Back to Search
Universal City Fourplex For Sale

554 Dukeway Universal City, TX 78148

554 Dukeway, Universal City, TX, 78148
$476,000
For Sale
Claim this Listing
$476,000

Value-add fourplex in Universal City, ideal for investors.

Property Size4,672 SF
Price / SF$101.88
AddedMay 16, 2025
Days on Market427
Last RefreshJul 16 at 8:12 am

Property Features for 554 Dukeway

General Information

Standard status
Active
Size
4,672 SF
Property subtype
Multi-Family / Two Story

Building Details

Year Built
1983

Listing office Real Broker, LLC

Listing date May 16, 2025

Source Compass

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


Investment Insights

Based on property information with market context.

This fourplex in Universal City presents a value-add opportunity for investors or owner-occupants. The property includes four units. Each unit is separately metered for electricity. A shared water meter is in place, along with a RUBS system for utility reimbursement. The property size is 4672 square feet. Rents are currently under market value, suggesting potential for increased returns through rent adjustments. The property's location offers proximity to Randolph AFB, major highways, and retail areas.

Key Highlights

  • Strong value‑add potential due to under‑market rents, offering significant upside for investors.
  • Ideal for owner‑occupants: live in one unit and lease the others for income.
  • All units are separately metered for electricity, simplifying utility management.

Local Financial Insights For Apartment 5plus

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 $84.1k $18.00
− Vacancy −$6.3k −$1.35
EGI $77.8k $16.65
− OpEx −$35.0k −$7.49
NOI $42.8k $9.16
4,672 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 45.00%

Alternative Uses

Best Use
Multifamily LT 5
$703.0K
$615.1K – $820.1K (±1% cap)
NOI $49,208 @ 7.0% cap · market cap 10.34%
Second Best
Apartment 5plus
$611.2K
$534.8K – $713.1K (±1% cap)
NOI $42,784 @ 7.0% cap · market cap 8.99%
Theoretical Best
Office A
$1.26M
$1.11M – $1.48M (±1% cap)
NOI $88,515 @ 7.0% cap · market cap 18.60%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Real Estate Agency Law Firm Electrical Service (Bike/Boat/Book/etc) Store Skin Care Clinic Hair Salon Kitchen & Bath Showroom Food Market Carpet & Flooring Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Value-add fourplex in Universal City, ideal for investors.
Where is this quadplex located?
The property is located at 554 Dukeway Universal City, TX.
What is the asking price?
The asking price for this property is $476,000.
What are key features of this property?
This property features: Strong value‑add potential due to under‑market rents, offering significant upside for investors.; Ideal for owner‑occupants: live in one unit and lease the others for income.; All units are separately metered for electricity, simplifying utility management.
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message