Value-Add Duplex with Open
For Sale
$259,900
139 Ranger, San Antonio, TX 78203
2017-built side-by-side duplex offers two 3-bedroom, 2-bath units with open-concept layouts, with one unit rent-ready.
Days on Market18
Property Features for 139 Ranger
General Information
Standard status
Active
Property subtype
Multi Family Home
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Building Size
1,804 SF
Year Built
2020
Listing Agency:
Redbird Realty LLC
(210) 818-8135
Listed By:
Jeffrey Garza · License #0648429
(210) 818-8135
Source:
Southtexasrealtyservices
Added: Jul 15
Changed: Jul 28
Last Checked: Jul 31 at 1:20PM
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 Redbird Realty LLC
Investment Insights
Based on property information with market context.
This 2017-built side-by-side duplex is configured as two separate residential units, each offering an open-concept layout with 3 bedrooms and 2 full bathrooms. Unit 101 is described as being in better condition and closer to rent-ready, supporting quicker occupancy for rental income or owner-occupancy. Unit 102 is described as needing repairs, presenting an opportunity for renovation and value-add work.
The property is positioned for convenient access to downtown, major highways, shopping, dining, and local employers, based on the information provided.
For buyers seeking a duplex that can support both immediate income potential and longer-term updates, this property reflects a practical split in condition between the two units.
The property is positioned for convenient access to downtown, major highways, shopping, dining, and local employers, based on the information provided.
For buyers seeking a duplex that can support both immediate income potential and longer-term updates, this property reflects a practical split in condition between the two units.
Key Highlights
- 2017‑built side‑by‑side duplex on San Antonio’s East Side
- Two 3‑bedroom, 2‑bath units with open‑concept layouts
- Unit 101 is in better condition and closer to rent‑ready for faster rental income
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 | $31.4k | $17.40 |
| − Vacancy | −$1.7k | −$0.96 |
| EGI | $29.7k | $16.44 |
| − OpEx | −$8.9k | −$4.93 |
| NOI | $20.8k | $11.51 |
1,804 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$296.6K
$259.6K – $346.1K
NOI $20,764 @ 7.0% cap · market cap 7.99%
Second Best
Apartment 5plus
$263.3K
$230.4K – $307.1K
NOI $18,428 @ 7.0% cap · market cap 7.09%
Theoretical Best
Office A
$460.2K
$402.7K – $536.9K
NOI $32,212 @ 7.0% cap · market cap 12.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
471
Businesses Nearby
Explore this area
Business Placement
Demographics for 78203, TX
5,872
Population
2,380
Households
2.5
Avg Household Size
35
Median Age
14%
College-Educated
75%
High-School Grad
1.4 sq mi
ZIP Area
4,194
Density / Sq Mi
$34,815
Median Household Income
$28,146
Median Earnings
$989
Median Rent
$139,900
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 - 2017-built side-by-side duplex offers two 3-bedroom, 2-bath units with open-concept layouts, with one unit rent-ready.
Where is this duplex located?
The property is located at 139 Ranger San Antonio, TX.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 2017‑built side‑by‑side duplex on San Antonio’s East Side; Two 3‑bedroom, 2‑bath units with open‑concept layouts; Unit 101 is in better condition and closer to rent‑ready for faster rental income
