Two-Unit
For Sale
$280,000
768 Avondale #3, San Antonio, TX 78223
Multi-Family (2-8 Units), San Antonio, TX
Property Size2,000 SF
Price / SF$140
Days on Market9
Property Features for 768 Avondale #3
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-4
Elementary school
Call District
Middle school
Call District
High school
Call District
Elementary school district
San Antonio I.S.D.
Middle school district
San Antonio I.S.D.
High school district
San Antonio I.S.D.
Subdivision
1900
Standard status
Active
Size
2,000 SF
Taxes and HOA fees
Tax Annual Amount
7680
Building Details
Year built
2006
Listing Agency:
Premier Realty Group Platinum
(210) 641-1400
Listed By:
James Momone
(210) 493-3030
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 17 at 4:06PM
MLS# 2022636
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.
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Investment Insights
Based on property information with market context.
Built in 2006, this duplex contains two units with a combined area of 2,000 square feet. The listing specifies a 3-bedroom, 1.5-bathroom configuration and R-4 zoning.
Three other properties described as identical are also being offered for sale next door. Shopping and downtown San Antonio are a short drive away, and the property is within SAISD.
Three other properties described as identical are also being offered for sale next door. Shopping and downtown San Antonio are a short drive away, and the property is within SAISD.
Key Highlights
- Two residential units in a 2,000‑square‑foot property
- 3‑bedroom, 1.5‑bathroom configuration
- Built in 2006
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,525
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,500
$410.5K
Cap Rate 7%
$293,214
$293.2K
Cap Rate 9%
$228,056
$228.1K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$32.4K $16.20/SF
− Vacancy
−$3.1K −$1.54/SF
EGI
$29.3K $14.66/SF
− OpEx
−$8.8K −$4.40/SF
NOI
$20.5K $10.26/SF
Area
ZIP 78223
Vacancy
9.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,500
Cap Rate 7%
$293,214
Cap Rate 9%
$228,056
Alternative Uses
Best Use
Multifamily LT 5
$293.2K
$256.6K – $342.1K
NOI $20,525 @ 7.0% cap · market cap 7.33%
Second Best
Apartment 5plus
$254.6K
$222.8K – $297.0K
NOI $17,820 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$481.0K
$420.8K – $561.1K
NOI $33,667 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
493
Businesses Nearby
Explore this area
Business Placement
Demographics for 78223, TX
55,705
Population
22,278
Households
2.5
Avg Household Size
35
Median Age
12%
College-Educated
78%
High-School Grad
40.9 sq mi
ZIP Area
1,362
Density / Sq Mi
$50,352
Median Household Income
$33,762
Median Earnings
$1,054
Median Rent
$156,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The property includes two residential units and carries R-4 zoning.
Where is this duplex located?
The property is located at 768 Avondale #3 San Antonio, TX.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Two residential units in a 2,000‑square‑foot property; 3‑bedroom, 1.5‑bathroom configuration; Built in 2006
