Turnkey Duplex Quadplex
For Sale
$329,000
214 East Huff Avenue, San Antonio, TX 78214
Turnkey multifamily with two duplexes on an MF-33 zoned lot, with three leased units and one vacant unit.
Property Size2,708 SF
Price / SF$121.49
Days on Market204
Property Features for 214 East Huff Avenue
General Information
Standard status
Active
Size
2,708 SF
Property subtype
Multi-Family / Two Story
Zoning
MF-33
Occupancy
75%
Net Operating Income
$21,778
Additional Details
Business Included
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$5,005
Amenities
Laminate
Composition
Conventional, Cash, Investors OK
Building Details
Year Built
1940
Listing Agency:
Real Broker, LLC
Listed By:
Melanie Simmons
(210) 736-9531
Source:
Compass
Added: Feb 13
Changed: Aug 8
Last Checked: Jul 29 at 12:44PM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This turnkey multifamily investment features two duplexes on a lot zoned MF-33. The property is currently leased in a three-unit configuration, with one additional unit vacant, providing an immediate opportunity for lease-up or rent optimization. Recent updates to the units are intended to improve tenant appeal and help minimize near-term capital expenditures.
A property management service is currently in place but is described as optional, giving a buyer the choice to self-manage. Current income and expense information is available upon request.
Overall, the asset offers an operating base with in-place occupancy alongside a vacancy that can be addressed to stabilize and potentially improve gross income.
A property management service is currently in place but is described as optional, giving a buyer the choice to self-manage. Current income and expense information is available upon request.
Overall, the asset offers an operating base with in-place occupancy alongside a vacancy that can be addressed to stabilize and potentially improve gross income.
Key Highlights
- Two duplexes on an MF‑33 zoned lot (4 units total), with 3 currently leased and 1 vacant
- Current rents: $795, $750, and $835 per month; approximately $28,560 annual gross income based on current rents
- Vacant unit provides immediate value‑add opportunity for lease‑up or rent optimization
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
$27,662
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
8.41%
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%
$553,240
$553.2K
Cap Rate 7%
$395,171
$395.2K
Cap Rate 9%
$307,356
$307.4K
Market Conditions
NOI Build-Up for 2,708 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
$53.6K $19.80/SF
− Vacancy
−$3.3K −$1.23/SF
EGI
$50.3K $18.57/SF
− OpEx
−$22.6K −$8.36/SF
NOI
$27.7K $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%
$553,240
Cap Rate 7%
$395,171
Cap Rate 9%
$307,356
Alternative Uses
Best Use
Multifamily LT 5
$445.3K
$389.6K – $519.5K
NOI $31,169 @ 7.0% cap · market cap 9.47%
Second Best
Apartment 5plus
$395.2K
$345.8K – $461.0K
NOI $27,662 @ 7.0% cap · market cap 8.41%
Theoretical Best
Office A
$690.8K
$604.4K – $805.9K
NOI $48,354 @ 7.0% cap · market cap 14.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
75%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
948
Businesses Nearby
Explore this area
Business Placement
Demographics for 78214, TX
22,664
Population
8,447
Households
2.7
Avg Household Size
37
Median Age
9%
College-Educated
69%
High-School Grad
8.3 sq mi
ZIP Area
2,731
Density / Sq Mi
$41,334
Median Household Income
$31,397
Median Earnings
$934
Median Rent
$121,600
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?
Quadplex - Turnkey multifamily with two duplexes on an MF-33 zoned lot, with three leased units and one vacant unit.
Where is this quadplex located?
The property is located at 214 East Huff Avenue San Antonio, TX.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Two duplexes on an MF‑33 zoned lot (4 units total), with 3 currently leased and 1 vacant; Current rents: $795, $750, and $835 per month; approximately $28,560 annual gross income based on current rents; Vacant unit provides immediate value‑add opportunity for lease‑up or rent optimization
