Renovated
New
For Sale
$260,000
1431 NORFLEET ST, San Antonio, TX 78208
Multi-Family (2-8 Units), San Antonio, TX
Property Size1,344 SF
Lot Size0.22 Acres
Price / SF$193.45
Days on Market3
Property Features for 1431 NORFLEET ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Elementary school
Pershing
Middle school
Davis
Elementary school district
San Antonio I.S.D.
Middle school district
San Antonio I.S.D.
High school district
San Antonio I.S.D.
Subdivision
1300
Standard status
Active
Size
1,344 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Annual Amount
3926
Amenities
shared backyard
appliances included
Building Details
Year built
1942
Listing Agency:
White Line Realty LLC
(210) 951-3478
Listed By:
Susana Williams
(210) 439-4471
Added: Oct 18
Changed: Oct 19
Last Checked: Oct 20 at 12:06AM
MLS# 2024444
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.
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Investment Insights
Based on property information with market context.
This duplex contains two 2-bedroom, 1-bathroom units, both renovated with updated kitchens and bathrooms. Improvements include new windows, plumbing, electrical systems, and HVAC. Each residence has separate water and electric meters, and appliances are included. The shared backyard adds outdoor space to the property.
The 0.223-acre parcel is in San Antonio, with Downtown San Antonio, The Pearl, and Fort Sam Houston described as nearby destinations. The building dates to 1942.
The 0.223-acre parcel is in San Antonio, with Downtown San Antonio, The Pearl, and Fort Sam Houston described as nearby destinations. The building dates to 1942.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- Renovated kitchens and bathrooms in both residences
- New windows, plumbing, electrical, and HVAC systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,470
Cap Rate
5.95%
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 5.95%
Second Best
Apartment 5plus
$196.1K
$171.6K – $228.8K
NOI $13,729 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$342.8K
$300.0K – $400.0K
NOI $23,998 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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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 - Two separate two-bedroom residences share a backyard and have independent water and electric meters.
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 $260,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; Renovated kitchens and bathrooms in both residences; New windows, plumbing, electrical, and HVAC systems
