Two-Unit
For Sale
$280,000
768 Avondale #3, San Antonio, TX 78223
The property has R-4 zoning and a residential configuration with two units.
Property Size2,000 SF
Price / SF$140
Days on Market24
Property Features for 768 Avondale #3
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Multi Family Home
Zoning
R-4
Site & Location
Neighborhood
Hot Wells Mission Reach
Additional Details
Multifamily Units
2
Amenities
Not Applicable/None
Building Details
Building Size
2,000 SF
Year Built
2006
Units
2
Listing Agency:
Premier Realty Group Platinum
(210) 641-1400
Listed By:
James Momone
(210) 861-0989
Source:
Dowdyrealestate
Added: Oct 9
Changed: Oct 29
Last Checked: Oct 29 at 7:25PM
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 Premier Realty Group Platinum
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,000-square-foot duplex was built in 2006 and contains two units. The property is described with a three-bedroom, one-and-a-half-bath configuration and carries R-4 zoning.
Three additional matching properties are also offered for sale nearby. The property is in San Antonio, with shopping and downtown described as minutes away, and is served by SAISD schools.
Three additional matching properties are also offered for sale nearby. The property is in San Antonio, with shopping and downtown described as minutes away, and is served by SAISD schools.
Key Highlights
- Two‑unit duplex totaling 2,000 square feet
- Built in 2006
- Three‑bedroom, one‑and‑a‑half‑bath configuration
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.
How Realmo checks its estimates
Property Analytics
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The property has R-4 zoning and a residential configuration with two units.
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‑unit duplex totaling 2,000 square feet; Built in 2006; Three‑bedroom, one‑and‑a‑half‑bath configuration
