San Antonio Duplex: Income
For Sale
$369,999
616 W Craig Pl, San Antonio, TX 78212
MULTI_FAMILY - San Antonio, TX
Property Size2,016 SF
Price / SF$183.53
Days on Market95
Property Features for 616 W Craig Pl
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
San Antonio I.S.D.
Middle school district
San Antonio I.S.D.
High school district
San Antonio I.S.D.
Subdivision
0500
Standard status
Active
Size
2,016 SF
Taxes and HOA fees
Tax Annual Amount
7564
Utilities
Cooling system
Central Air
Building Details
Year built
1937
Listing Agency:
JPAR San Antonio
(800) 683-5651
Listed By:
Lina Bibian · License #0677993
(800) 683-5651
Added: May 3
Changed: May 11
Last Checked: Aug 5 at 4:06AM
MLS# 1839460
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 well-maintained duplex is located in the Alta Vista neighborhood, near The Pearl, downtown, and San Antonio College. Constructed in 1937, the property features two 2-bedroom, 1-bathroom units. The property has been updated and retains its historic character with original wood floors and classic exterior details, along with central HVAC. Unit 1 is currently leased at $1,215 per month with the lease ending on July 31, 2026, and Unit 2 is leased at $1,290 per month with the lease ending on April 30, 2026. Water is included in the rent for both units. The property is suitable for investors seeking long-term appreciation or homeowners looking to offset their mortgage with rental income. The property size is 2,016 square feet.
Key Highlights
- Income‑producing duplex with reliable tenants providing immediate cash flow ($1,215 and $1,290 monthly rents)
- Prime Alta Vista location, minutes from The Pearl, downtown, and San Antonio College
- Two spacious 2‑bedroom, 1‑bathroom units
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.1k | $17.40 |
| − Vacancy | −$1.9k | −$0.96 |
| EGI | $33.1k | $16.44 |
| − OpEx | −$9.9k | −$4.93 |
| NOI | $23.2k | $11.51 |
2,016 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$331.5K
$290.1K – $386.7K
NOI $23,204 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$294.2K
$257.4K – $343.2K
NOI $20,593 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$514.2K
$450.0K – $600.0K
NOI $35,997 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,327
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 - Well-maintained duplex in Alta Vista, near The Pearl and downtown.
Where is this duplex located?
The property is located at 616 W Craig Pl San Antonio, TX.
What is the asking price?
The asking price for this property is $369,999.
What are key features of this property?
This property features: Income‑producing duplex with reliable tenants providing immediate cash flow ($1,215 and $1,290 monthly rents); Prime Alta Vista location, minutes from The Pearl, downtown, and San Antonio College; Two spacious 2‑bedroom, 1‑bathroom units
