Side-by-Side Duplex
For Sale
$550,000
2424 West Woodlawn Avenue, San Antonio, TX 78228
Two adjacent duplex buildings provide four rental units near Woodlawn Lake Park and downtown San Antonio.
Property Size1,547 SF
Price / SF$355.53
Days on Market395
Property Features for 2424 West Woodlawn Avenue
General Information
Standard status
Active
Size
1,547 SF
Property subtype
Multi-Family / One Story
Zoning
R-4 NCD-8
Net Operating Income
$32,100
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$7,759
Amenities
Other
Composition, Other
Slab, Other
Conventional, 1st Seller Carry, Cash, Other
Patio Slab, Covered Patio, Mature Trees, Level
Building Details
Year Built
1946
Buildings
2
Listing Agency:
Uriah Real Estate Organization
Listed By:
Uri Uriah · License #9002555
(210) 315-8885
Source:
Compass
Added: Aug 8, 2025
Changed: Aug 31
Last Checked: Aug 30 at 9:39AM
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 Uriah Real Estate Organization
Investment Insights
Based on property information with market context.
This residential income property comprises two duplex buildings at 2424 and 2418 West Woodlawn Avenue, creating a combined four-unit rental asset. The improvements date to 1946 and include covered patio areas, mature trees, and level site conditions. Composition and other exterior materials are noted, along with slab foundations and conventional construction. The property is zoned R-4 NCD-8.
The duplexes are within walking distance of Woodlawn Lake Park, a 200-acre recreational area with walking trails, playgrounds, and a historic swimming pool. Their location is northwest of downtown San Antonio and within the Woodlawn neighborhood, which includes the historic Woodlawn Place Addition and early 20th-century architectural character.
The duplexes are within walking distance of Woodlawn Lake Park, a 200-acre recreational area with walking trails, playgrounds, and a historic swimming pool. Their location is northwest of downtown San Antonio and within the Woodlawn neighborhood, which includes the historic Woodlawn Place Addition and early 20th-century architectural character.
Key Highlights
- Four rental units across two side‑by‑side duplex buildings
- Located at 2424 and 2418 West Woodlawn Avenue
- Zoned R‑4 NCD‑8
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
$17,806
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
3.24%
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%
$356,120
$356.1K
Cap Rate 7%
$254,371
$254.4K
Cap Rate 9%
$197,844
$197.8K
Market Conditions
NOI Build-Up for 1,547 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
$26.9K $17.40/SF
− Vacancy
−$1.5K −$0.96/SF
EGI
$25.4K $16.44/SF
− OpEx
−$7.6K −$4.93/SF
NOI
$17.8K $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%
$356,120
Cap Rate 7%
$254,371
Cap Rate 9%
$197,844
Alternative Uses
Best Use
Multifamily LT 5
$254.4K
$222.6K – $296.8K
NOI $17,806 @ 7.0% cap · market cap 3.24%
Second Best
Apartment 5plus
$225.7K
$197.5K – $263.4K
NOI $15,802 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$394.6K
$345.3K – $460.4K
NOI $27,623 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
Explore this area
Business Placement
Demographics for 78228, TX
56,369
Population
21,397
Households
2.6
Avg Household Size
37
Median Age
14%
College-Educated
74%
High-School Grad
10.9 sq mi
ZIP Area
5,171
Density / Sq Mi
$50,865
Median Household Income
$30,811
Median Earnings
$1,004
Median Rent
$164,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two adjacent duplex buildings provide four rental units near Woodlawn Lake Park and downtown San Antonio.
Where is this duplex located?
The property is located at 2424 West Woodlawn Avenue San Antonio, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Four rental units across two side‑by‑side duplex buildings; Located at 2424 and 2418 West Woodlawn Avenue; Zoned R‑4 NCD‑8
