Professionally Managed
For Sale
$189,000
2609 W Poplar, San Antonio, TX 78207
Two-unit property with separate utility meters and tenant-paid utilities.
Property Size1,344 SF
Price / SF$140.63
Days on Market62
Property Features for 2609 W Poplar
General Information
Standard status
Active
Size
1,344 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2003
Listing Agency:
iHome Realty
Listed By:
Eduardo Arroyos
(210) 625-2363
Source:
Shebaramos
Added: Aug 6
Changed: Sep 12
Last Checked: Oct 5 at 10:18PM
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 iHome Realty
Investment Insights
Based on property information with market context.
This duplex contains 1,344 square feet and was built in 2003. The property is configured as two residential units and is currently supported by professional management.
Each unit has its own utility meter, with tenants responsible for utility payments. The property is located at 2609 W Poplar in San Antonio, Texas, within ZIP code 78207.
Each unit has its own utility meter, with tenants responsible for utility payments. The property is located at 2609 W Poplar in San Antonio, Texas, within ZIP code 78207.
Key Highlights
- Two‑unit duplex totaling 1,344 square feet
- Built in 2003
- Professional property management in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,470
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,400
$309.4K
Cap Rate 7%
$221,000
$221.0K
Cap Rate 9%
$171,889
$171.9K
Market Conditions
NOI Build-Up for 1,344 SF
Gross rent
$23.4K $17.40/SF
− Vacancy
−$1.3K −$0.96/SF
EGI
$22.1K $16.44/SF
− OpEx
−$6.6K −$4.93/SF
NOI
$15.5K $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%
$309,400
Cap Rate 7%
$221,000
Cap Rate 9%
$171,889
Alternative Uses
Best Use
Multifamily LT 5
$221.0K
$193.4K – $257.8K
NOI $15,470 @ 7.0% cap · market cap 8.19%
Second Best
Apartment 5plus
$196.1K
$171.6K – $228.8K
NOI $13,729 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$342.8K
$300.0K – $400.0K
NOI $23,998 @ 7.0% cap · market cap 12.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
681
Businesses Nearby
Explore this area
Business Placement
Demographics for 78207, TX
51,705
Population
18,750
Households
2.8
Avg Household Size
34
Median Age
6%
College-Educated
62%
High-School Grad
7.3 sq mi
ZIP Area
7,083
Density / Sq Mi
$30,655
Median Household Income
$23,696
Median Earnings
$857
Median Rent
$93,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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-unit property with separate utility meters and tenant-paid utilities.
Where is this duplex located?
The property is located at 2609 W Poplar San Antonio, TX.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,344 square feet; Built in 2003; Professional property management in place
