Corner Lot Duplex with
For Sale
$350,000
501 Westwood Drive, San Antonio, TX 78212
Recently fully remodeled duplex on a leveled corner lot, with shared foyer and individual in-unit laundry rooms.
Property Size1,703 SF
Price / SF$205.52
Days on Market443
Property Features for 501 Westwood Drive
General Information
Standard status
Active
Size
1,703 SF
Property subtype
Multi-Family / One Story
Zoning
R-4
Net Operating Income
$28,617
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,782
Amenities
Ceramic Tile, Linoleum, Vinyl
Composition
Slab
Pre-Owned
Conventional, FHA, VA, Cash, Trade, Investors OK
Patio Slab, Double Pane Windows, Mature Trees, Level
Building Details
Year Built
1945
Tenancy
Multi
Listing Agency:
America Realty
Listed By:
Lourdes Jacques
(210) 317-7850
Source:
Compass
Added: Jun 21, 2025
Changed: Aug 8
Last Checked: Aug 5 at 11:47AM
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 America Realty
Investment Insights
Based on property information with market context.
This recently fully remodeled duplex offers two units with similar layouts, each featuring an open kitchen, living, and dining area. Both units include 2 bedrooms and 1 bathroom, along with an in-unit laundry room and storage. A shared foyer provides access to both units and supports private entry to the main living areas.
The property sits on a good-size, leveled corner lot with easy access, and one side is noted as currently vacant. The listing also indicates the home can be used as an owner-occupied property in addition to generating rental income.
Overall, it presents a straightforward duplex configuration with separate unit interiors, in-unit laundry, and a shared entry arrangement for convenient day-to-day access.
The property sits on a good-size, leveled corner lot with easy access, and one side is noted as currently vacant. The listing also indicates the home can be used as an owner-occupied property in addition to generating rental income.
Overall, it presents a straightforward duplex configuration with separate unit interiors, in-unit laundry, and a shared entry arrangement for convenient day-to-day access.
Key Highlights
- Recently fully remodeled duplex on a leveled corner lot
- Year built 1945 with pre‑owned construction and slab foundation
- 2 units, each with 2 bedrooms and 1 bath
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
$19,602
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
5.60%
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%
$392,040
$392.0K
Cap Rate 7%
$280,029
$280.0K
Cap Rate 9%
$217,800
$217.8K
Market Conditions
NOI Build-Up for 1,703 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
$29.6K $17.40/SF
− Vacancy
−$1.6K −$0.96/SF
EGI
$28.0K $16.44/SF
− OpEx
−$8.4K −$4.93/SF
NOI
$19.6K $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%
$392,040
Cap Rate 7%
$280,029
Cap Rate 9%
$217,800
Alternative Uses
Best Use
Multifamily LT 5
$280.0K
$245.0K – $326.7K
NOI $19,602 @ 7.0% cap · market cap 5.60%
Second Best
Apartment 5plus
$248.5K
$217.5K – $289.9K
NOI $17,396 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$434.4K
$380.1K – $506.8K
NOI $30,408 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,163
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Recently fully remodeled duplex on a leveled corner lot, with shared foyer and individual in-unit laundry rooms.
Where is this duplex located?
The property is located at 501 Westwood Drive 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: Recently fully remodeled duplex on a leveled corner lot; Year built 1945 with pre‑owned construction and slab foundation; 2 units, each with 2 bedrooms and 1 bath
