NO DUPLEX, TRIPLEX, FOURPLEX IN SOME MARKETS IN SAN ANTONIO

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NO DUPLEX, TRIPLEX, FOURPLEX IN SOME MARKETS IN SAN ANTONIO

Jason MalabuteBusiness Member
Accountant · Los Angeles, CA · Member since 2016 · 2k+ posts · 899 votes

Hi All,

One of the markets I am considering is San Antonio (Specifically, Fair Oaks Ranch, Helotes, and North San Antonio -with 78255 zip code). The agent I was talking to said there are no duplex, triplex, or fourplex in those areas. Is this true? If so, why? Do people in those areas prefer to live in SFH?

Thanks,

Jason

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Ryan BlakePro Member
Lender · TX · Member since 2018 · 936 posts · 713 votes
8y

@Jason Malabute A lot of municipalities don't zone for small multifamily anymore. Single Family, Mix Use, and Large Multi-Family have been the trend for residential zoning in Texas over the past 20 years in major metro areas.

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  • Ryan BlakePro Member
    Lender · TX · Member since 2018 · 936 posts · 713 votes
    8y

    @Jason Malabute A lot of municipalities don't zone for small multifamily anymore. Single Family, Mix Use, and Large Multi-Family have been the trend for residential zoning in Texas over the past 20 years in major metro areas.

    [email protected]214-420-7324
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  • Rick Pozos
    Wholesaler, Rehabber and Landlord · San Antonio, TX · Member since 2014 · 2k+ posts · 2k+ votes
    8y

    @Jason Malabute there are no plexes for sale at this time. There are probably not very many in the area, if there are any at all. Most plexes are built in higher density areas. The zip that you are looking in is quite suburban. This is not a high density area. In general developers are not going to build slightly higher density where people are looking for more space. There has been an apartment complex built recently, but it was over 100 units. There is great efficiency when you build a large apartment complex as opposed to 2 to 4 units.

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  • Tanya Lechner
    Realtor · San Antonio, TX · Member since 2017 · 70 posts · 50 votes
    8y

    There is a duplex further up ih10 in Boerne (78006) but nothing in 78255. It's not dense as Rick mentioned so multi units are harder to come by. The best area to find duplex/ triplexes is going to be inside loop 410 closer to downtown. 

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  • Jason MalabuteBusiness Member
    OP
    Accountant · Los Angeles, CA · Member since 2016 · 2k+ posts · 899 votes
    8y
    Originally posted by @Rick Pozos:

    @Jason Malabute there are no plexes for sale at this time. There are probably not very many in the area, if there are any at all. Most plexes are built in higher density areas. The zip that you are looking in is quite suburban. This is not a high density area. In general developers are not going to build slightly higher density where people are looking for more space. There has been an apartment complex built recently, but it was over 100 units. There is great efficiency when you build a large apartment complex as opposed to 2 to 4 units.

     Very interesting. So since I am strictly only interested in 2-4 units should I remove these markets from my potential markets to invest in?

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  • Jason MalabuteBusiness Member
    OP
    Accountant · Los Angeles, CA · Member since 2016 · 2k+ posts · 899 votes
    8y
    Originally posted by @Tanya Lechner:

    There is a duplex further up ih10 in Boerne (78006) but nothing in 78255. It's not dense as Rick mentioned so multi units are harder to come by. The best area to find duplex/ triplexes is going to be inside loop 410 closer to downtown. 

    Thank you, The reason why I initially picked those areas was because of growing population and great school districts. Good to know I can narrow my search further. Thank you again. 

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  • Sterling WilliamsPro Member
    Real Estate Agent · San Antonio, TX · Member since 2017 · 104 posts · 89 votes
    8y
    Originally posted by @Jason Malabute:

    Hi All,

    One of the markets I am considering is San Antonio (Specifically, Fair Oaks Ranch, Helotes, and North San Antonio -with 78255 zip code). The agent I was talking to said there are no duplex, triplex, or fourplex in those areas. Is this true? If so, why? Do people in those areas prefer to live in SFH?

    Thanks,

    Jason

    Jason, 

    There are no properties available in those area's at this time, but there is 2-4 door multifamily in all those general area's. I would look between Culebra and Bandera inside of 1604. Most of these properties will be 1970's and 1980's builds in the 180k-220k range for a duplex. As you go East off of Bandera and Eckhart there is a 2007 development on Kingsbury where I have two listings that are currently active that you may be interested in. 

    New construction duplexes and fourplexes are primarily being built on the NE side of town (Universal City, Converse) with a couple of infill new construction peppered throughout San Antonio. Value Builders and Duplexes of Texas are building new construction duplexes in New Braunfels and Buda TX.  Between three builders there are 200+ duplexes slated to break ground in 2019 on the West/NW side of town around Potranco and 1604 and Hausman and 1604 (*this could change). 

    As far as the Fair Oaks Ranch area, I would go a little further up I-10 to Boerne. This is a great bedroom community with a great school district. There are around 250 small multifamily within Boerne, you just have to have a little patience for them to hit the market. In fact, a fourplex just came on the market in Boerne that you may want to take a look at.      

    There are small multifamily properties all over the San Antonio MSA, you just need to know where to look. Good luck moving forward!

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  • Jason MalabuteBusiness Member
    OP
    Accountant · Los Angeles, CA · Member since 2016 · 2k+ posts · 899 votes
    8y

    Hi Sterling, Thank you for this. Initially before reading your post I already eliminated SA from my potential markets (and focus on Houston). But after reading your post I might look into Boerne again as well. 

    Would you know if there are. any economic anchors in Boerne? 

    Also, would it be possible for you to give me a summary of cash purchases  in Boerne TX in last 3 months ( please separate cash purchases of single family homes and duplex/triplex/ fourplex on 2 separate summary reports)? Thanks

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