Four-Unit Property with Separate Electric
For Sale
$476,000
554 Dukeway, Universal City, TX 78148
Multi-Family (2-8 Units), Universal City, TX
Property Size4,672 SF
Lot Size0.27 Acres
Price / SF$101.88
Days on Market143
Property Features for 554 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
Active
Size
4,672 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Annual Amount
11350
Building Details
Year built
1983
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Sterling Williams
(214) 202-7615
Added: May 18
Changed: Sep 21
Last Checked: Oct 7 at 11:06AM
MLS# 1867604
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 four-unit residential property contains 4,672 square feet on a 0.269-acre lot and was built in 1983. Each unit has its own electric meter, while water is shared across the property. A RUBS system is in place to allocate utility reimbursement among residents.
The property is in Universal City, near Randolph AFB, major highways, and retail. Current rents are below market, and the configuration supports either an owner-occupant living in one unit while leasing the remaining units or leasing all four units.
The property is in Universal City, near Randolph AFB, major highways, and retail. Current rents are below market, and the configuration supports either an owner-occupant living in one unit while leasing the remaining units or leasing all four units.
Key Highlights
- Four‑unit residential property totaling 4,672 square feet
- 0.269‑acre lot in Universal City
- Built in 1983
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.
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Income-producing residential property with individually metered electric service and a utility reimbursement arrangement.
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 residential property totaling 4,672 square feet; 0.269‑acre lot in Universal City; Built in 1983
