Two-Home Residential Income
703 East Highland Boulevard San Antonio, TX 78210
703 East Highland Boulevard, San Antonio, TX, 78210
$549,900
For Sale
$549,900
Two separate houses on one lot with separate electric and water meters, plus a large carport with an electric gate.
Property Size3,220 SF
Price / SF$170.78
Days on Market167
Property Features for 703 East Highland Boulevard
General Information
- Standard status
- Active
- Size
- 3,220 SF
- Property subtype
- Multi-Family / One Story
Building Details
- Year Built
- 1926
Listing agency
Burney Properties
(210) 787-0988
Listed by
Emma Burney
(210) 787-0988
Source
Compass
Added: Feb 6 Updated: Jul 21 at 8:04PM Checked: Jul 22 at 9:53AM
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 Burney Properties
Investment Insights
Based on property information with market context.
This residential income property consists of two separate houses on one lot. The main house offers 3 bedrooms and 1.5 bathrooms with 2,195 square feet, and includes a huge carport measuring 24 by 30 feet with an electric gate. The second house is located on 1914 S. Pine and features 2 bedrooms and 1 bathroom with 1,025 square feet.
The homes have separate electric meters and separate water meters. The property is part of San Antonio ISD School Choice, which includes Young Women’s Leadership Academy Primary (PK-5). Highland Park Estates is described as an established community.
With two independent residences and shared land, the layout is designed to support flexible use for an owner-occupant or an investor seeking separate utility metering.
The homes have separate electric meters and separate water meters. The property is part of San Antonio ISD School Choice, which includes Young Women’s Leadership Academy Primary (PK-5). Highland Park Estates is described as an established community.
With two independent residences and shared land, the layout is designed to support flexible use for an owner-occupant or an investor seeking separate utility metering.
Key Highlights
- Two separate houses on one lot with separate electric meters and separate water meters
- Main house: 3 bedrooms, 1.5 bathrooms, 2195 SF, wood flooring
- Second house: 2 bedrooms, 1 bathroom, 1025 SF
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 | $56.0k | $17.40 |
| − Vacancy | −$3.1k | −$0.96 |
| EGI | $52.9k | $16.44 |
| − OpEx | −$15.9k | −$4.93 |
| NOI | $37.1k | $11.51 |
3,220 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$529.5K
$463.3K – $617.7K
NOI $37,063 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$469.9K
$411.2K – $548.2K
NOI $32,892 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$821.4K
$718.7K – $958.3K
NOI $57,496 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separate houses on one lot with separate electric and water meters, plus a large carport with an electric gate.
Where is this duplex located?
The property is located at 703 East Highland Boulevard San Antonio, TX.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Two separate houses on one lot with separate electric meters and separate water meters; Main house: 3 bedrooms, 1.5 bathrooms, 2195 SF, wood flooring; Second house: 2 bedrooms, 1 bathroom, 1025 SF
