Duplex with Separate Electric
New
For Sale
$215,000
2631 Cincinnati Ave, San Antonio, TX 78228
Multi-Family (2-8 Units), San Antonio, TX
Property Size1,494 SF
Lot Size0.23 Acres
Price / SF$143.91
Days on Market6
Property Features for 2631 Cincinnati Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTIFAMILY RESIDENCE
Elementary school
Madison
Middle school
Longfellow
High school
Jefferson
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
0800
Standard status
Active
APN
096000400110
Size
1,494 SF
Lot size
0.23 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Annual Amount
4426
Building Details
Year built
1948
Buildings
1
Listing Agency:
RE/MAX Alamo Realty · RE/MAX International
Listed By:
Esteban Trevino
(210) 682-9898
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 28 at 12:06AM
MLS# 2025791
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.
This 1,494-square-foot duplex, built in 1948, contains two units: one with two bedrooms and one bathroom, and another with one bedroom and one bathroom. Original wood flooring runs through both residences. Each includes a refrigerator and stove; window air-conditioning units and electric wall heaters provide cooling and heat. Electric service is separately metered, while water is shared through one meter. The property is zoned multifamily residence and occupies a 0.227-acre lot.
The duplex is directly across from St. Mary's University. Downtown San Antonio, IH 10, Loop 410, and SAISD schools are described as minutes away.
The duplex is directly across from St. Mary's University. Downtown San Antonio, IH 10, Loop 410, and SAISD schools are described as minutes away.
Key Highlights
- Two‑unit duplex totaling 1,494 square feet
- 0.227‑acre lot; multifamily residence zoning
- One unit has 2 bedrooms and 1 bathroom; the other has 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,196
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,920
$343.9K
Cap Rate 7%
$245,657
$245.7K
Cap Rate 9%
$191,067
$191.1K
Market Conditions
NOI Build-Up for 1,494 SF
Gross rent
$26.0K $17.40/SF
− Vacancy
−$1.4K −$0.96/SF
EGI
$24.6K $16.44/SF
− OpEx
−$7.4K −$4.93/SF
NOI
$17.2K $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%
$343,920
Cap Rate 7%
$245,657
Cap Rate 9%
$191,067
Alternative Uses
Best Use
Multifamily LT 5
$245.7K
$215.0K – $286.6K
NOI $17,196 @ 7.0% cap · market cap 8.00%
Second Best
Apartment 5plus
$218.0K
$190.8K – $254.4K
NOI $15,261 @ 7.0% cap · market cap 7.10%
Theoretical Best
Office A
$381.1K
$333.5K – $444.6K
NOI $26,677 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
717
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer distinct bedroom layouts, original wood floors, and individual electric service.
Where is this duplex located?
The property is located at 2631 Cincinnati Ave San Antonio, TX.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,494 square feet; 0.227‑acre lot; multifamily residence zoning; One unit has 2 bedrooms and 1 bathroom; the other has 1 bedroom and 1 bathroom
