Craftsman Duplex with Secondary
132 Perry Ct, San Antonio, TX 78209
For Sale
$600,000
Two separate residential units sit near the University of the Incarnate Word, with an additional building at the rear.
Property Size3,224 SF
Price / SF$186.10
Days on Market40
Property Features for 132 Perry Ct
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Construction
Listing Agency:
Kuper Sotheby's Int'l Realty
Listed By:
Ryan Galaz
(210) 848-7274
Source:
Seeaustinareahouses
Added: Oct 2
Changed: Nov 8
Last Checked: Nov 8 at 6:45AM
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 Kuper Sotheby's Int'l Realty
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Investment Insights
Based on property information with market context.
Built in 1930, this Craftsman property includes a main residence of approximately 2,600 SF divided into two 2-bedroom, 1-bath units. Each unit has living and dining rooms plus a study or office. Wood siding and original wood floors remain in the second-floor residence; the first floor has newer flooring. Both units have outdoor access beside their kitchens, and residents share a backyard.
A separate 624 SF building at the rear contains a living room, dining area, bedroom, and full bath. The property is one block from the University of the Incarnate Word and near Broadway. Its existing layout includes two units in the main residence and a separate secondary building.
A separate 624 SF building at the rear contains a living room, dining area, bedroom, and full bath. The property is one block from the University of the Incarnate Word and near Broadway. Its existing layout includes two units in the main residence and a separate secondary building.
Key Highlights
- Main residence of approximately 2,600 SF configured as two 2‑bedroom, 1‑bath units
- Each main‑residence unit includes a living room, dining room, and study/office
- Separate 624 SF rear building with living room, dining area, bedroom, and full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,109
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$742,180
$742.2K
Cap Rate 7%
$530,129
$530.1K
Cap Rate 9%
$412,322
$412.3K
Market Conditions
NOI Build-Up for 3,224 SF
Gross rent
$56.1K $17.40/SF
− Vacancy
−$3.1K −$0.96/SF
EGI
$53.0K $16.44/SF
− OpEx
−$15.9K −$4.93/SF
NOI
$37.1K $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 Rate 5%
$742,180
Cap Rate 7%
$530,129
Cap Rate 9%
$412,322
Alternative Uses
Best Use
Multifamily LT 5
$530.1K
$463.9K – $618.5K
NOI $37,109 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$470.5K
$411.7K – $548.9K
NOI $32,933 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$822.4K
$719.6K – $959.5K
NOI $57,567 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,081
Businesses Nearby
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Business Placement
Demographics for 78209, TX
42,456
Population
22,771
Households
1.9
Avg Household Size
40
Median Age
62%
College-Educated
96%
High-School Grad
10.2 sq mi
ZIP Area
4,162
Density / Sq Mi
$84,180
Median Household Income
$57,921
Median Earnings
$1,371
Median Rent
$497,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in San Antonio, TX
Properties on Market for Duplexes in San Antonio
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residential units sit near the University of the Incarnate Word, with an additional building at the rear.
Where is this duplex located?
The property is located at 132 Perry Ct San Antonio, TX.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Main residence of approximately 2,600 SF configured as two 2‑bedroom, 1‑bath units; Each main‑residence unit includes a living room, dining room, and study/office; Separate 624 SF rear building with living room, dining area, bedroom, and full bath
