Fourplex Residential Income
509 Dukeway Universal City, TX 78148
New
509 Dukeway, Universal City, TX, 78148
$450,000
For Sale
$450,000
MULTI_FAMILY - Universal City, TX
Property Size3,832 SF
Lot Size0.34 Acres
Price / SF$117.43
Days on Market2
Property Features for 509 Dukeway
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 3,832 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Annual Amount
- 12292
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 2005
Listing agency
Keller Williams Legacy
(210) 482-3200
Listed by
Kristen Schramme
(210) 482-3200
Added: Jul 20 Updated: Jul 21 at 1:55PM Checked: Jul 21 at 7:06PM
MLS# 2001703
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.
Investment Insights
Based on property information with market context.
This well-maintained fourplex offers four light and airy residential units, each featuring 2 bedrooms and 2 full bathrooms with functional floor plans. The property includes approximately 3,832 square feet of total building area and sits on a 0.343-acre lot, presenting a straightforward income-focused configuration.
Located at 509 Dukeway in Universal City, Texas, the property is described as being just minutes from Randolph Air Force Base. The proximity is presented as a driver of consistent rental demand from military personnel, civilian employees, and contractors seeking convenient housing close to work.
Located at 509 Dukeway in Universal City, Texas, the property is described as being just minutes from Randolph Air Force Base. The proximity is presented as a driver of consistent rental demand from military personnel, civilian employees, and contractors seeking convenient housing close to work.
Key Highlights
- Fourplex built in 2005 with central air throughout
- All units feature 2 bedrooms and 2 full bathrooms
- Functional unit layouts with 2BR/2BA floor plans
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.1k | $16.20 |
| − Vacancy | −$4.4k | −$1.15 |
| EGI | $57.7k | $15.05 |
| − OpEx | −$17.3k | −$4.51 |
| NOI | $40.4k | $10.53 |
3,832 SF · lease $16.20/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$576.6K
$504.5K – $672.7K
NOI $40,361 @ 7.0% cap · market cap 8.97%
Second Best
Apartment 5plus
$501.3K
$438.7K – $584.9K
NOI $35,092 @ 7.0% cap · market cap 7.80%
Theoretical Best
Office A
$1.04M
$907.5K – $1.21M
NOI $72,601 @ 7.0% cap · market cap 16.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Well-maintained fourplex with four two-bedroom, two-bath units on a 0.343-acre lot.
Where is this quadplex located?
The property is located at 509 Dukeway Universal City, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Fourplex built in 2005 with central air throughout; All units feature 2 bedrooms and 2 full bathrooms; Functional unit layouts with 2BR/2BA floor plans
