Renovated Duplex with Fenced
New
For Sale
$385,000
2603 HICKS AVE, San Antonio, TX 78210
MULTI_FAMILY - San Antonio, TX
Property Size2,852 SF
Lot Size0.35 Acres
Price / SF$134.99
Days on Market1
Property Features for 2603 HICKS AVE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MF-33
Elementary school
Stewart
High school
Highlands
Elementary school district
San Antonio I.S.D.
Middle school district
San Antonio I.S.D.
High school district
San Antonio I.S.D.
Subdivision
1900
Standard status
Active
Size
2,852 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Annual Amount
6589
Utilities
Cooling system
Central Air
Amenities
washer and dryer connections
individual central HVAC systems
separately metered electric service
fully fenced yard
Building Details
Year built
1950
Listing Agency:
Uriah Real Estate Organization
(830) 600-5263
Listed By:
Michael Rayos
(210) 315-8885
Added: Jul 31
Last Checked: Jul 31 at 9:06PM
MLS# 2004635
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.
Investment Insights
Based on property information with market context.
2603 Hicks Ave is a renovated duplex on a 0.3476-acre lot, originally configured as a fourplex and reconfigured into two oversized residences. The property provides two 3-bedroom, 2-bath units totaling 2,852 square feet of rentable space. Built in 1950, the duplex features a 2021 comprehensive interior renovation that included new electrical, plumbing, HVAC systems, insulation, drywall, flooring, cabinetry, and fixtures.
Each residence includes a functional galley kitchen with a tile backsplash, ceramic tile flooring, oversized bedrooms with ceiling fans, washer and dryer connections, and individual central HVAC systems. Electric service is separately metered. Off-street parking and a spacious, fully fenced yard support day-to-day convenience and privacy.
The property is zoned MF-33 and is located minutes from Downtown San Antonio, Brooks City Base, Fort Sam Houston, St. Philip's College, and the Frost Bank Center, placing it near major employment, education, and healthcare anchors.
Each residence includes a functional galley kitchen with a tile backsplash, ceramic tile flooring, oversized bedrooms with ceiling fans, washer and dryer connections, and individual central HVAC systems. Electric service is separately metered. Off-street parking and a spacious, fully fenced yard support day-to-day convenience and privacy.
The property is zoned MF-33 and is located minutes from Downtown San Antonio, Brooks City Base, Fort Sam Houston, St. Philip's College, and the Frost Bank Center, placing it near major employment, education, and healthcare anchors.
Key Highlights
- 0.3476‑acre duplex site zoned MF‑33
- Two 3‑bedroom, 2‑bath units totaling 2,852 SF
- 2021 comprehensive interior renovation including new electrical, plumbing, and HVAC
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.6k | $17.40 |
| − Vacancy | −$2.7k | −$0.96 |
| EGI | $46.9k | $16.44 |
| − OpEx | −$14.1k | −$4.93 |
| NOI | $32.8k | $11.51 |
2,852 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
Explore this area
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
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 - Duplex reconfigured into two oversized 3 bed, 2 bath residences with 2021 interior renovations, central HVAC, and a fully fenced yard.
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: 0.3476‑acre duplex site zoned MF‑33; Two 3‑bedroom, 2‑bath units totaling 2,852 SF; 2021 comprehensive interior renovation including new electrical, plumbing, and HVAC
