Two-Unit Duplex with
For Sale
$240,000
7018 Silver Canyon, San Antonio, TX 78244
Multi-Family (2-8 Units), San Antonio, TX
Property Size1,932 SF
Lot Size0.14 Acres
Price / SF$124.22
Days on Market72
Property Features for 7018 Silver Canyon
General Information
Property type
Residential Multi Family
Property subtype
Other
Elementary school
Woodlake
Middle school
Metzger
High school
Judson
Elementary school district
Judson
Middle school district
Judson
High school district
Judson
Subdivision
1700
Standard status
Active
Size
1,932 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
4452
Utilities
Cooling system
Central Air
Building Details
Year built
1984
Listing Agency:
Doerr Realty
(210) 826-3134
Listed By:
Michelle Doerr
(210) 826-3134
Added: Jun 13
Changed: Aug 19
Last Checked: Aug 23 at 11:06AM
MLS# 1936300
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 two-unit duplex offers two bedrooms and one bathroom per side, with a layout designed to keep living spaces separate while allowing shared property management. Both units feature high ceilings and a cozy fireplace, along with a one-car garage and washer and dryer hookups. The property also includes a fenced backyard for each unit.
Recent updates include fresh interior wall paint and updated flooring throughout. Unit 1 (left side) was renovated in 2025 with new interior paint, updated kitchen countertops, a new bathroom vanity, and vinyl flooring. Unit 2 received fresh interior paint in January 2026, with flooring updated in 2023.
Unit 1 is currently seller occupied, while Unit 2 was recently vacated. The duplex will be delivered vacant at closing, creating flexibility for an owner-occupant or an investor seeking immediate possession. The property is being sold as-is and may require repairs, and the seller will not consider subject-to-offers terms.
Recent updates include fresh interior wall paint and updated flooring throughout. Unit 1 (left side) was renovated in 2025 with new interior paint, updated kitchen countertops, a new bathroom vanity, and vinyl flooring. Unit 2 received fresh interior paint in January 2026, with flooring updated in 2023.
Unit 1 is currently seller occupied, while Unit 2 was recently vacated. The duplex will be delivered vacant at closing, creating flexibility for an owner-occupant or an investor seeking immediate possession. The property is being sold as-is and may require repairs, and the seller will not consider subject-to-offers terms.
Key Highlights
- Two‑unit duplex built in 1984, with central air and a one‑car garage plus washer/dryer hookups for each unit
- Each unit has 2 bedrooms and 1 bath, plus high ceilings, a cozy fireplace, and a fenced backyard
- Unit 1 renovated in 2025 with fresh interior paint, updated kitchen countertops, a new bathroom vanity, and new vinyl flooring
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
$19,735
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
8.22%
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%
$394,700
$394.7K
Cap Rate 7%
$281,929
$281.9K
Cap Rate 9%
$219,278
$219.3K
Market Conditions
NOI Build-Up for 1,932 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
$38.3K $19.80/SF
− Vacancy
−$2.4K −$1.23/SF
EGI
$35.9K $18.57/SF
− OpEx
−$16.1K −$8.36/SF
NOI
$19.7K $10.21/SF
Area
San Antonio, TX
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
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%
$394,700
Cap Rate 7%
$281,929
Cap Rate 9%
$219,278
Alternative Uses
Best Use
Multifamily LT 5
$317.7K
$278.0K – $370.6K
NOI $22,238 @ 7.0% cap · market cap 9.27%
Second Best
Apartment 5plus
$281.9K
$246.7K – $328.9K
NOI $19,735 @ 7.0% cap · market cap 8.22%
Theoretical Best
Office A
$492.8K
$431.2K – $575.0K
NOI $34,497 @ 7.0% cap · market cap 14.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
380
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
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 - Recently updated two-unit duplex with fenced backyards, offering flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 7018 Silver Canyon San Antonio, TX.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1984, with central air and a one‑car garage plus washer/dryer hookups for each unit; Each unit has 2 bedrooms and 1 bath, plus high ceilings, a cozy fireplace, and a fenced backyard; Unit 1 renovated in 2025 with fresh interior paint, updated kitchen countertops, a new bathroom vanity, and new vinyl flooring
