Three-Level Duplex with
For Sale
$745,000
21419/21503 Sir Walter, San Antonio, TX 78256
MULTI_FAMILY - San Antonio, TX
Property Size3,552 SF
Lot Size0.08 Acres
Price / SF$209.74
Days on Market51
Property Features for 21419/21503 Sir Walter
General Information
Property type
Residential Multi Family
Property subtype
Other
Elementary school
Call District
Middle school
Gus Garcia
High school
Louis D Brandeis
Elementary school district
Northside
Middle school district
Northside
High school district
Northside
Subdivision
1002
Standard status
Active
Size
3,552 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
16963
HOA Fee
$600 Annually
Utilities
Cooling system
Central Air
Building Details
Year built
2022
Listing Agency:
Mission Haus Realty
(210) 837-2091
Listed By:
Danielle Kruciak · License #0654753
(210) 837-2091
Added: Jun 23
Changed: Aug 5
Last Checked: Aug 12 at 2:06PM
MLS# 1994112
Copyright © 2026 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2022, this duplex contains two residences totaling 3,552 square feet. Each residence is arranged across three levels with 3 bedrooms and 3.5 baths, while the property also includes a 2-car garage. Central air serves the homes, and both units are currently leased.
The property is located at 21419/21503 Sir Walter in San Antonio’s The Dominion, a gated community in Bexar County. With two separately configured residences and an existing lease status, the asset provides a straightforward multifamily layout for continued rental use or an owner seeking two residential living spaces.
The property is located at 21419/21503 Sir Walter in San Antonio’s The Dominion, a gated community in Bexar County. With two separately configured residences and an existing lease status, the asset provides a straightforward multifamily layout for continued rental use or an owner seeking two residential living spaces.
Key Highlights
- Two‑residence duplex totaling 3,552 square feet
- Each residence includes 3 bedrooms and 3.5 baths
- Three‑level layouts in both residences
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
$40,884
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
5.49%
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%
$817,680
$817.7K
Cap Rate 7%
$584,057
$584.1K
Cap Rate 9%
$454,267
$454.3K
Market Conditions
NOI Build-Up for 3,552 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
$61.8K $17.40/SF
− Vacancy
−$3.4K −$0.96/SF
EGI
$58.4K $16.44/SF
− OpEx
−$17.5K −$4.93/SF
NOI
$40.9K $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%
$817,680
Cap Rate 7%
$584,057
Cap Rate 9%
$454,267
Alternative Uses
Best Use
Multifamily LT 5
$584.1K
$511.1K – $681.4K
NOI $40,884 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$518.3K
$453.5K – $604.7K
NOI $36,283 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$906.1K
$792.8K – $1.06M
NOI $63,424 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Explore this area
Business Placement
Demographics for 78256, TX
13,643
Population
6,592
Households
2.1
Avg Household Size
30
Median Age
59%
College-Educated
94%
High-School Grad
8.0 sq mi
ZIP Area
1,705
Density / Sq Mi
$72,797
Median Household Income
$52,110
Median Earnings
$1,545
Median Rent
$494,400
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 - Two leased residences feature three-level layouts, central air, and flexible living arrangements.
Where is this duplex located?
The property is located at 21419/21503 Sir Walter San Antonio, TX.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: Two‑residence duplex totaling 3,552 square feet; Each residence includes 3 bedrooms and 3.5 baths; Three‑level layouts in both residences
