New
For Sale
$249,999
405 E DREXEL AVE, San Antonio, TX 78210
Both residences are leased, and each side has a separate utility meter.
Property Size1,590 SF
Price / SF$157.23
Days on Market4
Property Features for 405 E DREXEL AVE
General Information
Standard status
Active
Size
1,590 SF
Property subtype
Residential Income
Net Operating Income
$24,480
Site & Location
Neighborhood
Highland Park
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,319
Amenities
Window Unit(s), Wall/Window Unit(s)
Electric
One Story
Building Details
Building Size
1,590 SF
Year Built
1929
Stories
1
Tenancy
Multi
Listing Agency:
JPAR San Antonio
Listed By:
Nereyda Vicente · License #664196
(210) 992-4573
Source:
Evrealestate
Added: Nov 1
Changed: Nov 3
Last Checked: Nov 3 at 3:10AM
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 JPAR San Antonio
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 1,590-square-foot duplex, built in 1929, contains two residences. Both units are leased, and each side has its own utility meter; tenants pay their respective utility costs.
The property is located at 405 E Drexel Ave in San Antonio.
The property is located at 405 E Drexel Ave in San Antonio.
Key Highlights
- Two leased residential units with long‑term leases
- 1,590‑square‑foot duplex
- Separate utility meter for each side; tenants pay their own utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,301
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,020
$366.0K
Cap Rate 7%
$261,443
$261.4K
Cap Rate 9%
$203,344
$203.3K
Market Conditions
NOI Build-Up for 1,590 SF
Gross rent
$27.7K $17.40/SF
− Vacancy
−$1.5K −$0.96/SF
EGI
$26.1K $16.44/SF
− OpEx
−$7.8K −$4.93/SF
NOI
$18.3K $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%
$366,020
Cap Rate 7%
$261,443
Cap Rate 9%
$203,344
Alternative Uses
Best Use
Multifamily LT 5
$261.4K
$228.8K – $305.0K
NOI $18,301 @ 7.0% cap · market cap 7.32%
Second Best
Apartment 5plus
$232.0K
$203.0K – $270.7K
NOI $16,242 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$405.6K
$354.9K – $473.2K
NOI $28,391 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
487
Businesses Nearby
Explore this area
Business Placement
Demographics for 78210, TX
33,010
Population
14,410
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
76%
High-School Grad
7.3 sq mi
ZIP Area
4,522
Density / Sq Mi
$51,990
Median Household Income
$33,271
Median Earnings
$1,119
Median Rent
$172,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased, and each side has a separate utility meter.
Where is this duplex located?
The property is located at 405 E DREXEL AVE San Antonio, TX.
What is the asking price?
The asking price for this property is $249,999.
What are key features of this property?
This property features: Two leased residential units with long‑term leases; 1,590‑square‑foot duplex; Separate utility meter for each side; tenants pay their own utilities
