Two-Story Duplex with
For Sale
$350,000
7002 Lakeview, San Antonio, TX 78244
Multi-Family (2-8 Units), San Antonio, TX
Property Size2,606 SF
Lot Size0.09 Acres
Price / SF$134.31
Days on Market49
Property Features for 7002 Lakeview
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
OCL
Elementary school
Kirby
Middle school
Kirby
High school
Judson
Elementary school district
Judson
Middle school district
Judson
High school district
Judson
Subdivision
1700
Standard status
Active
Size
2,606 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
6600
HOA Fee
$1,440 Annually
Utilities
Cooling system
Central Air
Building Details
Year built
2019
Listing Agency:
Keller Williams City-View · Keller Williams Realty
(210) 696-9996
Listed By:
Charles Gafford
(210) 871-9789
Added: Jul 24
Changed: Aug 20
Last Checked: Sep 10 at 9:06PM
MLS# 2001870
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.
Built in 2019, this duplex contains two separate two-story residences with a combined 2,606 square feet. Each unit includes three bedrooms, two-and-a-half bathrooms, an open main-level plan, granite countertops, an eat-in kitchen, black appliances, and tile flooring on the first floor. Private primary suites feature walk-in closets, while interior laundry areas, fenced backyards, and attached one-car garages add everyday functionality.
One residence is leased, while the other is vacant and ready for occupancy. The property is located in Northeast San Antonio with access to Loop 410 and I-10, along with convenient travel to Fort Sam Houston and Randolph AFB. Shopping and dining are also nearby. Zoning is OCL.
One residence is leased, while the other is vacant and ready for occupancy. The property is located in Northeast San Antonio with access to Loop 410 and I-10, along with convenient travel to Fort Sam Houston and Randolph AFB. Shopping and dining are also nearby. Zoning is OCL.
Key Highlights
- Two‑unit duplex with 2,606 square feet, built in 2019
- Each residence offers 3 bedrooms and 2.5 bathrooms
- Attached one‑car garage and fenced backyard for each unit
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
$29,995
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
8.57%
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%
$599,900
$599.9K
Cap Rate 7%
$428,500
$428.5K
Cap Rate 9%
$333,278
$333.3K
Market Conditions
NOI Build-Up for 2,606 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
$45.3K $17.40/SF
− Vacancy
−$2.5K −$0.96/SF
EGI
$42.9K $16.44/SF
− OpEx
−$12.9K −$4.93/SF
NOI
$30.0K $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%
$599,900
Cap Rate 7%
$428,500
Cap Rate 9%
$333,278
Alternative Uses
Best Use
Multifamily LT 5
$428.5K
$374.9K – $499.9K
NOI $29,995 @ 7.0% cap · market cap 8.57%
Second Best
Apartment 5plus
$380.3K
$332.8K – $443.7K
NOI $26,620 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$664.7K
$581.7K – $775.5K
NOI $46,532 @ 7.0% cap · market cap 13.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
50%
Occupancy
Single-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
Explore this area
Business Placement
Demographics for 78244, TX
35,801
Population
12,978
Households
2.8
Avg Household Size
33
Median Age
24%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
4,773
Density / Sq Mi
$67,789
Median Household Income
$36,788
Median Earnings
$1,552
Median Rent
$195,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - 2019-built residential income property with updated interiors, private outdoor space, and convenient access to Loop 410 and I-10.
Where is this duplex located?
The property is located at 7002 Lakeview San Antonio, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,606 square feet, built in 2019; Each residence offers 3 bedrooms and 2.5 bathrooms; Attached one‑car garage and fenced backyard for each unit
