2-Unit
For Sale
$205,000
1240 Ada St, San Antonio, TX 78223
Both residences are leased and have separate driveways and backyards.
Property Size1,370 SF
Price / SF$149.64
Days on Market17
Property Features for 1240 Ada St
General Information
Standard status
Active
Size
1,370 SF
Property subtype
Multi Family Home
Zoning
R-4
Site & Location
Neighborhood
Highland Hills
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Amenities
Mature Trees
Building Details
Building Size
1,370 SF
Year Built
1948
Units
2
Tenancy
Multi
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Michael Vasquez · License #719713
(210) 255-1118
Source:
Dowdyrealestate
Added: Oct 16
Changed: Oct 29
Last Checked: Oct 29 at 7:13PM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
This 1,370-square-foot duplex was built in 1948 and is zoned R-4. Its two units are leased to established tenants under long-term leases. Each residence has a separate driveway and backyard, along with storage space.
The property is in San Antonio, near shopping and a short drive from Downtown San Antonio.
The property is in San Antonio, near shopping and a short drive from Downtown San Antonio.
Key Highlights
- Two leased units with established tenants and long‑term leases
- 1,370 square feet; built in 1948
- Each unit has its own driveway and backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,060
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,200
$281.2K
Cap Rate 7%
$200,857
$200.9K
Cap Rate 9%
$156,222
$156.2K
Market Conditions
NOI Build-Up for 1,370 SF
Gross rent
$22.2K $16.20/SF
− Vacancy
−$2.1K −$1.54/SF
EGI
$20.1K $14.66/SF
− OpEx
−$6.0K −$4.40/SF
NOI
$14.1K $10.26/SF
Area
ZIP 78223
Vacancy
9.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,200
Cap Rate 7%
$200,857
Cap Rate 9%
$156,222
Alternative Uses
Best Use
Multifamily LT 5
$200.9K
$175.8K – $234.3K
NOI $14,060 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$174.4K
$152.6K – $203.5K
NOI $12,207 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$329.5K
$288.3K – $384.4K
NOI $23,062 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
656
Businesses Nearby
Explore this area
Business Placement
Demographics for 78223, TX
55,705
Population
22,278
Households
2.5
Avg Household Size
35
Median Age
12%
College-Educated
78%
High-School Grad
40.9 sq mi
ZIP Area
1,362
Density / Sq Mi
$50,352
Median Household Income
$33,762
Median Earnings
$1,054
Median Rent
$156,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased and have separate driveways and backyards.
Where is this duplex located?
The property is located at 1240 Ada St San Antonio, TX.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Two leased units with established tenants and long‑term leases; 1,370 square feet; built in 1948; Each unit has its own driveway and backyard
