Remodeled Duplex on Corner
For Sale
$259,999
1200 W Magnolia Ave, San Antonio, TX 78201
Multi-Family (2-8 Units), San Antonio, TX
Property Size1,774 SF
Lot Size0.14 Acres
Price / SF$146.56
Days on Market51
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
Elementary school
Cotton
Middle school
Mark Twain
High school
Edison
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
0900
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 Agency:
Exquisite Properties, LLC
(210) 494-1695
Listed By:
Samantha Vandenheuvel
(541) 606-0164
Added: Jul 18
Changed: Sep 2
Last Checked: Sep 6 at 1:06AM
MLS# 1964790
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 remodeled duplex contains two separate units within a 1,774-square-foot property built in 1940. Improvements include new windows, flooring, paint, fixtures, appliances, AC systems, and water heaters. The bathrooms feature quartz tile showers, while the kitchens include wooden countertops and black backsplash accents. One unit has a ramped entrance, and the property has passed city electrical inspection.
Positioned on a 0.144-acre corner lot in San Antonio, the property is zoned R-6 NCD-5 and carries no HOA. Its location provides access to I10, Downtown San Antonio, San Antonio International Airport, and Lackland Air Force Base. The two-unit configuration supports both investor and owner-occupant use, subject to applicable requirements.
Positioned on a 0.144-acre corner lot in San Antonio, the property is zoned R-6 NCD-5 and carries no HOA. Its location provides access to I10, Downtown San Antonio, San Antonio International Airport, and Lackland Air Force Base. The two-unit configuration supports both investor and owner-occupant use, subject to applicable requirements.
Key Highlights
- Two separate units in a remodeled duplex
- 1,774 square feet on a 0.144‑acre corner lot
- New windows, flooring, paint, 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 feature refreshed interiors, new AC systems, and ramped access at one entrance.
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 separate units in a remodeled duplex; 1,774 square feet on a 0.144‑acre corner lot; New windows, flooring, paint, fixtures, and appliances
