Duplex with Open-Plan
1369 Oblate Drive San Antonio, TX 78216
1369 Oblate Drive, San Antonio, TX, 78216
$245,000
For Sale
$245,000
Duplex offers an open floor plan with ceramic tile and two-bedroom units, with bus line access nearby.
Property Size1,680 SF
Price / SF$145.83
Days on Market54
Property Features for 1369 Oblate Drive
General Information
- Standard status
- Active
- Size
- 1,680 SF
- Property subtype
- Multi-Family / One Story
Building Details
- Year Built
- 1958
Listing agency
Vortex Realty
(210) 872-6666
Listed by
Jesse Sanchez
(210) 872-6666
Source
Compass
Added: May 30 Updated: Jul 10 at 1:52PM Checked: Jul 21 at 8:29AM
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.
This income-producing duplex features an open floor plan with ceramic tile finishes. Each side includes two bedrooms, providing a straightforward, tenant-friendly layout.
The property is described as located in a more secluded area while still being near everyday needs. Bus line access is available nearby, supporting convenient transportation options.
As a for-sale duplex, this configuration can fit buyers seeking a residential income property with simple, open interior living space and clear bed/bath functionality. The two-bedroom design supports a range of household types, while the ceramic tile and open-plan arrangement may appeal to tenants looking for an easy-to-maintain interior feel. For accurate details on current conditions and tenancy, prospective buyers should verify all information during a showing.
The property is described as located in a more secluded area while still being near everyday needs. Bus line access is available nearby, supporting convenient transportation options.
As a for-sale duplex, this configuration can fit buyers seeking a residential income property with simple, open interior living space and clear bed/bath functionality. The two-bedroom design supports a range of household types, while the ceramic tile and open-plan arrangement may appeal to tenants looking for an easy-to-maintain interior feel. For accurate details on current conditions and tenancy, prospective buyers should verify all information during a showing.
Key Highlights
- Income‑producing duplex built in 1958
- Each unit features an open floor plan with ceramic tile flooring
- Two‑bedroom unit layout
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.2k | $17.40 |
| − Vacancy | −$1.6k | −$0.96 |
| EGI | $27.6k | $16.44 |
| − OpEx | −$8.3k | −$4.93 |
| NOI | $19.3k | $11.51 |
1,680 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$276.2K
$241.7K – $322.3K
NOI $19,337 @ 7.0% cap · market cap 7.89%
Second Best
Apartment 5plus
$245.2K
$214.5K – $286.0K
NOI $17,161 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$428.5K
$375.0K – $500.0K
NOI $29,998 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex offers an open floor plan with ceramic tile and two-bedroom units, with bus line access nearby.
Where is this duplex located?
The property is located at 1369 Oblate Drive San Antonio, TX.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Income‑producing duplex built in 1958; Each unit features an open floor plan with ceramic tile flooring; Two‑bedroom unit layout
