Furnished Duplex with Dual
New
For Sale
$649,000
618 S Park Blvd, San Antonio, TX 78204
Two-story property offers furnished rooms, private locking doors, and laundry amenities for flexible residential leasing.
Property Size2,974 SF
Price / SF$218.22
Days on Market6
Property Features for 618 S Park Blvd
General Information
Standard status
Active
Size
2,974 SF
Property subtype
Multi-Family
Building Details
Year Built
2013
Listing Agency:
Boon Real Estate Group
Listed By:
Manny Gutierrez
(210) 883-4519
Source:
Thebranchinc
Added: Aug 30
Changed: Sep 1
Last Checked: Sep 2 at 7:22PM
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 Boon Real Estate Group
Investment Insights
Based on property information with market context.
Built in 2013, this 2,974 SF duplex includes matching layouts across the first and second floors, with each unit offering three bedrooms and three bathrooms. Dual primary suites appear within each floor plan, and every bedroom has a private locking door. The property is furnished and arranged for room-by-room leasing, with washer and dryer connections serving each unit.
Located at 618 S Park Blvd in San Antonio, the property also includes a water softener system and a coin-operated laundry area. Its current configuration supports mid-term rental operations while retaining separate residential units and individual bedroom access.
Located at 618 S Park Blvd in San Antonio, the property also includes a water softener system and a coin-operated laundry area. Its current configuration supports mid-term rental operations while retaining separate residential units and individual bedroom access.
Key Highlights
- 2,974 SF duplex built in 2013
- Two matching 3‑bedroom, 3‑bath floor plans
- 6 total bedrooms with private locking doors
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
$34,231
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
5.27%
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%
$684,620
$684.6K
Cap Rate 7%
$489,014
$489.0K
Cap Rate 9%
$380,344
$380.3K
Market Conditions
NOI Build-Up for 2,974 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
$51.7K $17.40/SF
− Vacancy
−$2.8K −$0.96/SF
EGI
$48.9K $16.44/SF
− OpEx
−$14.7K −$4.93/SF
NOI
$34.2K $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%
$684,620
Cap Rate 7%
$489,014
Cap Rate 9%
$380,344
Alternative Uses
Best Use
Multifamily LT 5
$489.0K
$427.9K – $570.5K
NOI $34,231 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$434.0K
$379.7K – $506.3K
NOI $30,379 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$758.6K
$663.8K – $885.1K
NOI $53,103 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
554
Businesses Nearby
Explore this area
Business Placement
Demographics for 78204, TX
11,298
Population
6,210
Households
1.8
Avg Household Size
39
Median Age
27%
College-Educated
78%
High-School Grad
2.7 sq mi
ZIP Area
4,184
Density / Sq Mi
$54,667
Median Household Income
$35,107
Median Earnings
$1,516
Median Rent
$142,200
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-story property offers furnished rooms, private locking doors, and laundry amenities for flexible residential leasing.
Where is this duplex located?
The property is located at 618 S Park Blvd San Antonio, TX.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 2,974 SF duplex built in 2013; Two matching 3‑bedroom, 3‑bath floor plans; 6 total bedrooms with private locking doors
