Duplex with Separate
New
For Sale
$198,000
303 Ward, San Antonio, TX 78223
Multi-Family (2-8 Units), San Antonio, TX
Property Size1,176 SF
Lot Size0.16 Acres
Price / SF$168.37
Days on Market6
Property Features for 303 Ward
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C-2
Elementary school
Japhet
High school
Brackenridge
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
APN
063950030121
Size
1,176 SF
Lot size
0.16 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
4615
Building Details
Year built
1928
Buildings
2
Listing Agency:
Great Metro Realty
Listed By:
Kenneth Martinez
(210) 846-7400
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 28 at 1:06PM
MLS# 2025698
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 C-2-zoned duplex property includes two structures on a 0.155-acre lot. The 696-square-foot front house has updated plumbing, foundation, flooring, walls, and HVAC; it is vacant. A remodeled 480-square-foot rear apartment is occupied, with driveway access from Hackberry. The property was built in 1928.
Access is available from Hackberry and Ward Avenue, with IH 37 and Brooks City Base identified nearby.
Access is available from Hackberry and Ward Avenue, with IH 37 and Brooks City Base identified nearby.
Key Highlights
- Two structures on a 0.155‑acre lot
- 696‑square‑foot front house; vacant and remodeled, including plumbing, foundation, flooring, walls, and HVAC
- Occupied, remodeled 480‑square‑foot rear apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,069
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,380
$241.4K
Cap Rate 7%
$172,414
$172.4K
Cap Rate 9%
$134,100
$134.1K
Market Conditions
NOI Build-Up for 1,176 SF
Gross rent
$19.1K $16.20/SF
− Vacancy
−$1.8K −$1.54/SF
EGI
$17.2K $14.66/SF
− OpEx
−$5.2K −$4.40/SF
NOI
$12.1K $10.26/SF
Area
ZIP 78223
Vacancy
9.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,380
Cap Rate 7%
$172,414
Cap Rate 9%
$134,100
Alternative Uses
Best Use
Multifamily LT 5
$172.4K
$150.9K – $201.2K
NOI $12,069 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$149.7K
$131.0K – $174.6K
NOI $10,478 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$282.8K
$247.5K – $329.9K
NOI $19,796 @ 7.0% cap · market cap 10.00%
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
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
433
Businesses Nearby
Explore this area
Business Placement
Demographics for 78223, TX
55,705
Population
22,278
Households
2.5
Avg Household Size
35
Median Age
12%
College-Educated
78%
High-School Grad
40.9 sq mi
ZIP Area
1,362
Density / Sq Mi
$50,352
Median Household Income
$33,762
Median Earnings
$1,054
Median Rent
$156,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - C-2 zoning and access from two streets support residential or business use.
Where is this duplex located?
The property is located at 303 Ward San Antonio, TX.
What is the asking price?
The asking price for this property is $198,000.
What are key features of this property?
This property features: Two structures on a 0.155‑acre lot; 696‑square‑foot front house; vacant and remodeled, including plumbing, foundation, flooring, walls, and HVAC; Occupied, remodeled 480‑square‑foot rear apartment
