Two-Home Duplex
New
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 Market6
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
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: Sep 17
Last Checked: Sep 18 at 11:56AM
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
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 = 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
$13,651
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
5.47%
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%
$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
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
$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 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%
$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.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
Explore this area
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
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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
