Two-Story Duplex with Attached
For Sale
$360,000
7002 Lakeview, San Antonio, TX 78244
Each residence offers open living space, private outdoor area, and an attached garage within a 2019-built property.
Property Size2,606 SF
Price / SF$138.14
Days on Market19
Property Features for 7002 Lakeview
General Information
Standard status
Active
Size
2,606 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
50%
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Highway Access
Yes
Building Details
Year Built
2019
Listing Agency:
Keller Williams City-View
(210) 696-9996
Listed By:
Charles Gafford
Source:
Texashomeguide
Added: Aug 12
Changed: Aug 28
Last Checked: Aug 29 at 12:23PM
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 Keller Williams City-View
Investment Insights
Based on property information with market context.
Built in 2019, this 2,606 SF duplex contains two two-story residences, each with 3 bedrooms and 2.5 bathrooms. Both layouts include an open living and dining arrangement, granite countertops, black appliances, an eat-in kitchen, interior laundry, a private primary suite with walk-in closet, and tile flooring across the first level. Each unit also has a fenced backyard and an attached one-car garage.
One residence is occupied, while the other is vacant. The property is positioned near Loop 410, I-10, Fort Sam Houston, Randolph Air Force Base, shopping, dining, schools, and daily services. Its San Antonio location and dual-residence configuration support both rental and owner-occupant use.
One residence is occupied, while the other is vacant. The property is positioned near Loop 410, I-10, Fort Sam Houston, Randolph Air Force Base, shopping, dining, schools, and daily services. Its San Antonio location and dual-residence configuration support both rental and owner-occupant use.
Key Highlights
- 2019‑built duplex with 2,606 SF of total property area
- Two‑story units with 3 bedrooms and 2.5 bathrooms each
- Each residence includes an attached one‑car garage and private fenced backyard
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
$29,995
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
8.33%
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%
$599,900
$599.9K
Cap Rate 7%
$428,500
$428.5K
Cap Rate 9%
$333,278
$333.3K
Market Conditions
NOI Build-Up for 2,606 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
$45.3K $17.40/SF
− Vacancy
−$2.5K −$0.96/SF
EGI
$42.9K $16.44/SF
− OpEx
−$12.9K −$4.93/SF
NOI
$30.0K $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%
$599,900
Cap Rate 7%
$428,500
Cap Rate 9%
$333,278
Alternative Uses
Best Use
Multifamily LT 5
$428.5K
$374.9K – $499.9K
NOI $29,995 @ 7.0% cap · market cap 8.33%
Second Best
Apartment 5plus
$380.3K
$332.8K – $443.7K
NOI $26,620 @ 7.0% cap · market cap 7.39%
Theoretical Best
Office A
$664.7K
$581.7K – $775.5K
NOI $46,532 @ 7.0% cap · market cap 12.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
50%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
Explore this area
Business Placement
Demographics for 78244, TX
35,801
Population
12,978
Households
2.8
Avg Household Size
33
Median Age
24%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
4,773
Density / Sq Mi
$67,789
Median Household Income
$36,788
Median Earnings
$1,552
Median Rent
$195,400
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 - Each residence offers open living space, private outdoor area, and an attached garage within a 2019-built property.
Where is this duplex located?
The property is located at 7002 Lakeview San Antonio, TX.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 2019‑built duplex with 2,606 SF of total property area; Two‑story units with 3 bedrooms and 2.5 bathrooms each; Each residence includes an attached one‑car garage and private fenced backyard
