paint, new flooring, and updated fixtures and appliances throughout both units. The property has passed a city electrical inspection. Additional improvements include brand new AC systems and water heaters, supporting a more turnkey setup for an owner or investor. Both bathrooms have been renovated with quartz tile showers, and the kitchens feature updated finishes with warm wooden countertops and black backsplash accents.

The property sits on a corner lot in San Antonio and does not have an HOA. One unit includes a ramped entrance for added accessibility. The location provides quick access to I-10, Downtown San Antonio, San Antonio International Airport, and Lackland Air Force Base, which can be important for tenant convenience and everyday commuting.

For buyers seeking an owner-occupant arrangement, the two separate units allow for living in one unit while renting the other. For investors, the configuration supports individual rental potential, with estimated rents of approximately $1,000 to $1,500 per month for each unit as stated in the listing remarks. Updated finishes and newly installed key systems help reduce near-term capital concerns and may support smoother transition to occupancy.

Key Highlights

  • Fully remodeled multifamily property with two separate units, ideal for investors or owner‑occupants.
  • No HOA and potential rental income of $1,000-$1,500 per unit per month.
  • Brand new AC systems, water heaters, windows, flooring, and fresh paint throughout both units.

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 $30.9k $17.40
− Vacancy −$1.7k −$0.96
EGI $29.2k $16.44
− OpEx −$8.8k −$4.93
NOI $20.4k $11.51
1,774 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$291.7K
$255.2K – $340.3K (±1% cap)
NOI $20,419 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$258.9K
$226.5K – $302.0K (±1% cap)
NOI $18,121 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$452.5K
$396.0K – $527.9K (±1% cap)
NOI $31,676 @ 7.0% cap · market cap 10.92%
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

Real Estate Agency Dental Office Acupuncture Daycare Center Pet Grooming Service Butcher Pet Store (Bike/Boat/Book/etc) Store Pet Store & Service Computer & Electronic Repair

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

FAQs

What type of property is this?
Duplex - Remodeled two-unit property with new major systems and updated interiors on a corner lot.
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 $289,999.
What are key features of this property?
This property features: Fully remodeled multifamily property with two separate units, ideal for investors or owner‑occupants.; No HOA and potential rental income of $1,000-$1,500 per unit per month.; **Brand new AC systems, water heaters, windows, flooring, and fresh paint throughout both units.**
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