Gated Duplex
For Sale
$408,990
7224 Magnolia Creek, San Antonio, TX 78252
Multi-Family (2-8 Units), San Antonio, TX
Property Size2,526 SF
Price / SF$161.91
Days on Market47
Property Features for 7224 Magnolia Creek
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Elementary school
Southwest
Middle school
Southwest
High school
Southwest
Elementary school district
Southwest I.S.D.
Middle school district
Southwest I.S.D.
High school district
Southwest I.S.D.
Subdivision
2304
Standard status
Active
Size
2,526 SF
Taxes and HOA fees
Tax Annual Amount
0
HOA Fee
$1,000 Annually
Utilities
Cooling system
Central Air
Amenities
gated community
private parks
Building Details
Year built
2026
Listing Agency:
Exquisite Properties, LLC
(210) 494-1695
Listed By:
Marie Crabb
(210) 494-1695
Added: Jul 14
Changed: Aug 28
Last Checked: Aug 29 at 11:06PM
MLS# 1999937
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 under-construction duplex property is scheduled for completion in 2026 and contains 2,526 square feet. Each building has two residential units, with layouts offering either 3 bedrooms and 2 baths or 2 bedrooms and 2 baths. Interior features include premium vinyl plank flooring, stainless steel appliances, and central air. A 1-2-10 warranty is included.
The property is part of Magnolia Village North, a gated community with two private parks. HOA services include front-lawn mowing. The community is located at 7224 Magnolia Creek in San Antonio, near 1604 West and 90 West. The surrounding employment area includes Joint Base Lackland, USAA, Citibank, American Funds, Valero, UTSA, Six Flags, Marathon Petroleum, Microsoft, and data centers near Highway 151.
The property is part of Magnolia Village North, a gated community with two private parks. HOA services include front-lawn mowing. The community is located at 7224 Magnolia Creek in San Antonio, near 1604 West and 90 West. The surrounding employment area includes Joint Base Lackland, USAA, Citibank, American Funds, Valero, UTSA, Six Flags, Marathon Petroleum, Microsoft, and data centers near Highway 151.
Key Highlights
- 2,526‑square‑foot duplex property under construction with 2026 completion
- Two units per building with either 3 bedrooms/2 baths or 2 bedrooms/2 baths
- Magnolia Village North is a gated community with two private parks
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
$29,075
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
7.11%
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%
$581,500
$581.5K
Cap Rate 7%
$415,357
$415.4K
Cap Rate 9%
$323,056
$323.1K
Market Conditions
NOI Build-Up for 2,526 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
$44.0K $17.40/SF
− Vacancy
−$2.4K −$0.96/SF
EGI
$41.5K $16.44/SF
− OpEx
−$12.5K −$4.93/SF
NOI
$29.1K $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%
$581,500
Cap Rate 7%
$415,357
Cap Rate 9%
$323,056
Alternative Uses
Best Use
Multifamily LT 5
$415.4K
$363.4K – $484.6K
NOI $29,075 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$368.6K
$322.5K – $430.1K
NOI $25,803 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$644.3K
$563.8K – $751.7K
NOI $45,104 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Explore this area
Business Placement
Demographics for 78252, TX
17,156
Population
5,943
Households
2.9
Avg Household Size
30
Median Age
19%
College-Educated
80%
High-School Grad
28.1 sq mi
ZIP Area
611
Density / Sq Mi
$79,635
Median Household Income
$45,526
Median Earnings
$1,825
Median Rent
$242,000
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 - Under-construction duplexes offer private parks, central air, premium finishes, and stainless steel appliances.
Where is this duplex located?
The property is located at 7224 Magnolia Creek San Antonio, TX.
What is the asking price?
The asking price for this property is $408,990.
What are key features of this property?
This property features: 2,526‑square‑foot duplex property under construction with 2026 completion; Two units per building with either 3 bedrooms/2 baths or 2 bedrooms/2 baths; Magnolia Village North is a gated community with two private parks
