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Two-Story Duplex with Granite Kitchens

2314 TULIPWOOD COVE, San Antonio, TX 78245

For Sale
$480,000

Multi-Family (2-8 Units), San Antonio, TX

Property Size2,712 SF
Lot Size0.12 Acres
Price / SF$176.99
Days on Market142

Property Features for 2314 TULIPWOOD COVE

General Information

Property type Residential Multi Family
Property subtype Other
Elementary school Big Country
Middle school Scobee Jr High
High school John Jay
Elementary school district Southwest I.S.D.
Middle school district Southwest I.S.D.
High school district Southwest I.S.D.
Subdivision 0200
Standard status Active
Size 2,712 SF
Lot size 0.12 Acres

Taxes and HOA fees

Tax Annual Amount 8157
HOA Fee $900 Annually

Utilities

Cooling system Central Air

Amenities

playground
pavilion
basketball court
front yard maintenance

Building Details

Year built 2021
Listing Agency: eXp Realty
Listed By: J.j. Gorena
Added: Jun 23 Changed: Aug 19 Last Checked: Nov 11 at 3:06AM
MLS# 1837957

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.

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Investment Insights

Based on property information with market context.

Built in 2021, this duplex presents a two-story configuration with bedrooms and laundry areas positioned upstairs in each residence. Main-level living areas connect to open kitchens equipped with peninsula counters, granite surfaces, and modern appliances. Cabinet finishes vary between the two sides, with one featuring white cabinetry and the other warm brown tones. Central air serves the property.

The home is located within gated Lynwood Village in San Antonio, with SeaWorld, Lackland Air Force Base, and major highways identified as nearby destinations. Community amenities include a playground, pavilion, and basketball court. Front-yard maintenance is covered through the HOA.

Key Highlights

  • Duplex completed in 2021 with 2,712 square feet
  • Two‑story layout with bedrooms and laundry rooms upstairs
  • Open kitchens include peninsula counters, granite countertops, and modern appliances

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$28,417
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$568,340 $568.3K
Cap Rate 7%
$405,957 $406.0K
Cap Rate 9%
$315,744 $315.7K
Market Conditions
NOI Build-Up for 2,712 SF
Gross rent
$43.0K $15.84/SF
− Vacancy
−$2.4K −$0.87/SF
EGI
$40.6K $14.97/SF
− OpEx
−$12.2K −$4.49/SF
NOI
$28.4K $10.48/SF
Area
ZIP 78245
Vacancy
5.50%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$568,340
Cap Rate 7%
$405,957
Cap Rate 9%
$315,744

Alternative Uses

Best Use
Multifamily LT 5
$406.0K
$355.2K – $473.6K (±1% cap)
NOI $28,417 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$376.5K
$329.5K – $439.3K (±1% cap)
NOI $26,357 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$691.8K
$605.3K – $807.1K (±1% cap)
NOI $48,425 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

141
Businesses Nearby

Demographics for 78245, TX

93,031
Population
32,219
Households
2.9
Avg Household Size
31
Median Age
26%
College-Educated
91%
High-School Grad
35.2 sq mi
ZIP Area
2,643
Density / Sq Mi
$87,890
Median Household Income
$43,165
Median Earnings
$1,563
Median Rent
$241,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Duplexes in San Antonio, TX

$194 Jul
$174 Aug
$181 Sep
$171 Oct

Properties on Market for Duplexes in San Antonio

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - 2021 income property in a gated community with central air and resident amenities.
Where is this duplex located?
The property is located at 2314 TULIPWOOD COVE San Antonio, TX.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Duplex completed in 2021 with 2,712 square feet; Two‑story layout with bedrooms and laundry rooms upstairs; Open kitchens include peninsula counters, granite countertops, and modern appliances
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