Updated Duplex with Central
616 W Craig Pl San Antonio, TX 78212
616 W Craig Pl, San Antonio, TX, 78212
$369,999
For Sale
$369,999
Well-maintained 1937 duplex offers two leased 2-bedroom, 1-bath units with central HVAC and water included.
Property Size2,016 SF
Price / SF$183.53
Days on Market533
Property Features for 616 W Craig Pl
General Information
- Standard status
- Active
- Size
- 2,016 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1937
Listing agency
JPAR San Antonio
(512) 987-1374
Listed by
Lina Bibian
(512) 987-1374
Source
Exitrealty
Added: Feb 3, 2025 Updated: Jul 21 at 1:31PM Checked: Jul 21 at 1:31PM
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 JPAR San Antonio
Investment Insights
Based on property information with market context.
This well-maintained duplex was built in 1937 and features two spacious 2-bedroom, 1-bath units. The property has original wood floors and classic exterior details, along with updates completed over the years. Both units have central HVAC, supporting comfortable year-round living. Water is included in the rent for both units, simplifying operating expenses. All units are currently occupied, and showings require 24 hours’ advance notice.
Located in the Alta Vista neighborhood, the property is described as being just minutes from The Pearl, downtown, and San Antonio College.
The duplex configuration provides two separate residential units under existing leases, with unit lease end dates of 7/31/2026 for Unit 1 and 4/30/2026 for Unit 2.
Located in the Alta Vista neighborhood, the property is described as being just minutes from The Pearl, downtown, and San Antonio College.
The duplex configuration provides two separate residential units under existing leases, with unit lease end dates of 7/31/2026 for Unit 1 and 4/30/2026 for Unit 2.
Key Highlights
- Duplex built in 1937 in Alta Vista with historic character and original wood floors.
- Two 2‑bedroom, 1‑bath units, both currently leased and occupied.
- Current rents: Unit 1 at $1,215/month (lease ends 7/31/2026) and Unit 2 at $1,290/month (lease ends 4/30/2026).
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 | $35.1k | $17.40 |
| − Vacancy | −$1.9k | −$0.96 |
| EGI | $33.1k | $16.44 |
| − OpEx | −$9.9k | −$4.93 |
| NOI | $23.2k | $11.51 |
2,016 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$331.5K
$290.1K – $386.7K
NOI $23,204 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$294.2K
$257.4K – $343.2K
NOI $20,593 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$514.2K
$450.0K – $600.0K
NOI $35,997 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained 1937 duplex offers two leased 2-bedroom, 1-bath units with central HVAC and water included.
Where is this duplex located?
The property is located at 616 W Craig Pl San Antonio, TX.
What is the asking price?
The asking price for this property is $369,999.
What are key features of this property?
This property features: Duplex built in 1937 in Alta Vista with historic character and original wood floors.; Two 2‑bedroom, 1‑bath units, both currently leased and occupied.; Current rents: Unit 1 at $1,215/month (lease ends 7/31/2026) and Unit 2 at $1,290/month (lease ends 4/30/2026).
