Fully Occupied Duplex with
New
For Sale
$380,000
4902 & 4832 Appleseed Ct, San Antonio, TX 78238
Multi-Family (2-8 Units), San Antonio, TX
Property Size2,490 SF
Lot Size0.07 Acres
Price / SF$152.61
Days on Market3
Property Features for 4902 & 4832 Appleseed Ct
General Information
Property type
Residential Multi Family
Property subtype
Other
Elementary school
Powell Lawrence
Middle school
Ross Sul
High school
Holmes Oliver W
Elementary school district
Northside
Middle school district
Northside
High school district
Northside
Subdivision
0300
Standard status
Active
Size
2,490 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
9082
Utilities
Cooling system
Central Air
Amenities
fully fenced
Building Details
Year built
2011
Listing Agency:
Exquisite Properties, LLC
(210) 494-1695
Listed By:
Stephanie Garcia
(210) 788-4129
Added: Sep 5
Changed: Sep 6
Last Checked: Sep 7 at 5:06PM
MLS# 2014579
Copyright © 2026 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2011, this duplex contains 2 residential units totaling 2,490 square feet. Each unit provides 1,245 square feet with 3 bedrooms, 2.5 bathrooms, and a 1-car garage. Central air serves both residences, and the property is fully fenced with no back neighbors.
Both units are fully occupied. The property is located near Loop 410, the Medical Center, UT Health Science Center, shopping, and restaurants. The 0.065-acre site is identified as 4902 & 4832 Appleseed Ct in San Antonio, Texas.
Both units are fully occupied. The property is located near Loop 410, the Medical Center, UT Health Science Center, shopping, and restaurants. The 0.065-acre site is identified as 4902 & 4832 Appleseed Ct in San Antonio, Texas.
Key Highlights
- 2‑unit duplex with both residences fully occupied
- Each unit has 1,245 square feet, 3 bedrooms, and 2.5 bathrooms
- Each residence includes a 1‑car garage
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
$28,660
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
7.54%
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%
$573,200
$573.2K
Cap Rate 7%
$409,429
$409.4K
Cap Rate 9%
$318,444
$318.4K
Market Conditions
NOI Build-Up for 2,490 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
$43.3K $17.40/SF
− Vacancy
−$2.4K −$0.96/SF
EGI
$40.9K $16.44/SF
− OpEx
−$12.3K −$4.93/SF
NOI
$28.7K $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%
$573,200
Cap Rate 7%
$409,429
Cap Rate 9%
$318,444
Alternative Uses
Best Use
Multifamily LT 5
$409.4K
$358.3K – $477.7K
NOI $28,660 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$363.4K
$317.9K – $423.9K
NOI $25,435 @ 7.0% cap · market cap 6.69%
Theoretical Best
Office A
$635.2K
$555.8K – $741.0K
NOI $44,461 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
682
Businesses Nearby
Explore this area
Business Placement
Demographics for 78238, TX
26,014
Population
11,726
Households
2.2
Avg Household Size
35
Median Age
21%
College-Educated
87%
High-School Grad
10.2 sq mi
ZIP Area
2,550
Density / Sq Mi
$56,227
Median Household Income
$36,268
Median Earnings
$1,183
Median Rent
$191,300
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 residential units offer matching three-bedroom, two-and-a-half-bath layouts with central air.
Where is this duplex located?
The property is located at 4902 & 4832 Appleseed Ct San Antonio, TX.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: 2‑unit duplex with both residences fully occupied; Each unit has 1,245 square feet, 3 bedrooms, and 2.5 bathrooms; Each residence includes a 1‑car garage
