Newly Remodeled Duplex with Two
For Sale
$269,999
1503 Vanderbilt Street, San Antonio, TX 78210
Newly remodeled duplex offering two updated 3-bedroom, 1-bath units with turnkey appeal.
Property Size2,178 SF
Price / SF$123.97
Days on Market262
Property Features for 1503 Vanderbilt Street
General Information
Standard status
Active
Size
2,178 SF
Property subtype
Multi-Family / One Story
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,271
Amenities
Vinyl
Composition
Slab
Conventional, FHA, VA, Cash
Not Applicable/None
Building Details
Year Built
2000
Tenancy
Multi
Listing Agency:
TEAM ELITE GROUP
(512) 784-0048
Listed By:
Andy Patlan · License #534567
(512) 784-0048
Source:
Compass
Added: Nov 23, 2025
Changed: Aug 8
Last Checked: Jul 23 at 6:08AM
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 TEAM ELITE GROUP
Investment Insights
Based on property information with market context.
This newly remodeled duplex includes two separate 3-bedroom, 1-bath units. Each unit has been updated with modern finishes, creating a turnkey configuration suitable for either full-time owner occupancy or long-term rental use.
The property is located at 1503 Vanderbilt Street in San Antonio, with convenient access to major highways, downtown San Antonio, and nearby amenities.
The layout provides two residential units within one property, each offering the same 3-bedroom, 1-bath configuration, making it straightforward to market and manage as a residential income duplex.
The property is located at 1503 Vanderbilt Street in San Antonio, with convenient access to major highways, downtown San Antonio, and nearby amenities.
The layout provides two residential units within one property, each offering the same 3-bedroom, 1-bath configuration, making it straightforward to market and manage as a residential income duplex.
Key Highlights
- Newly remodeled duplex in San Antonio with two updated 3‑bedroom, 1‑bath units
- Year built: 2000
- Vinyl flooring and updated interior finishes
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
$22,248
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
8.24%
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%
$444,960
$445.0K
Cap Rate 7%
$317,829
$317.8K
Cap Rate 9%
$247,200
$247.2K
Market Conditions
NOI Build-Up for 2,178 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
$43.1K $19.80/SF
− Vacancy
−$2.7K −$1.23/SF
EGI
$40.5K $18.57/SF
− OpEx
−$18.2K −$8.36/SF
NOI
$22.2K $10.21/SF
Area
San Antonio, TX
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
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%
$444,960
Cap Rate 7%
$317,829
Cap Rate 9%
$247,200
Alternative Uses
Best Use
Multifamily LT 5
$358.1K
$313.4K – $417.8K
NOI $25,069 @ 7.0% cap · market cap 9.28%
Second Best
Apartment 5plus
$317.8K
$278.1K – $370.8K
NOI $22,248 @ 7.0% cap · market cap 8.24%
Theoretical Best
Office A
$555.6K
$486.1K – $648.2K
NOI $38,890 @ 7.0% cap · market cap 14.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
Explore this area
Business Placement
Demographics for 78210, TX
33,010
Population
14,410
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
76%
High-School Grad
7.3 sq mi
ZIP Area
4,522
Density / Sq Mi
$51,990
Median Household Income
$33,271
Median Earnings
$1,119
Median Rent
$172,700
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 - Newly remodeled duplex offering two updated 3-bedroom, 1-bath units with turnkey appeal.
Where is this duplex located?
The property is located at 1503 Vanderbilt Street San Antonio, TX.
What is the asking price?
The asking price for this property is $269,999.
What are key features of this property?
This property features: Newly remodeled duplex in San Antonio with two updated 3‑bedroom, 1‑bath units; Year built: 2000; Vinyl flooring and updated interior finishes
