As-Is Duplex With Large
For Sale
$175,000
611 El Monte Boulevard, San Antonio, TX 78212
Duplex for sale with two units and a large yard, sold as-is and requiring updates.
Property Size1,291 SF
Price / SF$135.55
Days on Market249
Property Features for 611 El Monte Boulevard
General Information
Standard status
Active
Size
1,291 SF
Property subtype
Multi-Family / One Story
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,696
Amenities
Laminate
Wood Shingle/Shake
Slab
Cash, Investors OK
Building Details
Year Built
1950
Tenancy
Multi
Listing Agency:
eXp Realty
(888) 519-7431
Listed By:
Linda Jurado
(888) 519-7431
Source:
Compass
Added: Dec 3, 2025
Changed: Aug 8
Last Checked: Jul 23 at 5:09AM
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
Investment Insights
Based on property information with market context.
This is an as-is duplex containing two residential units. Unit 1 offers 2 bedrooms and 1 bathroom. Unit 2 offers 1 bedroom and 1 bathroom. The property includes a large yard and is being sold as-is, with updates needed.
The duplex is located at 611 El Monte Boulevard in San Antonio, TX 78212. The listing notes the property will be sold as-is.
The two-unit layout provides separate floorplans for tenants or an owner-occupant scenario, with the large yard included as an outdoor amenity.
The duplex is located at 611 El Monte Boulevard in San Antonio, TX 78212. The listing notes the property will be sold as-is.
The two-unit layout provides separate floorplans for tenants or an owner-occupant scenario, with the large yard included as an outdoor amenity.
Key Highlights
- Duplex at 611 and 609 El Monte Blvd, San Antonio, TX—sold as‑is and requiring updates
- 2‑unit layout: Unit 1 is 2BR/1BA; Unit 2 is 1BR/1BA
- Large yard on the property
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
$14,860
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
8.49%
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%
$297,200
$297.2K
Cap Rate 7%
$212,286
$212.3K
Cap Rate 9%
$165,111
$165.1K
Market Conditions
NOI Build-Up for 1,291 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
$22.5K $17.40/SF
− Vacancy
−$1.2K −$0.96/SF
EGI
$21.2K $16.44/SF
− OpEx
−$6.4K −$4.93/SF
NOI
$14.9K $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%
$297,200
Cap Rate 7%
$212,286
Cap Rate 9%
$165,111
Alternative Uses
Best Use
Multifamily LT 5
$212.3K
$185.8K – $247.7K
NOI $14,860 @ 7.0% cap · market cap 8.49%
Second Best
Apartment 5plus
$188.4K
$164.8K – $219.8K
NOI $13,187 @ 7.0% cap · market cap 7.54%
Theoretical Best
Office A
$329.3K
$288.2K – $384.2K
NOI $23,052 @ 7.0% cap · market cap 13.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
880
Businesses Nearby
Explore this area
Business Placement
Demographics for 78212, TX
26,738
Population
13,399
Households
2
Avg Household Size
39
Median Age
39%
College-Educated
85%
High-School Grad
6.9 sq mi
ZIP Area
3,875
Density / Sq Mi
$60,222
Median Household Income
$40,037
Median Earnings
$1,084
Median Rent
$299,400
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 - Duplex for sale with two units and a large yard, sold as-is and requiring updates.
Where is this duplex located?
The property is located at 611 El Monte Boulevard San Antonio, TX.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Duplex at 611 and 609 El Monte Blvd, San Antonio, TX—sold as‑is and requiring updates; 2‑unit layout: Unit 1 is 2BR/1BA; Unit 2 is 1BR/1BA; Large yard on the property
