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    Duplex with Separate Utilities Title is generated by Realmo AI

    1412 WHITMAN AVE, San Antonio, TX 78211

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    New
    For Sale
    $245,000

    MULTI_FAMILY - San Antonio, TX

    Property size:
    1,574 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $155/SF
    Added:
    Jun 2, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 4 at 10:06 am

    Property Features for 1412 WHITMAN AVE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R6
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    Size
    1,574 SF
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4152

    Building Details

    Year built
    1948

    We can help!

    Listing Contact
    Terry Todd

    Listing agent Terry Todd

    Listing office Full Spectrum Realty 11120 Wurzbach Rd, San Antonio, TX

    Listing date Jun 2, 2026

    MLS# 1971729 Listing URL

    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.

    HighLights

    • Multi‑family on one lot with 2 individual homes: live in one and rent the other
    • Separate gas and electric utilities; shared water between the two homes
    • Home #1: 3 bed, 1 bath, 878 SF
    • Home #2: 2 bed, 1 bath, 696 SF
    • Accessible approach with ramp
    • Unit 1 occupied by the same tenant for 5+ years; existing lease expires 5.31.27; Unit 2 currently unoccupied

    Overview

    This duplex investment features two individual residences on one lot, offering flexible living and income options. Home #1 is a 3-bedroom, 1-bath layout with 878 square feet. Home #2 is a 2-bedroom, 1-bath layout with 696 square feet. The homes have separate gas and electric services, while water is shared. Both units benefit from on-site parking and a privacy fence for added separation and comfort.

    Located at 1412 Whitman Ave in San Antonio, TX 78211, the property is zoned R6. The configuration supports practical day-to-day use, with plenty of parking for multiple cars and larger vehicles such as trucks. Unit #1 has been occupied for more than five years by the same tenant, with an existing lease that expires 5.31.27. Unit #2 is currently unoccupied.

    For buyers and investors, this setup can fit a live-in owner looking to offset expenses with rental income, or an investor seeking a two-unit portfolio on one lot. The combination of separate utilities and dedicated parking makes it easier to manage tenant comfort and expectations. With one unit already leased and the other available, it also offers a clear path to either maintain current income or re-lease the vacant home.

    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 $27.4k $17.40
    − Vacancy −$1.5k −$0.96
    EGI $25.9k $16.44
    − OpEx −$7.8k −$4.93
    NOI $18.1k $11.51
    1,574 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $258.8K
    $226.5K – $302.0K (±1% cap)
    NOI $18,117 @ 7.0% cap · market cap 7.39%
    Second Best
    Apartment 5plus
    $229.7K
    $201.0K – $268.0K (±1% cap)
    NOI $16,078 @ 7.0% cap · market cap 6.56%
    Theoretical Best
    Office A
    $401.5K
    $351.3K – $468.4K (±1% cap)
    NOI $28,105 @ 7.0% cap · market cap 11.47%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Comal
    State
    Texas
    Longitude
    -98.540015
    Latitude
    29.363737

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    FAQs

    What type of property is this?
    Duplex - Two homes on one lot let you live in one and rent the other with separate gas and electric.
    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 $245,000.
    What are key features of this property?
    This property features: Multi‑family on one lot with 2 individual homes: live in one and rent the other; Separate gas and electric utilities; shared water between the two homes; Home #1: 3 bed, 1 bath, 878 SF
    (210) 281-1067
    We can help!
    Listing Contact
    Terry Todd
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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