Building Details

Year built 2002

Listing Agency: LPT Realty, LLC Show Phone

Listed By: Michelle Sandoval Show Phone

Added: Oct 16 Last Checked: Oct 17 at 3:06PM

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MLS# 2024093

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.

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Investment Insights

Based on property information with market context.

This single-story duplex contains two residences, each with 3 bedrooms and 1 bathroom, for a combined 1,770 square feet. Both units are occupied by long-term tenants. Separate electric and water meters serve each residence. Interior features include tile floors, ceiling fans, and distinct kitchen and living areas; outdoor yard areas are also present. The property was built in 2002 and sits on a 0.14-acre lot.

A city park and recreational areas are nearby, with schools within walking distance and bus service in the area. The property is at 419 Amires Place in San Antonio.

Key Highlights

• Two 3‑bedroom, 1‑bath residences; 1,770 square feet combined
• Both units occupied by long‑term tenants
• Separate electric and water meters for each unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,373

Cap Rate

8.18%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$407,460 $407.5K

Cap Rate 7%

$291,043 $291.0K

Cap Rate 9%

$226,367 $226.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,770 SF

Gross rent

$30.8K $17.40/SF

− Vacancy

−$1.7K −$0.96/SF

EGI

$29.1K $16.44/SF

− OpEx

−$8.7K −$4.93/SF

NOI

$20.4K $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%

$407,460

Cap Rate 7%

$291,043

Cap Rate 9%

$226,367

Alternative Uses

Best Use

Multifamily LT 5

$291.0K

$254.7K – $339.6K (±1% cap)

NOI $20,373 @ 7.0% cap · market cap 8.18%

Second Best

Apartment 5plus

$258.3K

$226.0K – $301.3K (±1% cap)

NOI $18,080 @ 7.0% cap · market cap 7.26%

Theoretical Best

Office A

$451.5K

$395.1K – $526.8K (±1% cap)

NOI $31,605 @ 7.0% cap · market cap 12.69%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Spa & Massage Center Pharmacy Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

191

Businesses Nearby

Explore this area Business Placement

Demographics for 78237, TX

36,019

Population

12,998

Households

2.8

Avg Household Size

35

Median Age

6%

College-Educated

64%

High-School Grad

7.1 sq mi

ZIP Area

5,073

Density / Sq Mi

$40,233

Median Household Income

$27,038

Median Earnings

$987

Median Rent

$103,000

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Separate electric and water meters serve each occupied residence.

Where is this duplex located?

The property is located at 419 AMIRES PL San Antonio, TX.

What is the asking price?

The asking price for this property is $249,000.

What are key features of this property?

This property features: Two 3‑bedroom, 1‑bath residences; 1,770 square feet combined; Both units occupied by long‑term tenants; Separate electric and water meters for each unit