Four-Unit Multifamily
For Sale
$476,000
554 Dukeway, Universal City, TX 78148
Four-unit income property with separately metered electricity and a utility reimbursement system already in place.
Property Size4,672 SF
Price / SF$101.88
Days on Market60
Property Features for 554 Dukeway
General Information
Standard status
Active
Size
4,672 SF
Property subtype
Multi-Family
Additional Details
Utilities to Site
Yes
Multifamily Units
4
Building Details
Year Built
1983
Listing Agency:
Real Broker, LLC
Listed By:
Sterling Williams
(210) 569-9008
Source:
Drialtor
Added: Aug 20
Changed: Oct 11
Last Checked: Oct 7 at 2:15PM
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 Broker, LLC
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Investment Insights
Based on property information with market context.
This four-unit multifamily property contains 4,672 square feet and was built in 1983. Each residence has its own electric meter, while water service is shared across the property. A RUBS arrangement is in place to support utility reimbursement.
The property is in Universal City, near Randolph AFB, major highways, and retail destinations. Current rents are described as below-market, and the existing configuration supports either an owner-occupant arrangement with one unit retained or leasing the full property.
The property is in Universal City, near Randolph AFB, major highways, and retail destinations. Current rents are described as below-market, and the existing configuration supports either an owner-occupant arrangement with one unit retained or leasing the full property.
Key Highlights
- Four‑unit multifamily property in Universal City
- 4,672 square feet; built in 1983
- Separate electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,784
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$855,680
$855.7K
Cap Rate 7%
$611,200
$611.2K
Cap Rate 9%
$475,378
$475.4K
Market Conditions
NOI Build-Up for 4,672 SF
Gross rent
$84.1K $18.00/SF
− Vacancy
−$6.3K −$1.35/SF
EGI
$77.8K $16.65/SF
− OpEx
−$35.0K −$7.49/SF
NOI
$42.8K $9.16/SF
Area
Bexar County, TX
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$855,680
Cap Rate 7%
$611,200
Cap Rate 9%
$475,378
Alternative Uses
Best Use
Multifamily LT 5
$703.0K
$615.1K – $820.1K
NOI $49,208 @ 7.0% cap · market cap 10.34%
Second Best
Apartment 5plus
$611.2K
$534.8K – $713.1K
NOI $42,784 @ 7.0% cap · market cap 8.99%
Theoretical Best
Office A
$1.26M
$1.11M – $1.48M
NOI $88,515 @ 7.0% cap · market cap 18.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
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
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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 income property with separately metered electricity and a utility reimbursement system already in place.
Where is this quadplex located?
The property is located at 554 Dukeway Universal City, TX.
What is the asking price?
The asking price for this property is $476,000.
What are key features of this property?
This property features: Four‑unit multifamily property in Universal City; 4,672 square feet; built in 1983; Separate electric meters for each unit
