Two-Unit Duplex with
For Sale
Contact for pricing
2019 Martin Luther King Drive, San Antonio, TX 78203
Two separate residences share one lot and a water meter, with driveway parking and mature trees.
Property Size1,720 SF
Price / SF$0.76
Days on Market210
Property Features for 2019 Martin Luther King Drive
General Information
Standard status
Active
Size
1,720 SF
Property subtype
Residential Rental / Single Family Detached
Units
Unit Mix
3BR/1BA, 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,783
Amenities
Central, Floor Furnace
3
Linoleum, Vinyl
One Living Area
Not Applicable
1
All Remain
1.0
Building Details
Year Built
1924
Buildings
2
Listing Agency:
StepStone Realty, LLC
Listed By:
Iliana Chavira
(956) 391-6366
Source:
Compass
Added: Mar 26
Changed: Oct 13
Last Checked: Oct 20 at 11:10PM
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 StepStone Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,720-square-foot duplex includes two separate residences on one lot. The front home offers 3 bedrooms, 1 bath, more than 1,200 square feet of living space, a large laundry room, window-unit cooling, and access to a spacious driveway and rear two-car carport. The 1-bedroom, 1-bath rear home provides a distinct second residence. Both homes use one water meter.
Built in 1924, the property features linoleum and vinyl interior surfaces, metal exterior elements, and mature trees. It is located at 2019 Martin Luther King Drive in San Antonio, Texas, with the front residence and rear unit arranged on the same parcel.
Built in 1924, the property features linoleum and vinyl interior surfaces, metal exterior elements, and mature trees. It is located at 2019 Martin Luther King Drive in San Antonio, Texas, with the front residence and rear unit arranged on the same parcel.
Key Highlights
- Two residences on one lot
- Front home has 3 bedrooms, 1 bath, and over 1,200 sq ft of living space
- Rear home includes 1 bedroom and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,569
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,380
$351.4K
Cap Rate 7%
$250,986
$251.0K
Cap Rate 9%
$195,211
$195.2K
Market Conditions
NOI Build-Up for 1,720 SF
Gross rent
$34.1K $19.80/SF
− Vacancy
−$2.1K −$1.23/SF
EGI
$31.9K $18.57/SF
− OpEx
−$14.4K −$8.36/SF
NOI
$17.6K $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 Rate 5%
$351,380
Cap Rate 7%
$250,986
Cap Rate 9%
$195,211
Alternative Uses
Best Use
Multifamily LT 5
$282.8K
$247.5K – $330.0K
NOI $19,797 @ 7.0% cap · market cap 1,522.85%
Second Best
Apartment 5plus
$251.0K
$219.6K – $292.8K
NOI $17,569 @ 7.0% cap · market cap 1,351.46%
Theoretical Best
Office A
$438.7K
$383.9K – $511.9K
NOI $30,712 @ 7.0% cap · market cap 2,362.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
477
Businesses Nearby
Explore this area
Business Placement
Demographics for 78203, TX
5,872
Population
2,380
Households
2.5
Avg Household Size
35
Median Age
14%
College-Educated
75%
High-School Grad
1.4 sq mi
ZIP Area
4,194
Density / Sq Mi
$34,815
Median Household Income
$28,146
Median Earnings
$989
Median Rent
$139,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences share one lot and a water meter, with driveway parking and mature trees.
Where is this duplex located?
The property is located at 2019 Martin Luther King Drive San Antonio, TX.
What are key features of this property?
This property features: Two residences on one lot; Front home has 3 bedrooms, 1 bath, and over 1,200 sq ft of living space; Rear home includes 1 bedroom and 1 bath
