Two-Unit Duplex with Private
New
For Sale
$205,000
1240 Ada St, San Antonio, TX 78223
Multi-Family (2-8 Units), San Antonio, TX
Property Size1,370 SF
Lot Size0.22 Acres
Price / SF$149.64
Days on Market3
Property Features for 1240 Ada St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-4
Elementary school
Highland Hills
Middle school
Rogers
High school
Highlands
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
1900
Standard status
Active
Size
1,370 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Annual Amount
3711
Building Details
Year built
1948
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Michael Vasquez
(214) 202-7615
Added: Oct 16
Last Checked: Oct 18 at 10:06PM
MLS# 2024026
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.
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Investment Insights
Based on property information with market context.
This duplex contains two leased residences totaling 1,370 square feet on a 0.22-acre parcel. Each unit has its own driveway and backyard, plus storage space. The building dates to 1948 and is zoned R-4.
The property is in San Antonio, near shopping. Downtown San Antonio is described as a short drive away.
The property is in San Antonio, near shopping. Downtown San Antonio is described as a short drive away.
Key Highlights
- Two leased units with long‑term leases
- 1,370 square feet on a 0.22‑acre lot
- Separate driveway and backyard for each unit
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
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
Check the figures for this property
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 each has a separate driveway and backyard.
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 long‑term leases; 1,370 square feet on a 0.22‑acre lot; Separate driveway and backyard for each unit
