Renovated Duplex with Separate
For Sale
$549,000
315 W Norwood, San Antonio, TX 78212
Two-bedroom, two-bath units include individual outdoor areas and washer-dryer connections.
Property Size1,976 SF
Price / SF$277.83
Days on Market81
Property Features for 315 W Norwood
General Information
Standard status
Active
Size
1,976 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Building Details
Year Built
1941
Buildings
1
Listing Agency:
Devora Realty
Listed By:
Nathan Young
(210) 668-6844
Source:
Sarahildebrandaguilera
Added: Aug 2
Changed: Oct 15
Last Checked: Oct 21 at 1:09AM
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 Devora Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This renovated duplex contains two separate units, each offering two bedrooms and two bathrooms. The 1,976-square-foot property was built in 1941 and sits on an oversized lot. Each unit has dedicated washer-dryer connections, its own meter, and an individual outdoor area.
A detached guest house has been partially demolished, with the option to complete the remaining work for a third income-producing unit. The property is located at 315 W Norwood in San Antonio’s Alta Vista neighborhood, on a quiet residential street lined with maintained homes and a new build next door.
A detached guest house has been partially demolished, with the option to complete the remaining work for a third income-producing unit. The property is located at 315 W Norwood in San Antonio’s Alta Vista neighborhood, on a quiet residential street lined with maintained homes and a new build next door.
Key Highlights
- 1,976‑square‑foot renovated duplex on an oversized lot
- Two units, each with 2 bedrooms and 2 bathrooms
- Separate meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,744
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,880
$454.9K
Cap Rate 7%
$324,914
$324.9K
Cap Rate 9%
$252,711
$252.7K
Market Conditions
NOI Build-Up for 1,976 SF
Gross rent
$34.4K $17.40/SF
− Vacancy
−$1.9K −$0.96/SF
EGI
$32.5K $16.44/SF
− OpEx
−$9.7K −$4.93/SF
NOI
$22.7K $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%
$454,880
Cap Rate 7%
$324,914
Cap Rate 9%
$252,711
Alternative Uses
Best Use
Multifamily LT 5
$324.9K
$284.3K – $379.1K
NOI $22,744 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$288.3K
$252.3K – $336.4K
NOI $20,184 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$504.0K
$441.0K – $588.1K
NOI $35,283 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,189
Businesses Nearby
Explore this area
Business Placement
Demographics for 78212, TX
26,738
Population
13,399
Households
2
Avg Household Size
39
Median Age
39%
College-Educated
85%
High-School Grad
6.9 sq mi
ZIP Area
3,875
Density / Sq Mi
$60,222
Median Household Income
$40,037
Median Earnings
$1,084
Median Rent
$299,400
Median Home Value
Check the figures for this property
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-bedroom, two-bath units include individual outdoor areas and washer-dryer connections.
Where is this duplex located?
The property is located at 315 W Norwood San Antonio, TX.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 1,976‑square‑foot renovated duplex on an oversized lot; Two units, each with 2 bedrooms and 2 bathrooms; Separate meters for each unit
