Well-Maintained Duplex
For Sale
$169,900
1636 Santa Anna, San Antonio, TX 78201
Cozy duplex with two separate 1-bedroom, 1-bath units, each with its own entrance and utilities.
Property Size1,360 SF
Price / SF$124.93
Days on Market332
Property Features for 1636 Santa Anna
General Information
Standard status
Active
Size
1,360 SF
Property subtype
Multi-Family / One Story
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,199
Amenities
Carpeting, Linoleum, Vinyl
Composition
Conventional, Cash, Investors OK
Mature Trees
Building Details
Year Built
1985
Listing Agency:
Keller Williams City-View
Listed By:
Rebecca Salmeron
(210) 696-9996
Source:
Compass
Added: Oct 10, 2025
Changed: Aug 8
Last Checked: Jul 31 at 10:45AM
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 Keller Williams City-View
Investment Insights
Based on property information with market context.
This well-maintained duplex features two matching units, with each side offering 1 bedroom, 1 bathroom, a cozy living area, and a functional kitchen. Tenants benefit from separate entrances and separate electrical utilities, supporting privacy and convenient day-to-day living.
The property is set on a spacious lot with off-street parking, providing space for tenants and for potential outdoor improvements. It is offered for sale.
Each unit is configured as a self-contained residence, making the layout straightforward for rental use or owner-occupancy with rental income support.
The property is set on a spacious lot with off-street parking, providing space for tenants and for potential outdoor improvements. It is offered for sale.
Each unit is configured as a self-contained residence, making the layout straightforward for rental use or owner-occupancy with rental income support.
Key Highlights
- Duplex built in 1985 with two separate 1‑bedroom, 1‑bath units
- Each unit has its own entrance and electrical utilities, supporting tenant privacy
- Functional layouts include a cozy living area and kitchen in both units
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
$13,892
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
8.18%
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%
$277,840
$277.8K
Cap Rate 7%
$198,457
$198.5K
Cap Rate 9%
$154,356
$154.4K
Market Conditions
NOI Build-Up for 1,360 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
$26.9K $19.80/SF
− Vacancy
−$1.7K −$1.23/SF
EGI
$25.3K $18.57/SF
− OpEx
−$11.4K −$8.36/SF
NOI
$13.9K $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%
$277,840
Cap Rate 7%
$198,457
Cap Rate 9%
$154,356
Alternative Uses
Best Use
Multifamily LT 5
$223.6K
$195.7K – $260.9K
NOI $15,654 @ 7.0% cap · market cap 9.21%
Second Best
Apartment 5plus
$198.5K
$173.7K – $231.5K
NOI $13,892 @ 7.0% cap · market cap 8.18%
Theoretical Best
Office A
$346.9K
$303.6K – $404.7K
NOI $24,284 @ 7.0% cap · market cap 14.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
822
Businesses Nearby
Explore this area
Business Placement
Demographics for 78201, TX
42,005
Population
18,661
Households
2.3
Avg Household Size
39
Median Age
17%
College-Educated
73%
High-School Grad
7.1 sq mi
ZIP Area
5,916
Density / Sq Mi
$46,129
Median Household Income
$30,517
Median Earnings
$1,033
Median Rent
$187,400
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 - Cozy duplex with two separate 1-bedroom, 1-bath units, each with its own entrance and utilities.
Where is this duplex located?
The property is located at 1636 Santa Anna San Antonio, TX.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Duplex built in 1985 with two separate 1‑bedroom, 1‑bath units; Each unit has its own entrance and electrical utilities, supporting tenant privacy; Functional layouts include a cozy living area and kitchen in both units
