Fully Occupied
For Sale
$300,000
14422 Hereford, San Antonio, TX 78217
Two residences share private garages, driveway parking, and separately fenced backyard areas in northeast San Antonio.
Property Size1,987 SF
Price / SF$150.98
Days on Market35
Property Features for 14422 Hereford
General Information
Standard status
Active
Size
1,987 SF
Property subtype
Multi-Family
Occupancy
100%
Net Operating Income
$18,391
Financials
Cap Rate
6%
Gross Income
$25,200
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
1983
Buildings
1
Listing Agency:
eXp Realty
Listed By:
J.J. Gorena
(210) 367-6024
Source:
Sarahildebrandaguilera
Added: Aug 2
Changed: Aug 28
Last Checked: Sep 5 at 10:24AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This duplex, built in 1983, contains two separately configured residences. One unit has 2 bedrooms and 1 bathroom, while the other includes 3 bedrooms and 2 bathrooms. Each residence has a private attached single-car garage, additional driveway parking, and a backyard area divided by privacy fencing. The property is fully occupied and leased.
The duplex is located in northeast San Antonio within the NEISD area and feeds into Madison High School. The reported cap rate is 6. An accepted contract is required before touring, and current tenants are not to be disturbed.
The duplex is located in northeast San Antonio within the NEISD area and feeds into Madison High School. The reported cap rate is 6. An accepted contract is required before touring, and current tenants are not to be disturbed.
Key Highlights
- Fully occupied duplex with two leased residences
- Unit mix includes 2 bedrooms and 1 bathroom plus 3 bedrooms and 2 bathrooms
- Each unit has a private single‑car attached garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,871
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$457,420
$457.4K
Cap Rate 7%
$326,729
$326.7K
Cap Rate 9%
$254,122
$254.1K
Market Conditions
NOI Build-Up for 1,987 SF
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.
Gross rent
$34.6K $17.40/SF
− Vacancy
−$1.9K −$0.96/SF
EGI
$32.7K $16.44/SF
− OpEx
−$9.8K −$4.93/SF
NOI
$22.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$457,420
Cap Rate 7%
$326,729
Cap Rate 9%
$254,122
Alternative Uses
Best Use
Multifamily LT 5
$326.7K
$285.9K – $381.2K
NOI $22,871 @ 7.0% cap · market cap 7.62%
Second Best
Apartment 5plus
$290.0K
$253.7K – $338.3K
NOI $20,297 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$506.8K
$443.5K – $591.3K
NOI $35,479 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
608
Businesses Nearby
Explore this area
Business Placement
Demographics for 78217, TX
33,562
Population
16,179
Households
2.1
Avg Household Size
36
Median Age
30%
College-Educated
91%
High-School Grad
10.1 sq mi
ZIP Area
3,323
Density / Sq Mi
$56,852
Median Household Income
$33,931
Median Earnings
$1,186
Median Rent
$216,100
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 - Two residences share private garages, driveway parking, and separately fenced backyard areas in northeast San Antonio.
Where is this duplex located?
The property is located at 14422 Hereford San Antonio, TX.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Fully occupied duplex with two leased residences; Unit mix includes 2 bedrooms and 1 bathroom plus 3 bedrooms and 2 bathrooms; Each unit has a private single‑car attached garage
