Newly Built Duplex
For Sale
$424,999
1303 Essex Street, San Antonio, TX 78210
Three-story residential units offer open-concept interiors, private garages, and separately metered electric service.
Property Size2,700 SF
Price / SF$157.41
Days on Market320
Property Features for 1303 Essex Street
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Multi-Family / Three Story
Zoning
RM-4
Additional Details
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$21,964
Amenities
Vinyl
Composition
Slab
New
Conventional, FHA, VA, Cash
Not Applicable/None
Building Details
Year Built
2025
Buildings
8
Listing Agency:
Phyllis Browning Company
Listed By:
Amanda Chapa
(210) 708-5031
Source:
Compass
Added: Oct 22, 2025
Changed: Sep 5
Last Checked: Sep 5 at 2:11PM
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 Phyllis Browning Company
Investment Insights
Based on property information with market context.
This newly constructed duplex property contains approximately 2,700 square feet across two residential units, with each unit measuring approximately 1,350 square feet. The three-story layouts provide three bedrooms, 2.5 bathrooms, open-concept living areas, contemporary finishes, vinyl interior flooring, and a single-car garage. Separate electric meters support individual utility management, while durable, low-maintenance materials contribute to practical long-term operation. The property was completed in 2025 and carries RM-4 zoning.
Located at 1303 Essex Street in San Antonio, the property is positioned in the downtown San Antonio area. Exterior construction includes a composition roof and slab foundation, with conventional, FHA, VA, and cash financing identified in the property information.
Located at 1303 Essex Street in San Antonio, the property is positioned in the downtown San Antonio area. Exterior construction includes a composition roof and slab foundation, with conventional, FHA, VA, and cash financing identified in the property information.
Key Highlights
- Approximately 2,700 SF total property size
- Each unit measures approximately 1,350 square feet
- Three‑story layouts with 3 bedrooms and 2.5 bathrooms per unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,077
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$621,540
$621.5K
Cap Rate 7%
$443,957
$444.0K
Cap Rate 9%
$345,300
$345.3K
Market Conditions
NOI Build-Up for 2,700 SF
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.
Gross rent
$47.0K $17.40/SF
− Vacancy
−$2.6K −$0.96/SF
EGI
$44.4K $16.44/SF
− OpEx
−$13.3K −$4.93/SF
NOI
$31.1K $11.51/SF
Area
San Antonio, TX
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$621,540
Cap Rate 7%
$443,957
Cap Rate 9%
$345,300
Alternative Uses
Best Use
Multifamily LT 5
$444.0K
$388.5K – $518.0K
NOI $31,077 @ 7.0% cap · market cap 7.31%
Second Best
Apartment 5plus
$394.0K
$344.8K – $459.7K
NOI $27,580 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$688.7K
$602.6K – $803.5K
NOI $48,211 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
Explore this area
Business Placement
Demographics for 78210, TX
33,010
Population
14,410
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
76%
High-School Grad
7.3 sq mi
ZIP Area
4,522
Density / Sq Mi
$51,990
Median Household Income
$33,271
Median Earnings
$1,119
Median Rent
$172,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Three-story residential units offer open-concept interiors, private garages, and separately metered electric service.
Where is this duplex located?
The property is located at 1303 Essex Street San Antonio, TX.
What is the asking price?
The asking price for this property is $424,999.
What are key features of this property?
This property features: Approximately 2,700 SF total property size; Each unit measures approximately 1,350 square feet; Three‑story layouts with 3 bedrooms and 2.5 bathrooms per unit
