Renovated Two-Unit
For Sale
$249,000
1431 Norfleet St, San Antonio, TX 78208
Both residences have separate water and electric meters, along with included appliances.
Property Size1,344 SF
Price / SF$185.27
Days on Market15
Property Features for 1431 Norfleet St
General Information
Standard status
Active
Size
1,344 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Government Hill Alliance
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,926
Amenities
shared backyard
appliances included
Building Details
Buildings
1
Listing Agency:
White Line Realty LLC
(210) 951-3478
Listed By:
Susana Williams · License #0784945
(210) 997-4444
Source:
Exprealty
Added: Oct 18
Changed: Oct 31
Last Checked: Oct 30 at 3:24PM
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 White Line Realty LLC
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Investment Insights
Based on property information with market context.
This 1,344-square-foot duplex contains two renovated residences, each with two bedrooms and one bathroom. Updated kitchens and bathrooms, new windows, plumbing, electrical systems, and HVAC serve the property. Appliances are included, and the units have separate water and electric meters.
A shared backyard provides outdoor space. The property is on Norfleet Street in San Antonio, with Downtown San Antonio, The Pearl, and Fort Sam Houston identified as nearby destinations.
A shared backyard provides outdoor space. The property is on Norfleet Street in San Antonio, with Downtown San Antonio, The Pearl, and Fort Sam Houston identified as nearby destinations.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,344 square feet across the duplex
- Renovated kitchens and bathrooms; new windows, plumbing, electrical, and HVAC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,470
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,400
$309.4K
Cap Rate 7%
$221,000
$221.0K
Cap Rate 9%
$171,889
$171.9K
Market Conditions
NOI Build-Up for 1,344 SF
Gross rent
$23.4K $17.40/SF
− Vacancy
−$1.3K −$0.96/SF
EGI
$22.1K $16.44/SF
− OpEx
−$6.6K −$4.93/SF
NOI
$15.5K $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%
$309,400
Cap Rate 7%
$221,000
Cap Rate 9%
$171,889
Alternative Uses
Best Use
Multifamily LT 5
$221.0K
$193.4K – $257.8K
NOI $15,470 @ 7.0% cap · market cap 6.21%
Second Best
Apartment 5plus
$196.1K
$171.6K – $228.8K
NOI $13,729 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$342.8K
$300.0K – $400.0K
NOI $23,998 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Explore this area
Business Placement
Demographics for 78208, TX
3,874
Population
2,292
Households
1.7
Avg Household Size
35
Median Age
13%
College-Educated
76%
High-School Grad
1.0 sq mi
ZIP Area
3,874
Density / Sq Mi
$23,194
Median Household Income
$26,136
Median Earnings
$894
Median Rent
$125,000
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 - Both residences have separate water and electric meters, along with included appliances.
Where is this duplex located?
The property is located at 1431 Norfleet St San Antonio, TX.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,344 square feet across the duplex; Renovated kitchens and bathrooms; new windows, plumbing, electrical, and HVAC
