Duplex Investment Opportunity in San
12235 Ridge Crown Street San Antonio, TX 78247
12235 Ridge Crown Street, San Antonio, TX, 78247
$300,000
For Sale
$300,000
Duplex with rental income potential in established NE neighborhood.
Property Size2,008 SF
Price / SF$149.40
Days on Market579
Property Features for 12235 Ridge Crown Street
General Information
- Standard status
- Active
- Size
- 2,008 SF
- Property subtype
- Multi-Family / One Story
Building Details
- Year Built
- 1982
Listing agency
Eubanks Realty
(210) 215-1692
Listed by
Wendy Eubanks
(210) 215-1692
Source
Compass
Added: Dec 19, 2024 Updated: Jul 10 at 12:23PM Checked: Jul 21 at 6:06AM
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.
This duplex presents a rare investment opportunity in a well-established neighborhood. The property features two units, each with 2 bedrooms and 1 bathroom, and a private fenced backyard. Both units have an open floor plan that includes a dining area and a large living space. Each unit also has washer and dryer connections located in the garage. The property is conveniently located off Wurzbach Parkway, approximately 6 miles from the airport, with easy access to both I-35 and Loop 410, as well as shopping. The homeowners association includes a walking trail, pool, and park. One unit is currently on a month-to-month lease, offering flexibility, while the other unit is vacant. Tenants are responsible for water, gas, and electric utilities. Recent improvements include HVAC unit and ductwork replacement in both units in 2018. One unit has updated kitchen, bathrooms, flooring, and paint. The property is listed below market value to reflect the need for foundation repair.
Key Highlights
- Duplex investment opportunity with consistent rental history.
- Located in a well‑established NE neighborhood with convenient access to Wurzbach Parkway, highways 35 & 410, and the airport.
- HOA includes a walking trail, pool, and park.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.9k | $17.40 |
| − Vacancy | −$1.9k | −$0.96 |
| EGI | $33.0k | $16.44 |
| − OpEx | −$9.9k | −$4.93 |
| NOI | $23.1k | $11.51 |
2,008 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex with rental income potential in established NE neighborhood.
Where is this duplex located?
The property is located at 12235 Ridge Crown Street San Antonio, TX.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Duplex investment opportunity with consistent rental history.; Located in a well‑established NE neighborhood with convenient access to Wurzbach Parkway, highways 35 & 410, and the airport.; HOA includes a walking trail, pool, and park.
