Two-Unit Duplex with Shared
For Sale
$275,000
587 Overhill Drive, San Antonio, TX 78228
Residential duplex near St. Mary’s University with appliances, shared laundry, and an alley-accessed backyard.
Property Size1,626 SF
Price / SF$169.13
Days on Market847
Property Features for 587 Overhill Drive
General Information
Standard status
Active
Size
1,626 SF
Property subtype
Multi-Family / One Story
Net Operating Income
$23,654
Units
Unit Mix
1 x 2BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,717
Amenities
laundry room
backyard
Ceramic Tile, Laminate
Composition
Slab
Pre-Owned
Conventional, 2nd Seller Carry, Wraparound, Cash, Investors OK
Listing Agency:
Vortex Realty
Listed By:
Annabell Villanueva
(210) 544-1804
Source:
Compass
Added: May 13, 2024
Changed: Aug 30
Last Checked: Aug 30 at 3:55PM
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 Vortex Realty
Investment Insights
Based on property information with market context.
This 1,626-square-foot duplex includes two attached residences, each configured with two bedrooms and one bathroom. Both units have a stove and refrigerator, while a shared laundry room is equipped with washers and dryers. Ceramic tile and laminate flooring are featured in the interiors, and the property includes a backyard with alley access.
The property is within walking distance of St. Mary’s University, shopping centers, and several restaurants. Access to 410, 151, and I-H10 connects the duplex with Downtown, Lackland, SeaWorld, and the Medical Center. The unit layout and existing household appliances support continued residential use across both sides of the property.
The property is within walking distance of St. Mary’s University, shopping centers, and several restaurants. Access to 410, 151, and I-H10 connects the duplex with Downtown, Lackland, SeaWorld, and the Medical Center. The unit layout and existing household appliances support continued residential use across both sides of the property.
Key Highlights
- Two‑unit duplex with 1,626 square feet
- Both units offer 2 bedrooms and 1 bath
- Shared laundry room with washers and dryers
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,715
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$374,300
$374.3K
Cap Rate 7%
$267,357
$267.4K
Cap Rate 9%
$207,944
$207.9K
Market Conditions
NOI Build-Up for 1,626 SF
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.
Gross rent
$28.3K $17.40/SF
− Vacancy
−$1.6K −$0.96/SF
EGI
$26.7K $16.44/SF
− OpEx
−$8.0K −$4.93/SF
NOI
$18.7K $11.51/SF
Area
San Antonio, TX
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$374,300
Cap Rate 7%
$267,357
Cap Rate 9%
$207,944
Alternative Uses
Best Use
Multifamily LT 5
$267.4K
$233.9K – $311.9K
NOI $18,715 @ 7.0% cap · market cap 6.81%
Second Best
Apartment 5plus
$237.3K
$207.6K – $276.8K
NOI $16,609 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$414.8K
$362.9K – $483.9K
NOI $29,034 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
482
Businesses Nearby
Explore this area
Business Placement
Demographics for 78228, TX
56,369
Population
21,397
Households
2.6
Avg Household Size
37
Median Age
14%
College-Educated
74%
High-School Grad
10.9 sq mi
ZIP Area
5,171
Density / Sq Mi
$50,865
Median Household Income
$30,811
Median Earnings
$1,004
Median Rent
$164,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Residential duplex near St. Mary’s University with appliances, shared laundry, and an alley-accessed backyard.
Where is this duplex located?
The property is located at 587 Overhill Drive San Antonio, TX.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,626 square feet; Both units offer 2 bedrooms and 1 bath; Shared laundry room with washers and dryers
