Two-Home Duplex
For Sale
$249,500
2247 N Interstate 35, San Antonio, TX 78208
Two separate residences share one property, with brick, metal roofing, tile flooring, and a loft-style second home.
Property Size1,186 SF
Price / SF$210.37
Days on Market52
Property Features for 2247 N Interstate 35
General Information
Standard status
Active
Size
1,186 SF
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
need some remaining finish work
Site & Location
Neighborhood
Government Hill Alliance
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,541
Building Details
Buildings
2
Listing Agency:
Alan Rosenstein
(210) 379-6867
Listed By:
Jim Condit
(210) 663-2825
Source:
Exprealty
Added: Sep 14
Changed: Nov 1
Last Checked: Nov 3 at 8:34AM
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 Alan Rosenstein
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Investment Insights
Based on property information with market context.
This duplex property includes two separate residences with distinct layouts. The primary home has a brick exterior, metal roofing, exposed brick accents inside, ceramic tile floors, and a kitchen fitted with a substantial island and new shaker-style cabinetry. The second residence provides an open-plan loft configuration that expands the property’s residential layout.
Both homes require additional finish work. The property is positioned near Downtown San Antonio, with dining, shopping, entertainment, and major thoroughfares in the surrounding area. Its two-home configuration supports flexible residential use, subject to the buyer’s plans and applicable requirements.
Both homes require additional finish work. The property is positioned near Downtown San Antonio, with dining, shopping, entertainment, and major thoroughfares in the surrounding area. Its two-home configuration supports flexible residential use, subject to the buyer’s plans and applicable requirements.
Key Highlights
- Two separate homes located on one property
- Main residence features brick exterior and metal roof
- Kitchen includes a large island and new shaker‑style cabinets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,651
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,020
$273.0K
Cap Rate 7%
$195,014
$195.0K
Cap Rate 9%
$151,678
$151.7K
Market Conditions
NOI Build-Up for 1,186 SF
Gross rent
$20.6K $17.40/SF
− Vacancy
−$1.1K −$0.96/SF
EGI
$19.5K $16.44/SF
− OpEx
−$5.9K −$4.93/SF
NOI
$13.7K $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%
$273,020
Cap Rate 7%
$195,014
Cap Rate 9%
$151,678
Alternative Uses
Best Use
Multifamily LT 5
$195.0K
$170.6K – $227.5K
NOI $13,651 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$173.1K
$151.4K – $201.9K
NOI $12,115 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$302.5K
$264.7K – $353.0K
NOI $21,177 @ 7.0% cap · market cap 8.49%
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
536
Businesses Nearby
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Business Placement
Demographics for 78208, TX
3,874
Population
2,292
Households
1.7
Avg Household Size
35
Median Age
13%
College-Educated
76%
High-School Grad
1.0 sq mi
ZIP Area
3,874
Density / Sq Mi
$23,194
Median Household Income
$26,136
Median Earnings
$894
Median Rent
$125,000
Median Home Value
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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 share one property, with brick, metal roofing, tile flooring, and a loft-style second home.
Where is this duplex located?
The property is located at 2247 N Interstate 35 San Antonio, TX.
What is the asking price?
The asking price for this property is $249,500.
What are key features of this property?
This property features: Two separate homes located on one property; Main residence features brick exterior and metal roof; Kitchen includes a large island and new shaker‑style cabinets
