Duplex with Private Fenced
For Sale
$299,999
12235 Ridge Crown, San Antonio, TX 78247
Two-bedroom units feature open layouts, garage laundry hookups, and separate fenced outdoor areas.
Property Size2,008 SF
Price / SF$149.40
Days on Market40
Property Features for 12235 Ridge Crown
General Information
Standard status
Active
Size
2,008 SF
Property subtype
Multi-Family
Property Condition
Severity
Major Repairs Needed
Evidence
need for foundation repair
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
walking trail
pool
park
private fenced backyard
washer/dryer connections
Building Details
Year Built
1982
Buildings
1
Listing Agency:
Eubanks Realty
Listed By:
Wendy Eubanks
(210) 215-1692
Source:
Kingdomtxrealty
Added: Jul 25
Changed: Aug 29
Last Checked: Sep 1 at 9:47PM
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 Eubanks Realty
Investment Insights
Based on property information with market context.
Built in 1982, this 2,008-square-foot duplex includes two residences with matching two-bedroom, one-bathroom layouts. Each side offers an open living and dining arrangement, a private fenced backyard, and garage washer and dryer connections. One unit includes updated kitchen and bathroom finishes, flooring, and paint, while the other retains its existing interior finishes. Both HVAC systems and the ductwork were replaced in 2018.
The property is located at 12235 Ridge Crown in San Antonio, within an HOA community offering a walking trail, pool, and park. Wurzbach Parkway is nearby, with access to I-35 and I-410, shopping, and the airport approximately 6 miles away. One unit is occupied on a month-to-month basis, while the other is vacant for showings following lease expiration. Tenants pay water, gas, and electric. Foundation repair is needed, with estimates, a survey, and disclosure included in the additional documentation.
The property is located at 12235 Ridge Crown in San Antonio, within an HOA community offering a walking trail, pool, and park. Wurzbach Parkway is nearby, with access to I-35 and I-410, shopping, and the airport approximately 6 miles away. One unit is occupied on a month-to-month basis, while the other is vacant for showings following lease expiration. Tenants pay water, gas, and electric. Foundation repair is needed, with estimates, a survey, and disclosure included in the additional documentation.
Key Highlights
- Duplex totaling 2,008 square feet, built in 1982
- Two 2‑bedroom, 1‑bathroom units with private fenced backyards
- Both HVAC units and ductwork replaced in 2018
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
$23,112
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
7.70%
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%
$462,240
$462.2K
Cap Rate 7%
$330,171
$330.2K
Cap Rate 9%
$256,800
$256.8K
Market Conditions
NOI Build-Up for 2,008 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
$34.9K $17.40/SF
− Vacancy
−$1.9K −$0.96/SF
EGI
$33.0K $16.44/SF
− OpEx
−$9.9K −$4.93/SF
NOI
$23.1K $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%
$462,240
Cap Rate 7%
$330,171
Cap Rate 9%
$256,800
Alternative Uses
Best Use
Multifamily LT 5
$330.2K
$288.9K – $385.2K
NOI $23,112 @ 7.0% cap · market cap 7.70%
Second Best
Apartment 5plus
$293.0K
$256.4K – $341.9K
NOI $20,511 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$512.2K
$448.2K – $597.6K
NOI $35,854 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
304
Businesses Nearby
Explore this area
Business Placement
Demographics for 78247, TX
50,876
Population
19,904
Households
2.6
Avg Household Size
38
Median Age
38%
College-Educated
94%
High-School Grad
14.6 sq mi
ZIP Area
3,485
Density / Sq Mi
$89,184
Median Household Income
$45,949
Median Earnings
$1,508
Median Rent
$256,400
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-bedroom units feature open layouts, garage laundry hookups, and separate fenced outdoor areas.
Where is this duplex located?
The property is located at 12235 Ridge Crown San Antonio, TX.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: Duplex totaling 2,008 square feet, built in 1982; Two 2‑bedroom, 1‑bathroom units with private fenced backyards; Both HVAC units and ductwork replaced in 2018
