Updated Duplex with Central
616 West Craig Place San Antonio, TX 78212
616 West Craig Place, San Antonio, TX, 78212
$390,000
For Sale
$390,000
Duplex offers two leased 2-bedroom, 1-bath units with central HVAC and water included in rent.
Property Size2,016 SF
Price / SF$193.45
Days on Market578
Property Features for 616 West Craig Place
General Information
- Standard status
- Active
- Size
- 2,016 SF
- Property subtype
- Multi-Family / Two Story
Building Details
- Year Built
- 1937
Listing agency
JPAR Round Rock
(512) 987-1374
Listed by
Lina Bibian · License #0677993
(512) 987-1374
Source
Compass
Added: Dec 21, 2024 Updated: Jul 22 at 12:47PM Checked: Jul 22 at 12:47PM
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 Round Rock
Investment Insights
Based on property information with market context.
This well-maintained duplex includes two spacious 2-bedroom, 1-bath units. The property was built in 1937 and has been thoughtfully updated over the years while retaining original wood floors and classic exterior details. Both units have central HVAC, and water is included in the rent for each unit, which can simplify ongoing management.
The duplex is located in the Alta Vista area, just minutes from The Pearl, downtown, and San Antonio College.
Unit 1 is leased through 7/31/2025, and Unit 2 is leased through 4/30/2026. Showings are available after an executed contract, and current photos are not updated; please do not disturb tenants.
The duplex is located in the Alta Vista area, just minutes from The Pearl, downtown, and San Antonio College.
Unit 1 is leased through 7/31/2025, and Unit 2 is leased through 4/30/2026. Showings are available after an executed contract, and current photos are not updated; please do not disturb tenants.
Key Highlights
- Duplex built in 1937 with two 2‑bedroom, 1‑bath units
- Both units are leased: Unit 1 $1,215/mo (lease ends 7/31/2025) and Unit 2 $1,290/mo (lease ends 4/30/2026)
- Central HVAC for added comfort
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 5.95%
Second Best
Apartment 5plus
$294.2K
$257.4K – $343.2K
NOI $20,593 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$514.2K
$450.0K – $600.0K
NOI $35,997 @ 7.0% cap · market cap 9.23%
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 - Duplex offers two leased 2-bedroom, 1-bath units with central HVAC and water included in rent.
Where is this duplex located?
The property is located at 616 West Craig Place San Antonio, TX.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Duplex built in 1937 with two 2‑bedroom, 1‑bath units; Both units are leased: Unit 1 $1,215/mo (lease ends 7/31/2025) and Unit 2 $1,290/mo (lease ends 4/30/2026); Central HVAC for added comfort
