Two-Unit Duplex with Detached
For Sale
$320,000
1340 W Ridgewood Ct, San Antonio, TX 78201
Both residences are occupied, with driveway parking and a fenced outdoor area.
Property Size2,080 SF
Price / SF$153.85
Days on Market9
Property Features for 1340 W Ridgewood Ct
General Information
Standard status
Active
Size
2,080 SF
Property subtype
Residential Income
Occupancy
100%
Site & Location
Neighborhood
Central
Highway Access
Yes
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,385
Amenities
private fenced yard
covered front porch
spacious backyard
mature trees
Listing Agency:
eXp Realty
(888) 519-7431
Listed By:
Lindsey Marcum
(361) 549-4777
Source:
Exprealty
Added: Oct 24
Changed: Oct 28
Last Checked: Nov 1 at 11:57AM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This duplex contains two occupied residences and includes a detached two-car garage with street access. Other exterior features include a covered front porch, driveway parking, a fenced yard, mature trees, and a corner-lot setting.
The property is near I-10 and downtown San Antonio. Its two-unit configuration and existing occupancy are supported by the on-site parking and garage.
The property is near I-10 and downtown San Antonio. Its two-unit configuration and existing occupancy are supported by the on-site parking and garage.
Key Highlights
- Two‑unit duplex with both residences occupied
- Detached two‑car garage with street access
- Corner‑lot property near I‑10 and downtown San Antonio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,941
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$478,820
$478.8K
Cap Rate 7%
$342,014
$342.0K
Cap Rate 9%
$266,011
$266.0K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$36.2K $17.40/SF
− Vacancy
−$2.0K −$0.96/SF
EGI
$34.2K $16.44/SF
− OpEx
−$10.3K −$4.93/SF
NOI
$23.9K $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%
$478,820
Cap Rate 7%
$342,014
Cap Rate 9%
$266,011
Alternative Uses
Best Use
Multifamily LT 5
$342.0K
$299.3K – $399.0K
NOI $23,941 @ 7.0% cap · market cap 7.48%
Second Best
Apartment 5plus
$303.5K
$265.6K – $354.1K
NOI $21,247 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$530.6K
$464.3K – $619.0K
NOI $37,140 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,058
Businesses Nearby
Explore this area
Business Placement
Demographics for 78201, TX
42,005
Population
18,661
Households
2.3
Avg Household Size
39
Median Age
17%
College-Educated
73%
High-School Grad
7.1 sq mi
ZIP Area
5,916
Density / Sq Mi
$46,129
Median Household Income
$30,517
Median Earnings
$1,033
Median Rent
$187,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied, with driveway parking and a fenced outdoor area.
Where is this duplex located?
The property is located at 1340 W Ridgewood Ct San Antonio, TX.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Two‑unit duplex with both residences occupied; Detached two‑car garage with street access; Corner‑lot property near I‑10 and downtown San Antonio
