4-Unit Multifamily
For Sale
$545,000
Pending
550 Dukeway, Universal City, TX 78148
Multi-Family (2-8 Units), Universal City, TX
Property Size4,672 SF
Lot Size0.24 Acres
Days on Market142
Property Features for 550 Dukeway
General Information
Property type
Residential Multi Family
Property subtype
Other
Elementary school
Call District
Middle school
Call District
High school
Call District
Elementary school district
Judson
Middle school district
Judson
High school district
Judson
Subdivision
1600
Standard status
Pending
Size
4,672 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Annual Amount
10320
Building Details
Year built
1983
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Sterling Williams
(214) 202-7615
Added: May 30
Changed: Oct 12
Last Checked: Oct 18 at 2:06PM
MLS# 1971254
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.
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Investment Insights
Based on property information with market context.
This four-unit multifamily property contains 4,672 square feet on a 0.235-acre lot and was built in 1983. Each residence has its own electric meter, while water is shared across the property. A RUBS arrangement is in place for utility reimbursement.
The property is in Universal City near Randolph AFB, major highways, and retail. Current rents are described as below-market, creating an opportunity to review rental rates and operating performance. The layout supports either owner occupancy with additional units leased or full-property leasing.
The property is in Universal City near Randolph AFB, major highways, and retail. Current rents are described as below-market, creating an opportunity to review rental rates and operating performance. The layout supports either owner occupancy with additional units leased or full-property leasing.
Key Highlights
- Four‑unit multifamily property with 4,672 square feet
- 0.235‑acre lot; building constructed in 1983
- Separate electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,208
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$984,160
$984.2K
Cap Rate 7%
$702,971
$703.0K
Cap Rate 9%
$546,756
$546.8K
Market Conditions
NOI Build-Up for 4,672 SF
Gross rent
$75.7K $16.20/SF
− Vacancy
−$5.4K −$1.15/SF
EGI
$70.3K $15.05/SF
− OpEx
−$21.1K −$4.51/SF
NOI
$49.2K $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%
$984,160
Cap Rate 7%
$702,971
Cap Rate 9%
$546,756
Alternative Uses
Best Use
Multifamily LT 5
$703.0K
$615.1K – $820.1K
NOI $49,208 @ 7.0% cap · market cap 9.03%
Second Best
Apartment 5plus
$611.2K
$534.8K – $713.1K
NOI $42,784 @ 7.0% cap · market cap 7.85%
Theoretical Best
Office A
$1.26M
$1.11M – $1.48M
NOI $88,515 @ 7.0% cap · market cap 16.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property with individually metered electricity and a utility reimbursement system.
Where is this quadplex located?
The property is located at 550 Dukeway Universal City, TX.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Four‑unit multifamily property with 4,672 square feet; 0.235‑acre lot; building constructed in 1983; Separate electric meters for each unit
