Gated
New
For Sale
$416,990
12308 MELROSE FRST, San Antonio, TX 78252
Multi-Family (2-8 Units), San Antonio, TX
Property Size2,526 SF
Price / SF$165.08
Days on Market2
Property Features for 12308 MELROSE FRST
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Middle school
Medina Valley
High school
Medina Valley
Elementary school district
Medina Valley I.S.D.
Middle school district
Medina Valley I.S.D.
High school district
Medina Valley I.S.D.
Subdivision
2304
Standard status
Active
Size
2,526 SF
Taxes and HOA fees
Tax Annual Amount
0
HOA Fee
$600 Annually
Utilities
Cooling system
Central Air
Amenities
gated community
Building Details
Year built
2026
Listing Agency:
Exquisite Properties, LLC
Listed By:
Marie Crabb
(210) 494-1695
Added: Oct 19
Last Checked: Oct 20 at 12:06PM
MLS# 2024467
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex is configured with two units and is currently under construction. The reported property area is 2,526 square feet, and central air conditioning is included. Unit layouts vary: each side has either three bedrooms and two baths or two bedrooms and two baths.
The property is part of a gated community in San Antonio, Texas. The stated year built is 2026.
The property is part of a gated community in San Antonio, Texas. The stated year built is 2026.
Key Highlights
- Two units per building
- 2,526 square feet of property area
- Each unit has either 3 bedrooms and 2 baths or 2 bedrooms and 2 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,075
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$581,500
$581.5K
Cap Rate 7%
$415,357
$415.4K
Cap Rate 9%
$323,056
$323.1K
Market Conditions
NOI Build-Up for 2,526 SF
Gross rent
$44.0K $17.40/SF
− Vacancy
−$2.4K −$0.96/SF
EGI
$41.5K $16.44/SF
− OpEx
−$12.5K −$4.93/SF
NOI
$29.1K $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 Rate 5%
$581,500
Cap Rate 7%
$415,357
Cap Rate 9%
$323,056
Alternative Uses
Best Use
Multifamily LT 5
$415.4K
$363.4K – $484.6K
NOI $29,075 @ 7.0% cap · market cap 6.97%
Second Best
Apartment 5plus
$368.6K
$322.5K – $430.1K
NOI $25,803 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$644.3K
$563.8K – $751.7K
NOI $45,104 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 78252, TX
17,156
Population
5,943
Households
2.9
Avg Household Size
30
Median Age
19%
College-Educated
80%
High-School Grad
28.1 sq mi
ZIP Area
611
Density / Sq Mi
$79,635
Median Household Income
$45,526
Median Earnings
$1,825
Median Rent
$242,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit property is under construction and includes central air conditioning.
Where is this duplex located?
The property is located at 12308 MELROSE FRST San Antonio, TX.
What is the asking price?
The asking price for this property is $416,990.
What are key features of this property?
This property features: Two units per building; 2,526 square feet of property area; Each unit has either 3 bedrooms and 2 baths or 2 bedrooms and 2 baths
