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New Duplex Units in San Antonio

1510 South Walters Street San Antonio, TX 78210

Claim this Listing
For Sale
$424,999

New duplex units for lease near downtown San Antonio.

Type:Multi-Family / Three Story
Property size:
2,700 SF
Price / SF:
$157.41/SF
Added:
Dec 22, 2025
Days on Market:
204
Last Refresh:
Jul 5 at 11:55 am

Property Features for 1510 South Walters Street

General Information

Standard status
Active
Size
2,700 SF
Property subtype
Multi-Family / Three Story

Building Details

Year Built
2025

Listing office Phyllis Browning Company

Listing date Dec 22, 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


Investment Insights

Based on property information with market context.

A portfolio of eight duplex buildings, totaling sixteen units, offers an opportunity to lease brand-new apartment units in downtown San Antonio. Each unit features a three-story layout with approximately 1,350 square feet of living space, including 3 bedrooms, 2.5 bathrooms, and a single-car garage. The units have separate electric meters. Designed with contemporary finishes, open-concept living spaces, and durable, low-maintenance materials, these residences offer modern functionality and comfort. With no existing tenants, each unit is available for immediate lease-up, providing flexibility in rental pricing and tenant selection. The property is strategically located near downtown San Antonio, major highway access, and local amenities, positioning it to capture strong rental demand.

Key Highlights

  • Brand new construction (2025) in downtown San Antonio area.
  • Spacious three‑story layout with 3 bedrooms and 2.5 bathrooms (1,350 sq ft).
  • Single‑car garage and separate electric meters for each unit.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $47.0k $17.40
− Vacancy −$2.6k −$0.96
EGI $44.4k $16.44
− OpEx −$13.3k −$4.93
NOI $31.1k $11.51
2,700 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$444.0K
$388.5K – $518.0K (±1% cap)
NOI $31,077 @ 7.0% cap · market cap 7.31%
Second Best
Apartment 5plus
$394.0K
$344.8K – $459.7K (±1% cap)
NOI $27,580 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$688.7K
$602.6K – $803.5K (±1% cap)
NOI $48,211 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Dental Office (Bike/Boat/Book/etc) Store Acupuncture Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Skin Care Clinic (Bike/Boat/Book/etc) Store Plumbing Service Travel Agency

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - New duplex units for lease near downtown San Antonio.
Where is this duplex located?
The property is located at 1510 South Walters Street San Antonio, TX.
What is the asking price?
The asking price for this property is $424,999.
What are key features of this property?
This property features: Brand new construction (2025) in downtown San Antonio area.; Spacious three‑story layout with **3 bedrooms and 2.5 bathrooms (1,350 sq ft)**.; Single‑car garage and separate electric meters for each unit.
Contact an agent
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