Terrell Heights Duplex Investment
For Sale
$400,000
305 Rittiman, San Antonio, TX 78209
MULTI_FAMILY - San Antonio, TX
Property Size2,904 SF
Lot Size0.25 Acres
Price / SF$137.74
Days on Market97
Property Features for 305 Rittiman
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RESIDENTIAL
Elementary school
Woodridge
Middle school
Alamo Heights
High school
Alamo Heights
Elementary school district
Alamo Heights I.S.D.
Middle school district
Alamo Heights I.S.D.
High school district
Alamo Heights I.S.D.
Subdivision
1300
Standard status
Active
Size
2,904 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Annual Amount
9357
Utilities
Cooling system
Central Air
Building Details
Year built
1945
Listing Agency:
King, REALTORS
(210) 826-2345
Listed By:
James Sheridan
(210) 860-5464
Added: Apr 27
Last Checked: Aug 1 at 8:06AM
MLS# 1929144
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.
Investment Insights
Based on property information with market context.
Located in the heart of Terrell Heights, this duplex presents an investment opportunity. The property features a covered carport, a large outside storage shed, a covered backyard patio, and an upstairs landing/balcony. The lot size is 0.246 acres. The property offers the option to convert to a single-family residence. Shopping, dining, and entertainment options are located nearby. The upstairs unit requires a full rehabilitation. The downstairs unit is currently occupied and features a brand new TRANE HVAC system and furnace. The property size is 2904 square feet.
Key Highlights
- Prime location in Terrell Heights (78209) offering investment potential.
- Duplex structure provides options: live in one unit and lease the other, or lease both.
- Downstairs unit features a brand new TRANE HVAC system/furnace.**
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.5k | $17.40 |
| − Vacancy | −$2.8k | −$0.96 |
| EGI | $47.8k | $16.44 |
| − OpEx | −$14.3k | −$4.93 |
| NOI | $33.4k | $11.51 |
2,904 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$477.5K
$417.8K – $557.1K
NOI $33,425 @ 7.0% cap · market cap 8.36%
Second Best
Apartment 5plus
$423.8K
$370.8K – $494.4K
NOI $29,664 @ 7.0% cap · market cap 7.42%
Theoretical Best
Office A
$740.8K
$648.2K – $864.2K
NOI $51,853 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,028
Businesses Nearby
Explore this area
Business Placement
Demographics for 78209, TX
42,456
Population
22,771
Households
1.9
Avg Household Size
40
Median Age
62%
College-Educated
96%
High-School Grad
10.2 sq mi
ZIP Area
4,162
Density / Sq Mi
$84,180
Median Household Income
$57,921
Median Earnings
$1,371
Median Rent
$497,500
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 - Duplex in premium location, great investment opportunity.
Where is this duplex located?
The property is located at 305 Rittiman San Antonio, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Prime location in Terrell Heights (78209) offering investment potential.; Duplex structure provides options: live in one unit and lease the other, or lease both.; Downstairs unit features a brand new TRANE HVAC system/furnace.**
