Duplex with Detached
For Sale
Contact for pricing
222 LAURELWOOD DR, San Antonio, TX 78213
A separate dwelling provides its own entrance, kitchen, two bedrooms and full bath.
Property Size1,819 SF
Lot Size0.16 Acres
Price / SF$137.44
Days on Market9
Property Features for 222 LAURELWOOD DR
General Information
Standard status
Active
Size
1,819 SF
Lot size
0.16 Acres
Property subtype
Land
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Buildings
2
Listing Agency:
The Real Estate Ranch
Listed By:
Thomas Johnston · License #TX 542176
(512) 970-1610
Source:
Crexi
Added: Sep 17
Changed: Sep 24
Last Checked: Sep 24 at 3:02PM
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 The Real Estate Ranch
Investment Insights
Based on property information with market context.
The property includes two independent living spaces on an approximately 0.16-acre lot. The main residence offers 3 bedrooms, 2 full baths and approximately 1,003 square feet, with an open living and dining area, eat-in kitchen, walk-in closet and single-story layout. A detached casita adds approximately 816 square feet, including 2 bedrooms, 1 full bath, a kitchen and living and dining areas. Combined, the residences contain approximately 1,819 square feet. Outdoor features include a patio and sidewalks, and the property has no HOA restrictions.
Located in North Central San Antonio, the property offers access to Loop 410, downtown San Antonio, the airport, shopping and dining. The two dwellings provide distinct living quarters on one parcel.
Located in North Central San Antonio, the property offers access to Loop 410, downtown San Antonio, the airport, shopping and dining. The two dwellings provide distinct living quarters on one parcel.
Key Highlights
- Two separate residences: a 3‑bedroom, 2‑bath main home and detached 2‑bedroom, 1‑bath casita
- Approximately 1,819 square feet combined: 1,003 square feet in the main residence and 816 square feet in the casita
- Casita has a private entrance, kitchen, and separate living and dining areas
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
$20,937
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
8.37%
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%
$418,740
$418.7K
Cap Rate 7%
$299,100
$299.1K
Cap Rate 9%
$232,633
$232.6K
Market Conditions
NOI Build-Up for 1,819 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
$31.7K $17.40/SF
− Vacancy
−$1.7K −$0.96/SF
EGI
$29.9K $16.44/SF
− OpEx
−$9.0K −$4.93/SF
NOI
$20.9K $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%
$418,740
Cap Rate 7%
$299,100
Cap Rate 9%
$232,633
Alternative Uses
Best Use
Multifamily LT 5
$299.1K
$261.7K – $349.0K
NOI $20,937 @ 7.0% cap · market cap 8.37%
Second Best
Apartment 5plus
$265.4K
$232.3K – $309.7K
NOI $18,581 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$464.0K
$406.0K – $541.3K
NOI $32,480 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
776
Businesses Nearby
Explore this area
Business Placement
Demographics for 78213, TX
40,589
Population
18,184
Households
2.2
Avg Household Size
36
Median Age
23%
College-Educated
81%
High-School Grad
8.0 sq mi
ZIP Area
5,074
Density / Sq Mi
$53,342
Median Household Income
$34,799
Median Earnings
$1,161
Median Rent
$199,500
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
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Frequently Asked Questions
What type of property is this?
Duplex - A separate dwelling provides its own entrance, kitchen, two bedrooms and full bath.
Where is this duplex located?
The property is located at 222 LAURELWOOD DR San Antonio, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two separate residences: a 3‑bedroom, 2‑bath main home and detached 2‑bedroom, 1‑bath casita; Approximately 1,819 square feet combined: 1,003 square feet in the main residence and 816 square feet in the casita; Casita has a private entrance, kitchen, and separate living and dining areas
