2022-Built Duplex
For Sale
$350,000
2902 South Laredo Street, San Antonio, TX 78207
Two 2-bedroom, 2-bath units built in 2022, each with separate utility meters, offering residential income potential.
Property Size2,025 SF
Price / SF$172.84
Days on Market81
Property Features for 2902 South Laredo Street
General Information
Standard status
Active
Size
2,025 SF
Property subtype
Multi-Family / One Story
Zoning
MF-33
Net Operating Income
$26,316
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,084
Amenities
Other
Conventional, Cash, Other
Building Details
Year Built
2022
Listing Agency:
Uriah Real Estate Organization
(210) 315-8885
Listed By:
Uri Uriah · License #9002555
(210) 315-8885
Source:
Compass
Added: Jun 9
Changed: Aug 27
Last Checked: Aug 26 at 1:38PM
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.
2902 S Laredo St is a duplex built in 2022 featuring two residential units with matching 2-bedroom, 2-bathroom layouts. The property is described as having modern finishes and functional floor plans, supporting straightforward day-to-day living arrangements for each unit. Separate utility meters are in place, which can help streamline resident billing and operational management.
The duplex is located on San Antonio’s West Side. The remarks indicate it is minutes from Downtown and provides connectivity to major routes, including I-35, I-10, and US-90. The surrounding area is characterized as an established urban neighborhood with proximity to parks, retail, dining, and ongoing redevelopment activity.
For buyers seeking a newer, purpose-built duplex, this asset presents a clean, modern option with two self-contained residential units. The 2/2 unit mix can appeal to tenants looking for flexible space, and the presence of separate utility meters supports a more conventional, unit-by-unit utility structure. As a residential income property, it may fit investors who want a compact multifamily portfolio anchored by a recent build date and a practical duplex configuration.
The duplex is located on San Antonio’s West Side. The remarks indicate it is minutes from Downtown and provides connectivity to major routes, including I-35, I-10, and US-90. The surrounding area is characterized as an established urban neighborhood with proximity to parks, retail, dining, and ongoing redevelopment activity.
For buyers seeking a newer, purpose-built duplex, this asset presents a clean, modern option with two self-contained residential units. The 2/2 unit mix can appeal to tenants looking for flexible space, and the presence of separate utility meters supports a more conventional, unit-by-unit utility structure. As a residential income property, it may fit investors who want a compact multifamily portfolio anchored by a recent build date and a practical duplex configuration.
Key Highlights
- Duplex built in 2022 with two residential units
- Each unit features a 2‑bedroom, 2‑bath layout
- Each unit has separate utility meters
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
$23,308
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
6.66%
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%
$466,160
$466.2K
Cap Rate 7%
$332,971
$333.0K
Cap Rate 9%
$258,978
$259.0K
Market Conditions
NOI Build-Up for 2,025 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
$35.2K $17.40/SF
− Vacancy
−$1.9K −$0.96/SF
EGI
$33.3K $16.44/SF
− OpEx
−$10.0K −$4.93/SF
NOI
$23.3K $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%
$466,160
Cap Rate 7%
$332,971
Cap Rate 9%
$258,978
Alternative Uses
Best Use
Multifamily LT 5
$333.0K
$291.4K – $388.5K
NOI $23,308 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$295.5K
$258.6K – $344.8K
NOI $20,685 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$516.5K
$452.0K – $602.6K
NOI $36,158 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
738
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
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 2-bedroom, 2-bath units built in 2022, each with separate utility meters, offering residential income potential.
Where is this duplex located?
The property is located at 2902 South Laredo Street San Antonio, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Duplex built in 2022 with two residential units; Each unit features a 2‑bedroom, 2‑bath layout; Each unit has separate utility meters
