Two-Unit Duplex with Tile
For Sale
$239,000
1415 West Summit, San Antonio, TX 78201
Two-bedroom residences offer ceramic tile flooring and established long-term tenancy near downtown San Antonio.
Property Size1,874 SF
Price / SF$127.53
Days on Market621
Property Features for 1415 West Summit
General Information
Standard status
Active
Size
1,874 SF
Property subtype
Multi-Family / One Story
Zoning
R-4
Net Operating Income
$14,641
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,158
Amenities
Ceramic Tile
Composition
Slab
Pre-Owned
Conventional, Cash, Investors OK
Cable TV Available
Building Details
Year Built
2002
Listing Agency:
Vortex Realty
Listed By:
Jonathan Leos
(210) 396-1652
Source:
Compass
Added: Dec 24, 2024
Changed: Sep 4
Last Checked: Aug 30 at 11:31AM
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 Vortex Realty
Investment Insights
Based on property information with market context.
Built in 2002, this R-4-zoned duplex contains two two-bedroom residences designed for everyday residential use. Ceramic tile flooring extends throughout both units, providing a consistent interior finish. The property is occupied by long-term tenants, adding established tenancy to the existing configuration.
The duplex is located at 1415 West Summit in San Antonio, near downtown and within proximity to IH-10. Its setting provides access to city amenities, dining, entertainment, and regional commuting routes. The property also includes slab construction and composition exterior materials.
The duplex is located at 1415 West Summit in San Antonio, near downtown and within proximity to IH-10. Its setting provides access to city amenities, dining, entertainment, and regional commuting routes. The property also includes slab construction and composition exterior materials.
Key Highlights
- Two‑bedroom duplex with two residential units
- Ceramic tile flooring throughout both units
- Long‑term tenants in place
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
$21,570
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
9.03%
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%
$431,400
$431.4K
Cap Rate 7%
$308,143
$308.1K
Cap Rate 9%
$239,667
$239.7K
Market Conditions
NOI Build-Up for 1,874 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
$32.6K $17.40/SF
− Vacancy
−$1.8K −$0.96/SF
EGI
$30.8K $16.44/SF
− OpEx
−$9.2K −$4.93/SF
NOI
$21.6K $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%
$431,400
Cap Rate 7%
$308,143
Cap Rate 9%
$239,667
Alternative Uses
Best Use
Multifamily LT 5
$308.1K
$269.6K – $359.5K
NOI $21,570 @ 7.0% cap · market cap 9.03%
Second Best
Apartment 5plus
$273.5K
$239.3K – $319.1K
NOI $19,143 @ 7.0% cap · market cap 8.01%
Theoretical Best
Office A
$478.0K
$418.3K – $557.7K
NOI $33,462 @ 7.0% cap · market cap 14.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,245
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
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 - Two-bedroom residences offer ceramic tile flooring and established long-term tenancy near downtown San Antonio.
Where is this duplex located?
The property is located at 1415 West Summit San Antonio, TX.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Two‑bedroom duplex with two residential units; Ceramic tile flooring throughout both units; Long‑term tenants in place
