Two-Building Duplex with Storage
New
For Sale
$350,000
205 Wingate Ave, San Antonio, TX 78204
The property includes outdoor parking and a separate storage shed.
Property Size2,100 SF
Price / SF$166.67
Days on Market7
Property Features for 205 Wingate Ave
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Collins Garden
Taxes and HOA fees
Annual Taxes
$6,800
Listing Agency:
United Realty Group of Texas, LLC
(210) 710-8434
Listed By:
Uliana Gerasimenko
(512) 738-3330
Source:
Exprealty
Added: Oct 26
Changed: Nov 1
Last Checked: Nov 1 at 4:20PM
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 United Realty Group of Texas, LLC
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Investment Insights
Based on property information with market context.
This duplex property comprises two buildings on a nearly quarter-acre lot. The first building measures 1,152 square feet and was remodeled in 2021; the second contains 948 square feet. Improvements include interior paint, flooring, appliances, fencing, plumbing and sewer work, foundation work, cabinetry, sinks, fixtures, ceiling fans, and a recoated metal roof. A storage shed is also on site.
The property is a short drive from Downtown San Antonio and I-35. Outdoor space accommodates parking for four vehicles, with additional room for recreation or RV and boat parking.
The property is a short drive from Downtown San Antonio and I-35. Outdoor space accommodates parking for four vehicles, with additional room for recreation or RV and boat parking.
Key Highlights
- Two buildings totaling 2,100 square feet
- Building 1: 1,152 square feet; remodeled in 2021
- Building 2: 948 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,171
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,420
$483.4K
Cap Rate 7%
$345,300
$345.3K
Cap Rate 9%
$268,567
$268.6K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$36.5K $17.40/SF
− Vacancy
−$2.0K −$0.96/SF
EGI
$34.5K $16.44/SF
− OpEx
−$10.4K −$4.93/SF
NOI
$24.2K $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 Rate 5%
$483,420
Cap Rate 7%
$345,300
Cap Rate 9%
$268,567
Alternative Uses
Best Use
Multifamily LT 5
$345.3K
$302.1K – $402.9K
NOI $24,171 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$306.4K
$268.1K – $357.5K
NOI $21,451 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$535.7K
$468.7K – $625.0K
NOI $37,497 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
577
Businesses Nearby
Explore this area
Business Placement
Demographics for 78204, TX
11,298
Population
6,210
Households
1.8
Avg Household Size
39
Median Age
27%
College-Educated
78%
High-School Grad
2.7 sq mi
ZIP Area
4,184
Density / Sq Mi
$54,667
Median Household Income
$35,107
Median Earnings
$1,516
Median Rent
$142,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The property includes outdoor parking and a separate storage shed.
Where is this duplex located?
The property is located at 205 Wingate Ave San Antonio, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two buildings totaling 2,100 square feet; Building 1: 1,152 square feet; remodeled in 2021; Building 2: 948 square feet
