Well-Maintained Duplex on Corner
For Sale
$350,000
369 BABCOCK RD, San Antonio, TX 78201
Multi-Family (2-8 Units), San Antonio, TX
Property Size1,968 SF
Lot Size0.23 Acres
Price / SF$177.85
Days on Market59
Property Features for 369 BABCOCK RD
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-4
Elementary school
Maverick
Middle school
Longfellow
High school
Jefferson
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
0800
Standard status
Active
Size
1,968 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Annual Amount
5310
Utilities
Cooling system
Central Air
Building Details
Year built
1950
Listing Agency:
eXp Realty
(888) 519-7431
Listed By:
Montana Kloss · License #0721837
(888) 519-7431
Added: Jun 28
Changed: Aug 19
Last Checked: Aug 25 at 7:06PM
MLS# 1962226
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.
This well-maintained duplex at 369 Babcock Rd is situated on a corner lot and is fully occupied. The property’s current setup includes Tenant 1 on a month-to-month arrangement, while Tenant 2 is approaching vacancy, creating near-term flexibility depending on an owner’s plans.
The home is located in San Antonio, with convenient access to local destinations. It is minutes from St. Mary’s University and Woodlawn Lake, and it is described as a short drive to Downtown, the Riverwalk, The Pearl, La Cantera, The Rim, Six Flags, Sea World, AT&T Center, Alamodome, and Lackland AFB.
For investors or homeowners, the duplex configuration can support rental income with the added consideration that one unit’s month-to-month status may allow for smoother tenant transitions. As Tenant 2 approaches vacancy, a buyer or operator may be able to plan for future occupancy and unit management with advance notice. The property’s corner-lot placement and overall condition are positioned to appeal to those looking for a residential income asset in a well-located area.
The home is located in San Antonio, with convenient access to local destinations. It is minutes from St. Mary’s University and Woodlawn Lake, and it is described as a short drive to Downtown, the Riverwalk, The Pearl, La Cantera, The Rim, Six Flags, Sea World, AT&T Center, Alamodome, and Lackland AFB.
For investors or homeowners, the duplex configuration can support rental income with the added consideration that one unit’s month-to-month status may allow for smoother tenant transitions. As Tenant 2 approaches vacancy, a buyer or operator may be able to plan for future occupancy and unit management with advance notice. The property’s corner-lot placement and overall condition are positioned to appeal to those looking for a residential income asset in a well-located area.
Key Highlights
- Fully occupied duplex with 2 tenants; Tenant 1 is month‑to‑month and Tenant 2 is approaching vacancy
- Central air conditioning
- Built in 1950
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
$22,652
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
6.47%
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%
$453,040
$453.0K
Cap Rate 7%
$323,600
$323.6K
Cap Rate 9%
$251,689
$251.7K
Market Conditions
NOI Build-Up for 1,968 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
$34.2K $17.40/SF
− Vacancy
−$1.9K −$0.96/SF
EGI
$32.4K $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 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%
$453,040
Cap Rate 7%
$323,600
Cap Rate 9%
$251,689
Alternative Uses
Best Use
Multifamily LT 5
$323.6K
$283.2K – $377.5K
NOI $22,652 @ 7.0% cap · market cap 6.47%
Second Best
Apartment 5plus
$287.2K
$251.3K – $335.1K
NOI $20,103 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$502.0K
$439.3K – $585.7K
NOI $35,140 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
575
Businesses Nearby
Explore this area
Business Placement
Demographics for 78201, TX
42,005
Population
18,661
Households
2.3
Avg Household Size
39
Median Age
17%
College-Educated
73%
High-School Grad
7.1 sq mi
ZIP Area
5,916
Density / Sq Mi
$46,129
Median Household Income
$30,517
Median Earnings
$1,033
Median Rent
$187,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - A fully occupied duplex on a corner lot, offering rental continuity with one unit on month-to-month terms.
Where is this duplex located?
The property is located at 369 BABCOCK RD 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: Fully occupied duplex with 2 tenants; Tenant 1 is month‑to‑month and Tenant 2 is approaching vacancy; Central air conditioning; Built in 1950
