Duplex with Rear Storage
For Sale
$155,000
216 Avondale Ave, San Antonio, TX 78223
Two separate residences are complemented by a storage building behind the main structure.
Property Size1,459 SF
Price / SF$106.24
Days on Market22
Property Features for 216 Avondale Ave
General Information
Standard status
Active
Size
1,459 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
in need of renovation
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Amenities
storage building
Building Details
Year Built
1924
Listing Agency:
Option One Real Estate
Listed By:
Adam Morgan · License #0752352
(210) 392-2851
Source:
Theswinneygroup
Added: Sep 29
Changed: Oct 10
Last Checked: Oct 7 at 2:00PM
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 Option One Real Estate
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Investment Insights
Based on property information with market context.
Built in 1924, this 1,459-square-foot duplex contains two separate units, each configured with one bedroom and one bathroom. Wood and laminate flooring are present in both residences, and a storage building sits at the rear of the lot. The property requires renovation.
Key Highlights
- Two units, each with 1 bedroom and 1 bathroom
- 1,459 square feet; built in 1924
- Rear‑lot storage building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,000
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,000
$260.0K
Cap Rate 7%
$185,714
$185.7K
Cap Rate 9%
$144,444
$144.4K
Market Conditions
NOI Build-Up for 1,459 SF
Gross rent
$26.3K $18.00/SF
− Vacancy
−$2.6K −$1.80/SF
EGI
$23.6K $16.20/SF
− OpEx
−$10.6K −$7.29/SF
NOI
$13.0K $8.91/SF
Area
ZIP 78223
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,000
Cap Rate 7%
$185,714
Cap Rate 9%
$144,444
Alternative Uses
Best Use
Multifamily LT 5
$213.9K
$187.2K – $249.6K
NOI $14,973 @ 7.0% cap · market cap 9.66%
Second Best
Apartment 5plus
$185.7K
$162.5K – $216.7K
NOI $13,000 @ 7.0% cap · market cap 8.39%
Theoretical Best
Office A
$350.9K
$307.0K – $409.3K
NOI $24,560 @ 7.0% cap · market cap 15.85%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
350
Businesses Nearby
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Business Placement
Demographics for 78223, TX
55,705
Population
22,278
Households
2.5
Avg Household Size
35
Median Age
12%
College-Educated
78%
High-School Grad
40.9 sq mi
ZIP Area
1,362
Density / Sq Mi
$50,352
Median Household Income
$33,762
Median Earnings
$1,054
Median Rent
$156,700
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 - Two separate residences are complemented by a storage building behind the main structure.
Where is this duplex located?
The property is located at 216 Avondale Ave San Antonio, TX.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: Two units, each with 1 bedroom and 1 bathroom; 1,459 square feet; built in 1924; Rear‑lot storage building
