Four-Unit
For Sale
$560,000
506 Dukeway, Universal City, TX 78148
Multifamily property with consistent two-bedroom, two-bath layouts across all residences.
Property Size3,832 SF
Price / SF$146.14
Days on Market57
Property Features for 506 Dukeway
General Information
Standard status
Active
Size
3,832 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$11,319
Listing Agency:
Real Estate Amigo
Listed By:
Mauricio Ruiz
(210) 367-1259
Source:
Exprealty
Added: Aug 28
Changed: Oct 13
Last Checked: Oct 20 at 11:54PM
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 Real Estate Amigo
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Investment Insights
Based on property information with market context.
This four-unit quadplex contains 3,832 square feet and offers a consistent residential configuration throughout. Each unit includes two bedrooms and two full bathrooms, with functional floor plans and bright interiors described across the property.
The property is located at 506 Dukeway in Universal City, Texas, minutes from Randolph Air Force Base. It also backs to a greenbelt, adding open space behind the building. The four-unit layout provides a straightforward multifamily configuration with the same bedroom and bathroom arrangement in each residence.
The property is located at 506 Dukeway in Universal City, Texas, minutes from Randolph Air Force Base. It also backs to a greenbelt, adding open space behind the building. The four-unit layout provides a straightforward multifamily configuration with the same bedroom and bathroom arrangement in each residence.
Key Highlights
- Four‑unit quadplex with 3,832 square feet
- Each unit includes 2 bedrooms and 2 full bathrooms
- Functional floor plans across all four residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,361
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$807,220
$807.2K
Cap Rate 7%
$576,586
$576.6K
Cap Rate 9%
$448,456
$448.5K
Market Conditions
NOI Build-Up for 3,832 SF
Gross rent
$62.1K $16.20/SF
− Vacancy
−$4.4K −$1.15/SF
EGI
$57.7K $15.05/SF
− OpEx
−$17.3K −$4.51/SF
NOI
$40.4K $10.53/SF
Area
Bexar County, TX
Vacancy
7.12%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$807,220
Cap Rate 7%
$576,586
Cap Rate 9%
$448,456
Alternative Uses
Best Use
Multifamily LT 5
$576.6K
$504.5K – $672.7K
NOI $40,361 @ 7.0% cap · market cap 7.21%
Second Best
Apartment 5plus
$501.3K
$438.7K – $584.9K
NOI $35,092 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$1.04M
$907.5K – $1.21M
NOI $72,601 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
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Business Placement
Demographics for 78148, TX
21,569
Population
8,597
Households
2.5
Avg Household Size
37
Median Age
34%
College-Educated
96%
High-School Grad
9.6 sq mi
ZIP Area
2,247
Density / Sq Mi
$75,395
Median Household Income
$40,850
Median Earnings
$1,252
Median Rent
$249,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Multifamily property with consistent two-bedroom, two-bath layouts across all residences.
Where is this quadplex located?
The property is located at 506 Dukeway Universal City, TX.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Four‑unit quadplex with 3,832 square feet; Each unit includes 2 bedrooms and 2 full bathrooms; Functional floor plans across all four residences
