Two-Home Duplex
For Sale
$244,000
1412 Whitman Ave, San Antonio, TX 78211
Separate residences share one lot with individual utilities, dedicated parking areas, and a privacy fence.
Property Size1,574 SF
Price / SF$155.02
Days on Market79
Property Features for 1412 Whitman Ave
General Information
Standard status
Active
Size
1,574 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1948
Listing Agency:
Full Spectrum Realty
Listed By:
Terry Todd
(210) 287-5982
Source:
Texashomeguide
Added: Aug 4
Changed: Oct 11
Last Checked: Oct 7 at 3:55PM
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 Full Spectrum Realty
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Investment Insights
Based on property information with market context.
This duplex property at 1412 Whitman Ave includes two separate homes on one lot with a combined 1,574 square feet. The first residence offers 3 bedrooms and 1 bath across 878 square feet, while the second provides 2 bedrooms and 1 bath within 696 square feet. Each home has its own parking area, and the property includes a privacy fence.
Gas and electric service are separately metered, with shared water service. Unit 1 has been occupied by the same tenant for 5 plus years under an existing lease that expires 5.31.27. Unit 2 is currently unoccupied. The property was built in 1948 and is located in San Antonio, TX 78211.
Gas and electric service are separately metered, with shared water service. Unit 1 has been occupied by the same tenant for 5 plus years under an existing lease that expires 5.31.27. Unit 2 is currently unoccupied. The property was built in 1948 and is located in San Antonio, TX 78211.
Key Highlights
- Two homes on one lot with 1,574 square feet combined
- Home #1: 3 bedroom, 1 bath, 878 Sqft
- Home #2: 2 bedroom, 1 bath, 696 Sqft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,117
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,340
$362.3K
Cap Rate 7%
$258,814
$258.8K
Cap Rate 9%
$201,300
$201.3K
Market Conditions
NOI Build-Up for 1,574 SF
Gross rent
$27.4K $17.40/SF
− Vacancy
−$1.5K −$0.96/SF
EGI
$25.9K $16.44/SF
− OpEx
−$7.8K −$4.93/SF
NOI
$18.1K $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 Rate 5%
$362,340
Cap Rate 7%
$258,814
Cap Rate 9%
$201,300
Alternative Uses
Best Use
Multifamily LT 5
$258.8K
$226.5K – $302.0K
NOI $18,117 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$229.7K
$201.0K – $268.0K
NOI $16,078 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$401.5K
$351.3K – $468.4K
NOI $28,105 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
939
Businesses Nearby
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Business Placement
Demographics for 78211, TX
29,976
Population
10,516
Households
2.9
Avg Household Size
35
Median Age
7%
College-Educated
63%
High-School Grad
10.2 sq mi
ZIP Area
2,939
Density / Sq Mi
$54,279
Median Household Income
$30,109
Median Earnings
$1,047
Median Rent
$110,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate residences share one lot with individual utilities, dedicated parking areas, and a privacy fence.
Where is this duplex located?
The property is located at 1412 Whitman Ave San Antonio, TX.
What is the asking price?
The asking price for this property is $244,000.
What are key features of this property?
This property features: Two homes on one lot with 1,574 square feet combined; Home #1: 3 bedroom, 1 bath, 878 Sqft; Home #2: 2 bedroom, 1 bath, 696 Sqft
