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San Antonio Duplex: Income Property

616 W Craig Pl San Antonio, TX 78212

Claim this Listing
For Sale
$369,999

MULTI_FAMILY - San Antonio, TX

Property size:
2,016 SF
Price / SF:
$183.53/SF
Added:
May 3, 2026
Days on Market:
73
Last Refresh:
Jul 14 at 12:06 pm

Property Features for 616 W Craig Pl

General Information

Property type
Residential Multi Family
Property subtype
Other
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 agent Lina Bibian

Listing office JPAR San Antonio 1846 N loop 1604 W, Frisco, TX

Listing date May 3, 2026

MLS# 1839460 Listing URL

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

Local 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 (±1% cap)
NOI $23,204 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$294.2K
$257.4K – $343.2K (±1% cap)
NOI $20,593 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$514.2K
$450.0K – $600.0K (±1% cap)
NOI $35,997 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Dental Office HVAC Service (Bike/Boat/Book/etc) Store Pet Grooming Service Butcher (Bike/Boat/Book/etc) Store Acupuncture (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

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
Contact an agent
More about this property
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