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Duplex Property with Development Potential
For Sale
$599,999

903 Dawson, San Antonio, TX 78202

Residential income property with multi-street access and additional room for future duplex construction.

Property Size4,160 SF
Lot Size0.20 Acres
Price / SF$144.23
Days on Market67

Property Features for 903 Dawson

General Information

Standard status Active
Size 4,160 SF
Lot size 0.20 Acres
Property subtype Multi-Family

Additional Details

Road Access Yes
Multifamily Units 2

Building Details

Year Built 2006
Listing Agency: Keller Williams Heritage
Listed By: Scott Malouff · License #658231
Source: Shebaramos
Added: Aug 2 Changed: Sep 13 Last Checked: Oct 5 at 9:08PM

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 Heritage

Investment Insights

Based on property information with market context.

This duplex property includes approximately 0.2 acres and 4,160 square feet of existing improvements constructed in 2006. The property information identifies two total units, with additional capacity described for duplex construction at the rear of the site.

Access is available from Gorman, Pine, and Dawson, providing multiple points of entry across the property. The asset is located in Dignowity Hill, near downtown San Antonio and the downtown skyline. Existing residential improvements, a multi-street configuration, and the stated potential for additional duplex development define the property's current profile.

Key Highlights

  • Approximately 0.2‑acre duplex property in Dignowity Hill
  • 4,160 square feet of existing improvements
  • Two total units identified in the property information

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$47,882
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$957,640 $957.6K
Cap Rate 7%
$684,029 $684.0K
Cap Rate 9%
$532,022 $532.0K
Market Conditions
NOI Build-Up for 4,160 SF
Gross rent
$72.4K $17.40/SF
− Vacancy
−$4.0K −$0.96/SF
EGI
$68.4K $16.44/SF
− OpEx
−$20.5K −$4.93/SF
NOI
$47.9K $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 Rate 5%
$957,640
Cap Rate 7%
$684,029
Cap Rate 9%
$532,022

Alternative Uses

Best Use
Multifamily LT 5
$684.0K
$598.5K – $798.0K (±1% cap)
NOI $47,882 @ 7.0% cap · market cap 7.98%
Second Best
Apartment 5plus
$607.1K
$531.2K – $708.2K (±1% cap)
NOI $42,494 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$1.06M
$928.5K – $1.24M (±1% cap)
NOI $74,280 @ 7.0% cap · market cap 12.38%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office Skin Care Clinic (Bike/Boat/Book/etc) Store Veterinary Clinic Pet Grooming Service Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,002
Businesses Nearby

Demographics for 78202, TX

11,422
Population
5,288
Households
2.2
Avg Household Size
34
Median Age
26%
College-Educated
77%
High-School Grad
2.3 sq mi
ZIP Area
4,966
Density / Sq Mi
$43,708
Median Household Income
$36,390
Median Earnings
$1,218
Median Rent
$223,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Residential income property with multi-street access and additional room for future duplex construction.
Where is this duplex located?
The property is located at 903 Dawson San Antonio, TX.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: Approximately 0.2‑acre duplex property in Dignowity Hill; 4,160 square feet of existing improvements; Two total units identified in the property information
More about this property
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