Two-Unit Residential
New
For Sale
$275,000
8420 Forest Ridge Dr, San Antonio, TX 78239
One residence is vacant, while both units offer private fenced yards.
Property Size2,326 SF
Price / SF$118.23
Days on Market6
Property Features for 8420 Forest Ridge Dr
General Information
Standard status
Active
Size
2,326 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Northeast
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,193
Amenities
vaulted living room ceilings
ceramic tile flooring
open kitchen
dining area
living area
utility rooms with washer and dryer connections
privately fenced backyards
Listing Agency:
Keller Williams City-View
(210) 696-9996
Listed By:
Tyler Willmann · License #553857
(210) 415-1404
Source:
Exprealty
Added: Oct 27
Changed: Oct 31
Last Checked: Nov 1 at 11:29AM
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 Keller Williams City-View
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Investment Insights
Based on property information with market context.
This duplex contains two residences, each with three bedrooms and two full bathrooms. Both feature vaulted ceilings in the living rooms, ceramic tile floors, and an open arrangement connecting the kitchen, dining area, and living space. Each also has a utility room with washer and dryer connections and a fenced backyard.
One unit is vacant. The HVAC system in unit 8422 was installed in 2016.
One unit is vacant. The HVAC system in unit 8422 was installed in 2016.
Key Highlights
- Two units, each with 3 bedrooms and 2 full baths
- One unit is vacant
- Vaulted living room ceilings in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,760
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,200
$475.2K
Cap Rate 7%
$339,429
$339.4K
Cap Rate 9%
$264,000
$264.0K
Market Conditions
NOI Build-Up for 2,326 SF
Gross rent
$46.1K $19.80/SF
− Vacancy
−$2.9K −$1.23/SF
EGI
$43.2K $18.57/SF
− OpEx
−$19.4K −$8.36/SF
NOI
$23.8K $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 Rate 5%
$475,200
Cap Rate 7%
$339,429
Cap Rate 9%
$264,000
Alternative Uses
Best Use
Multifamily LT 5
$382.5K
$334.7K – $446.2K
NOI $26,772 @ 7.0% cap · market cap 9.74%
Second Best
Apartment 5plus
$339.4K
$297.0K – $396.0K
NOI $23,760 @ 7.0% cap · market cap 8.64%
Theoretical Best
Office A
$593.3K
$519.2K – $692.2K
NOI $41,533 @ 7.0% cap · market cap 15.10%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
78
Businesses Nearby
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Business Placement
Demographics for 78239, TX
31,554
Population
10,639
Households
3
Avg Household Size
38
Median Age
27%
College-Educated
90%
High-School Grad
6.4 sq mi
ZIP Area
4,930
Density / Sq Mi
$71,455
Median Household Income
$36,235
Median Earnings
$1,401
Median Rent
$215,600
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 - One residence is vacant, while both units offer private fenced yards.
Where is this duplex located?
The property is located at 8420 Forest Ridge Dr San Antonio, TX.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 full baths; One unit is vacant; Vaulted living room ceilings in both units
