Renovated Duplex with Oversized
For Sale
$385,000
2603 Hicks Ave, San Antonio, TX 78210
Two spacious residences offer updated interiors, private HVAC, separate electric meters, laundry connections, and fenced outdoor space.
Property Size2,852 SF
Lot Size0.35 Acres
Price / SF$134.99
Days on Market68
Property Features for 2603 Hicks Ave
General Information
Standard status
Active
Size
2,852 SF
Net Rentable
2,852 SF
Lot size
0.35 Acres
Property subtype
Multi-Family
Site & Location
Neighborhood
Pasadena Heights
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
off-street parking
fully fenced yard
washer and dryer connections
ceiling fans
Building Details
Year Built
1950
Year Renovated
2021
Listing Agency:
Uriah Real Estate Organization
Listed By:
Michael Rayos
(210) 378-6955
Source:
Texashomeguide
Added: Aug 17
Changed: Oct 2
Last Checked: Oct 20 at 11:47PM
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
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Investment Insights
Based on property information with market context.
This duplex contains two three-bedroom, two-bath residences totaling 2,852 rentable square feet, with approximately 1,426 square feet allocated to each unit. The property was reconfigured from a fourplex and received a comprehensive interior renovation in 2021. Improvements include electrical and plumbing systems, HVAC, insulation, drywall, flooring, cabinetry, fixtures, and updated finishes. Both homes feature galley kitchens with tile backsplashes, ceramic tile flooring, large bedrooms with ceiling fans, washer and dryer connections, and individual central HVAC. Electric service is separately metered for each residence.
Set on approximately 0.35 acres at 2603 Hicks Ave, the property includes off-street parking and a fully fenced yard. Its San Antonio location provides access to Downtown San Antonio, Brooks City Base, Fort Sam Houston, St. Philip's College, and the Frost Bank Center. The property was built in 1950 and offers a renovated two-unit configuration in an established infill setting.
Set on approximately 0.35 acres at 2603 Hicks Ave, the property includes off-street parking and a fully fenced yard. Its San Antonio location provides access to Downtown San Antonio, Brooks City Base, Fort Sam Houston, St. Philip's College, and the Frost Bank Center. The property was built in 1950 and offers a renovated two-unit configuration in an established infill setting.
Key Highlights
- Two 3‑bedroom, 2‑bathroom residences with approximately 1,426 square feet per unit
- 2,852 total rentable square feet on approximately 0.35 acres
- Comprehensive interior renovation completed in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,827
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$656,540
$656.5K
Cap Rate 7%
$468,957
$469.0K
Cap Rate 9%
$364,744
$364.7K
Market Conditions
NOI Build-Up for 2,852 SF
Gross rent
$49.6K $17.40/SF
− Vacancy
−$2.7K −$0.96/SF
EGI
$46.9K $16.44/SF
− OpEx
−$14.1K −$4.93/SF
NOI
$32.8K $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 Rate 5%
$656,540
Cap Rate 7%
$468,957
Cap Rate 9%
$364,744
Alternative Uses
Best Use
Multifamily LT 5
$469.0K
$410.3K – $547.1K
NOI $32,827 @ 7.0% cap · market cap 8.53%
Second Best
Apartment 5plus
$416.2K
$364.2K – $485.6K
NOI $29,133 @ 7.0% cap · market cap 7.57%
Theoretical Best
Office A
$727.5K
$636.6K – $848.8K
NOI $50,925 @ 7.0% cap · market cap 13.23%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
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Business Placement
Demographics for 78210, TX
33,010
Population
14,410
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
76%
High-School Grad
7.3 sq mi
ZIP Area
4,522
Density / Sq Mi
$51,990
Median Household Income
$33,271
Median Earnings
$1,119
Median Rent
$172,700
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 spacious residences offer updated interiors, private HVAC, separate electric meters, laundry connections, and fenced outdoor space.
Where is this duplex located?
The property is located at 2603 Hicks Ave San Antonio, TX.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two 3‑bedroom, 2‑bathroom residences with approximately 1,426 square feet per unit; 2,852 total rentable square feet on approximately 0.35 acres; Comprehensive interior renovation completed in 2021
