Single-Story
For Sale
$200,000
305 Gillette Blvd, San Antonio, TX 78221
Two-unit rental property with a two-bedroom residence and a separate one-bedroom unit on a corner lot.
Property Size1,548 SF
Price / SF$129.20
Days on Market85
Property Features for 305 Gillette Blvd
General Information
Standard status
Active
Size
1,548 SF
Property subtype
Multi-Family
Building Details
Year Built
1949
Listing Agency:
Exquisite Properties, LLC
Listed By:
Lauren Harper
(210) 494-1695
Source:
Mlsluxurygroup
Added: Jul 29
Changed: Oct 9
Last Checked: Oct 7 at 1:49PM
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 Exquisite Properties, LLC
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Investment Insights
Based on property information with market context.
This single-story duplex contains 1,548 square feet and was built in 1949. The property is arranged as two separate residences, including one two-bedroom unit and one one-bedroom unit. Both units are leased, and the building is fully tenant occupied.
Positioned on a corner lot at 305 Gillette Blvd in San Antonio, the property offers access to nearby roadways, shopping, and everyday amenities. Its existing two-unit configuration provides a straightforward multifamily layout for an owner or investor seeking an occupied residential income property.
Positioned on a corner lot at 305 Gillette Blvd in San Antonio, the property offers access to nearby roadways, shopping, and everyday amenities. Its existing two-unit configuration provides a straightforward multifamily layout for an owner or investor seeking an occupied residential income property.
Key Highlights
- 1,548‑square‑foot single‑story duplex
- Two separate units: one two‑bedroom and one one‑bedroom residence
- Both units are currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,818
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,360
$356.4K
Cap Rate 7%
$254,543
$254.5K
Cap Rate 9%
$197,978
$198.0K
Market Conditions
NOI Build-Up for 1,548 SF
Gross rent
$26.9K $17.40/SF
− Vacancy
−$1.5K −$0.96/SF
EGI
$25.5K $16.44/SF
− OpEx
−$7.6K −$4.93/SF
NOI
$17.8K $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%
$356,360
Cap Rate 7%
$254,543
Cap Rate 9%
$197,978
Alternative Uses
Best Use
Multifamily LT 5
$254.5K
$222.7K – $297.0K
NOI $17,818 @ 7.0% cap · market cap 8.91%
Second Best
Apartment 5plus
$225.9K
$197.7K – $263.6K
NOI $15,813 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$394.9K
$345.5K – $460.7K
NOI $27,641 @ 7.0% cap · market cap 13.82%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
204
Businesses Nearby
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Business Placement
Demographics for 78221, TX
39,779
Population
14,939
Households
2.7
Avg Household Size
35
Median Age
12%
College-Educated
74%
High-School Grad
36.3 sq mi
ZIP Area
1,096
Density / Sq Mi
$63,114
Median Household Income
$33,439
Median Earnings
$1,147
Median Rent
$157,500
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 - Two-unit rental property with a two-bedroom residence and a separate one-bedroom unit on a corner lot.
Where is this duplex located?
The property is located at 305 Gillette Blvd San Antonio, TX.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 1,548‑square‑foot single‑story duplex; Two separate units: one two‑bedroom and one one‑bedroom residence; Both units are currently leased
