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    New Duplexes in Downtown San Antonio Title is generated by Realmo AI

    1502 South Walters, San Antonio, TX 78210

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    Claim this Listing
    For Sale
    $3,400,000

    Eight new duplexes (16 units) near downtown San Antonio.

    Type:Multi-Family / Three Story
    Property size:
    1,026 SF
    Price / SF:
    $3,313/SF
    Added:
    Oct 23, 2025
    Days on Market:
    226
    Last Refresh:
    May 13 at 9:54 pm

    Property Features for 1502 South Walters

    General Information

    Standard status
    Active
    Size
    1,026 SF
    Property subtype
    Multi-Family / Three Story

    Building Details

    Year Built
    2023

    We can help!

    Listing Contact
    Polo Gutierrez

    Listing agent Polo Gutierrez

    Listing office Phyllis Browning Company

    Listing date Oct 23, 2025

    Source Compass

    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 Phyllis Browning Company

    HighLights

    • Package of eight brand‑new duplexes (16 total units) in downtown San Antonio.
    • Each unit features 3 bedrooms, 2.5 bathrooms, and a single‑car garage.
    • Individual electric meters for each unit allow for separate utility management.
    • Contemporary finishes and open‑concept living spaces with low‑maintenance materials.
    • No current tenants, providing full flexibility in establishing rental rates and selecting tenants.
    • Strategically located near downtown San Antonio, major highways, and local amenities.

    Overview

    This is an investment opportunity to acquire a package of eight new duplexes, totaling 16 units, in the downtown San Antonio area. Each three-story unit features 3 bedrooms, 2.5 bathrooms, and a single-car garage. The units are equipped with individual electric meters for separate utility management. The homes are designed with contemporary finishes, open-concept living spaces, and durable, low-maintenance materials. As there are no current tenants, buyers have the flexibility to establish rental rates, select tenants, and manage the properties. The properties are strategically located near downtown San Antonio, major highways, and local amenities, positioning them for strong rental demand and long-term appreciation. This turnkey package offers an opportunity to expand a multifamily portfolio, combining modern design, functional layouts, and investment potential in one offering. Each unit has a property size of 1026 square feet.
    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
    -98.45209
    Latitude
    29.404392

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    FAQs

    What type of property is this?
    Duplex - Eight new duplexes (16 units) near downtown San Antonio.
    Where is this duplex located?
    The property is located at 1502 South Walters San Antonio, TX.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: Package of eight brand‑new duplexes (16 total units) in downtown San Antonio.; Each unit features **3 bedrooms, 2.5 bathrooms, and a single‑car garage.**; Individual electric meters for each unit allow for separate utility management.
    (210) 464-4521
    We can help!
    Listing Contact
    Polo Gutierrez
    Learn More
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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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