Updated Duplex with Outdoor
18460 Interstate 37 S Elmendorf, TX 78112
18460 Interstate 37 S, Elmendorf, TX, 78112
$299,900
For Sale
$299,900
Updated duplex with two leased 1-bedroom, 1-bath units and outdoor space for parking and future improvements.
Property Size1,152 SF
Price / SF$260.33
Days on Market257
Property Features for 18460 Interstate 37 S
General Information
- Standard status
- Active
- Size
- 1,152 SF
Listing agency
Xsellence Realty
(210) 592-4285
Listed by
Robert Saenz
(210) 592-4285
Source
Exprealty
Added: Nov 7, 2025 Updated: Jul 22 at 3:38AM Checked: Jul 22 at 3:38AM
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 Xsellence Realty
Investment Insights
Based on property information with market context.
This updated duplex features two separate units, each offering 1 bedroom and 1 bath with modern finishes. The property includes generous outdoor space that supports day-to-day use and provides room for RV, boat, or truck parking. Additional space is also available for potential future structures.
Located at 18460 Interstate 37 S in Elmendorf, TX 78112, the home is described as right by the lake and is approximately 15 minutes from SE Military Dr. The listing also notes proximity to shopping and dining.
Both units are currently leased, providing an immediate income component for an owner-occupant or investor.
Located at 18460 Interstate 37 S in Elmendorf, TX 78112, the home is described as right by the lake and is approximately 15 minutes from SE Military Dr. The listing also notes proximity to shopping and dining.
Both units are currently leased, providing an immediate income component for an owner-occupant or investor.
Key Highlights
- Updated duplex with two 1‑bedroom, 1‑bath units
- Both units are currently leased
- Modern finishes throughout both units
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 | $18.7k | $16.20 |
| − Vacancy | −$1.3k | −$1.15 |
| EGI | $17.3k | $15.05 |
| − OpEx | −$5.2k | −$4.51 |
| NOI | $12.1k | $10.53 |
1,152 SF · lease $16.20/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$173.3K
$151.7K – $202.2K
NOI $12,134 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$150.7K
$131.9K – $175.8K
NOI $10,549 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$311.8K
$272.8K – $363.8K
NOI $21,826 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Updated duplex with two leased 1-bedroom, 1-bath units and outdoor space for parking and future improvements.
Where is this duplex located?
The property is located at 18460 Interstate 37 S Elmendorf, TX.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Updated duplex with two 1‑bedroom, 1‑bath units; Both units are currently leased; Modern finishes throughout both units
