New Construction Duplex with Private
New
For Sale
$429,000
1715 El Monte Boulevard, San Antonio, TX 78201
Planned two-unit property with open interiors, quartz countertops, stainless steel appliances, and separate utility metering.
Property Size2,600 SF
Price / SF$165
Days on Market2
Property Features for 1715 El Monte Boulevard
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Amenities
high ceilings
luxury vinyl floors
quartz counters
stainless steel appliances
private backyard
Building Details
Buildings
1
Listing Agency:
Eaton Real Estate Company,LLC
Listed By:
Stephen Eaton · License #0539000
(409) 996-9999
Source:
Doorstephomegroup
Added: Sep 5
Last Checked: Sep 5 at 3:05PM
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 Eaton Real Estate Company,LLC
Investment Insights
Based on property information with market context.
This planned new-construction duplex is designed with 2,600 square feet total and an open interior arrangement featuring high ceilings, living and dining areas, waterproof and water-resistant luxury vinyl flooring, quartz countertops, and stainless steel appliances with a range hood. The layout includes a primary suite with a high ceiling and private full bathroom, plus two additional bedrooms and another full bathroom. Each unit has private side backyard access with fencing for separation and privacy, along with its own water and electric meter.
The property is located at 1715 El Monte Boulevard in San Antonio, with access to major highways 410 and I-10 described as seconds away. Downtown, Alamo Quarry shopping, restaurants, and other amenities are noted as approximately 10 minutes away. Estimated completion is October 2026.
The property is located at 1715 El Monte Boulevard in San Antonio, with access to major highways 410 and I-10 described as seconds away. Downtown, Alamo Quarry shopping, restaurants, and other amenities are noted as approximately 10 minutes away. Estimated completion is October 2026.
Key Highlights
- New‑construction duplex with estimated completion by October 2026
- 2,600 Sq ft total
- 3 Bed/2 Bath configuration
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
$29,926
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
6.98%
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%
$598,520
$598.5K
Cap Rate 7%
$427,514
$427.5K
Cap Rate 9%
$332,511
$332.5K
Market Conditions
NOI Build-Up for 2,600 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
$45.2K $17.40/SF
− Vacancy
−$2.5K −$0.96/SF
EGI
$42.8K $16.44/SF
− OpEx
−$12.8K −$4.93/SF
NOI
$29.9K $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%
$598,520
Cap Rate 7%
$427,514
Cap Rate 9%
$332,511
Alternative Uses
Best Use
Multifamily LT 5
$427.5K
$374.1K – $498.8K
NOI $29,926 @ 7.0% cap · market cap 6.98%
Second Best
Apartment 5plus
$379.4K
$332.0K – $442.7K
NOI $26,559 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$663.2K
$580.3K – $773.8K
NOI $46,425 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
829
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 - Planned two-unit property with open interiors, quartz countertops, stainless steel appliances, and separate utility metering.
Where is this duplex located?
The property is located at 1715 El Monte Boulevard San Antonio, TX.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: New‑construction duplex with estimated completion by October 2026; 2,600 Sq ft total; 3 Bed/2 Bath configuration
