Tenant-Occupied Duplex with Two 1-Bed
For Sale
$199,900
603 W Byrd Blvd, Universal City, TX 78148
Tenant-occupied duplex with two 1-bedroom, 1-bath units, close to Randolph AFB and major highways.
Property Size1,312 SF
Price / SF$152.36
Days on Market166
Property Features for 603 W Byrd Blvd
General Information
Standard status
Active
Size
1,312 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$3,358
Building Details
Tenancy
Multi
Listing Agency:
eXp Realty
(888) 519-7431
Listed By:
Laura Grau
(210) 367-3498
Source:
Exprealty
Added: May 7
Changed: Oct 16
Last Checked: Oct 16 at 12:00PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This tenant-occupied duplex at 601 & 603 W Byrd Blvd includes two 1-bedroom, 1-bath units. Each side offers functional living space suited to rental use, making the property a straightforward option for an owner-investor or rental portfolio addition. Showings are by appointment only, and tenants should not be disturbed.
The duplex is conveniently located near Randolph AFB and close to major highways, shopping, dining, and entertainment. The location supports everyday access for residents and makes the property practical for tenants seeking nearby amenities.
With two separate 1-bedroom, 1-bath units, the layout is designed for income-producing occupancy. The property size is 1,312 SF.
The duplex is conveniently located near Randolph AFB and close to major highways, shopping, dining, and entertainment. The location supports everyday access for residents and makes the property practical for tenants seeking nearby amenities.
With two separate 1-bedroom, 1-bath units, the layout is designed for income-producing occupancy. The property size is 1,312 SF.
Key Highlights
- Tenant‑occupied duplex at 601 & 603 W Byrd Blvd
- Two 1‑bedroom, 1‑bath units
- Property size: 1,312 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,819
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$276,380
$276.4K
Cap Rate 7%
$197,414
$197.4K
Cap Rate 9%
$153,544
$153.5K
Market Conditions
NOI Build-Up for 1,312 SF
Gross rent
$21.3K $16.20/SF
− Vacancy
−$1.5K −$1.15/SF
EGI
$19.7K $15.05/SF
− OpEx
−$5.9K −$4.51/SF
NOI
$13.8K $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%
$276,380
Cap Rate 7%
$197,414
Cap Rate 9%
$153,544
Alternative Uses
Best Use
Multifamily LT 5
$197.4K
$172.7K – $230.3K
NOI $13,819 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$171.6K
$150.2K – $200.3K
NOI $12,015 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$355.1K
$310.7K – $414.3K
NOI $24,857 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
494
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?
Duplex - Tenant-occupied duplex with two 1-bedroom, 1-bath units, close to Randolph AFB and major highways.
Where is this duplex located?
The property is located at 603 W Byrd Blvd Universal City, TX.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Tenant‑occupied duplex at 601 & 603 W Byrd Blvd; Two 1‑bedroom, 1‑bath units; Property size: 1,312 SF
