Two-Unit Duplex with Private
For Sale
$199,900
502 S San Manuel St, San Antonio, TX 78237
One unit is currently rented, with additional lot space identified for a potential third unit.
Property Size1,611 SF
Price / SF$124.08
Days on Market50
Property Features for 502 S San Manuel St
General Information
Standard status
Active
Size
1,611 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Las Palmas
Additional Details
Multifamily Units
2
Building Details
Year Built
1950
Listing Agency:
StepStone Realty LLC
Listed By:
Kenneth Valente
(210) 649-0721
Source:
Mlsluxurygroup
Added: Sep 16
Changed: Oct 25
Last Checked: Oct 7 at 4:39PM
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 StepStone Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1950, this 1,611-square-foot duplex contains two separate units with functional living areas and private entrances. One unit is currently rented, providing an existing rental arrangement within the property. Additional lot space is identified for a potential 500-square-foot unit, subject to verification of applicable details and requirements.
The property is located at 502 S San Manuel St in San Antonio, near downtown, major highways, shopping, dining, schools, and area employers. Its two-unit configuration and separate entrances support both rental and owner-occupant use, while the additional lot area offers a stated expansion possibility.
The property is located at 502 S San Manuel St in San Antonio, near downtown, major highways, shopping, dining, schools, and area employers. Its two-unit configuration and separate entrances support both rental and owner-occupant use, while the additional lot area offers a stated expansion possibility.
Key Highlights
- Two separate units with private entrances
- One unit is currently rented
- 1,611 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,456
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,120
$329.1K
Cap Rate 7%
$235,086
$235.1K
Cap Rate 9%
$182,844
$182.8K
Market Conditions
NOI Build-Up for 1,611 SF
Gross rent
$31.9K $19.80/SF
− Vacancy
−$2.0K −$1.23/SF
EGI
$29.9K $18.57/SF
− OpEx
−$13.5K −$8.36/SF
NOI
$16.5K $10.21/SF
Area
San Antonio, TX
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,120
Cap Rate 7%
$235,086
Cap Rate 9%
$182,844
Alternative Uses
Best Use
Multifamily LT 5
$264.9K
$231.8K – $309.1K
NOI $18,543 @ 7.0% cap · market cap 9.28%
Second Best
Apartment 5plus
$235.1K
$205.7K – $274.3K
NOI $16,456 @ 7.0% cap · market cap 8.23%
Theoretical Best
Office A
$410.9K
$359.6K – $479.4K
NOI $28,766 @ 7.0% cap · market cap 14.39%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
732
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One unit is currently rented, with additional lot space identified for a potential third unit.
Where is this duplex located?
The property is located at 502 S San Manuel St San Antonio, TX.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two separate units with private entrances; One unit is currently rented; 1,611 square feet
