Tenant-Occupied Duplex
For Sale
$348,500
6927-6931 Hallie Ridge, San Antonio, TX 78227
Well-maintained duplex with two spacious 3-bedroom, 2-bath units currently tenant-occupied.
Property Size2,624 SF
Price / SF$132.81
Days on Market265
Property Features for 6927-6931 Hallie Ridge
General Information
Standard status
Active
Size
2,624 SF
Property subtype
Multi-Family / One Story
Occupancy
100%
Net Operating Income
$13,476
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,618
Amenities
Ceramic Tile
Composition
Slab
Conventional, FHA, VA, Cash, Investors OK
Park/Playground
Building Details
Year Built
2007
Tenancy
Multi
Listing Agency:
eXp Realty
Listed By:
Mollie Esparza
(210) 995-3531
Source:
Compass
Added: Dec 15, 2025
Changed: Aug 8
Last Checked: Jul 22 at 10:12AM
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 well-maintained duplex at 6927–6931 Hallie Ridge offers two tenant-occupied units with functional layouts. Each unit is configured with 3 bedrooms and 2 full bathrooms and is described as having spacious interior space.
The property is positioned for everyday convenience, with access to major roadways and proximity to shopping, dining, and employment centers. Both units are currently occupied, providing immediate rental income for the next owner.
The listing also highlights an existing VA assumable loan at a 2.75% interest rate for qualified buyers, which may be relevant in financing planning. The property is presented as suitable for investors seeking stable, income-producing real estate or owner-occupants interested in living in one unit while renting the other.
The property is positioned for everyday convenience, with access to major roadways and proximity to shopping, dining, and employment centers. Both units are currently occupied, providing immediate rental income for the next owner.
The listing also highlights an existing VA assumable loan at a 2.75% interest rate for qualified buyers, which may be relevant in financing planning. The property is presented as suitable for investors seeking stable, income-producing real estate or owner-occupants interested in living in one unit while renting the other.
Key Highlights
- Well‑maintained duplex at 6827 & 6931 Hallie Ridge, San Antonio, TX 78227
- 2 units total; each unit offers 1,312 SF with 3 bedrooms and 2 full bathrooms
- Both units are currently tenant‑occupied for immediate rental income
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
$30,203
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
8.67%
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%
$604,060
$604.1K
Cap Rate 7%
$431,471
$431.5K
Cap Rate 9%
$335,589
$335.6K
Market Conditions
NOI Build-Up for 2,624 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
$45.7K $17.40/SF
− Vacancy
−$2.5K −$0.96/SF
EGI
$43.1K $16.44/SF
− OpEx
−$12.9K −$4.93/SF
NOI
$30.2K $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%
$604,060
Cap Rate 7%
$431,471
Cap Rate 9%
$335,589
Alternative Uses
Best Use
Multifamily LT 5
$431.5K
$377.5K – $503.4K
NOI $30,203 @ 7.0% cap · market cap 8.67%
Second Best
Apartment 5plus
$382.9K
$335.1K – $446.7K
NOI $26,804 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$669.3K
$585.7K – $780.9K
NOI $46,854 @ 7.0% cap · market cap 13.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
166
Businesses Nearby
Explore this area
Business Placement
Demographics for 78227, TX
46,594
Population
16,008
Households
2.9
Avg Household Size
33
Median Age
10%
College-Educated
77%
High-School Grad
19.1 sq mi
ZIP Area
2,439
Density / Sq Mi
$48,049
Median Household Income
$28,857
Median Earnings
$1,112
Median Rent
$151,300
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 with two spacious 3-bedroom, 2-bath units currently tenant-occupied.
Where is this duplex located?
The property is located at 6927-6931 Hallie Ridge San Antonio, TX.
What is the asking price?
The asking price for this property is $348,500.
What are key features of this property?
This property features: Well‑maintained duplex at 6827 & 6931 Hallie Ridge, San Antonio, TX 78227; 2 units total; each unit offers 1,312 SF with 3 bedrooms and 2 full bathrooms; Both units are currently tenant‑occupied for immediate rental income
