Renovated Two-Bed
For Sale
$220,000
435 Avondale Avenue, San Antonio, TX 78223
Renovated two-bedroom, one-bath duplex with new kitchen, paint, electric, washer/dryer connections, and upgraded rear carport.
Property Size1,456 SF
Price / SF$151.10
Days on Market185
Property Features for 435 Avondale Avenue
General Information
Standard status
Active
Size
1,456 SF
Property subtype
Multi-Family / One Story
Net Operating Income
$10,400
Taxes and HOA fees
Annual Taxes
$3,293
Amenities
washer dryer connections
carport
additional storage
Wood, Vinyl
Wood Shingle/Shake
Slab
Conventional, FHA, VA, Cash
Patio Slab, Covered Patio
Building Details
Year Built
1956
Listing Agency:
Texas Relocation Experts
Listed By:
Masimiana Lopez
(210) 260-0878
Source:
Compass
Added: Mar 9
Changed: Aug 8
Last Checked: Jul 22 at 3:28AM
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 Texas Relocation Experts
Investment Insights
Based on property information with market context.
This renovated two-bedroom, one-bath duplex offers modern updates throughout, including a new kitchen, new paint, and new electric. The home includes washer/dryer connections and comes with additional storage, along with an upgraded carport in the back.
The property is listed for sale at 435 Avondale Avenue in San Antonio, TX, and is described as minutes away from Downtown San Antonio and Brooks City Base.
As an income-oriented residential asset, the duplex is positioned as move-in ready based on the renovation updates described in the listing.
The property is listed for sale at 435 Avondale Avenue in San Antonio, TX, and is described as minutes away from Downtown San Antonio and Brooks City Base.
As an income-oriented residential asset, the duplex is positioned as move-in ready based on the renovation updates described in the listing.
Key Highlights
- Renovated 2‑bed, 1‑bath duplex (year built 1956)
- New kitchen, new paint, and new electric as part of the renovation
- Wood and vinyl flooring
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
$14,942
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
6.79%
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%
$298,840
$298.8K
Cap Rate 7%
$213,457
$213.5K
Cap Rate 9%
$166,022
$166.0K
Market Conditions
NOI Build-Up for 1,456 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
$23.6K $16.20/SF
− Vacancy
−$2.2K −$1.54/SF
EGI
$21.3K $14.66/SF
− OpEx
−$6.4K −$4.40/SF
NOI
$14.9K $10.26/SF
Area
ZIP 78223
Vacancy
9.50%
Lease Rate
$16.20 /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%
$298,840
Cap Rate 7%
$213,457
Cap Rate 9%
$166,022
Alternative Uses
Best Use
Multifamily LT 5
$213.5K
$186.8K – $249.0K
NOI $14,942 @ 7.0% cap · market cap 6.79%
Second Best
Apartment 5plus
$185.3K
$162.2K – $216.2K
NOI $12,973 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$350.1K
$306.4K – $408.5K
NOI $24,510 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
360
Businesses Nearby
Explore this area
Business Placement
Demographics for 78223, TX
55,705
Population
22,278
Households
2.5
Avg Household Size
35
Median Age
12%
College-Educated
78%
High-School Grad
40.9 sq mi
ZIP Area
1,362
Density / Sq Mi
$50,352
Median Household Income
$33,762
Median Earnings
$1,054
Median Rent
$156,700
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 - Renovated two-bedroom, one-bath duplex with new kitchen, paint, electric, washer/dryer connections, and upgraded rear carport.
Where is this duplex located?
The property is located at 435 Avondale Avenue San Antonio, TX.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Renovated 2‑bed, 1‑bath duplex (year built 1956); New kitchen, new paint, and new electric as part of the renovation; Wood and vinyl flooring
