Discover Your Dream Investment at 1246 Waverly Avenue! Step into a rare opportunity with this stunning triplex, perfectly nestled at the vibrant intersection of Glenmore and Waverly, right in the heart of the enchanting Woodlawn Lake Community. This iconic area, boasting a picturesque lake built in the 1880s, offers not just a home, but a lifestyle! Imagine strolling along scenic walking trails, enjoying sunny days at the dog park, or unwinding at the swimming pool-all just steps from your door. Location couldn't be better-less than 5 minutes from the bustling Riverwalk and the trendy Pearl district, with quick access to the Medical Center. Zoned RM-4-an extraordinary rarity in this sought-after lakeside enclave-this property stands out as a prime investment. With three meticulously rehabbed units (2022) and no HOA to worry about, you'll appreciate the current gross annual income of $85K and an impressive cap rate. Two units are already rented with established leases, while the front unit offers fantastic short- and mid-term rental potential. Plus, with RM-4 zoning, there's room to add a charming tiny house! Included in this incredible package are all furnishings and an inventory of everything you need to hit the ground running. This property is not just a triplex; it's a fantastic investment opportunity waiting for you to seize! Don't miss out-schedule your viewing today and make this gem yours!
For sale
Price cut: $24K (4/17)
$674,000
1246 Waverly, San Antonio, TX 78201
5beds
2,840sqft
Est.:
Multi Family
Built in 1947
-- sqft lot
$-- Zestimate®
$237/sqft
$-- HOA
What's special
Swimming poolMeticulously rehabbed unitsScenic walking trailsDog park
- 235 days
- on Zillow |
- 240 |
- 15 |
Zillow last checked: 7 hours ago
Listing updated: May 03, 2025 at 10:09am
Listed by:
Kathy Clay TREC #453637 (210) 722-1827,
LPT Realty, LLC
Source: SABOR,MLS#: 1813726

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Central, Other, Electric
Cooling
- Two Central, Other
Appliances
- Included: Oven, Dishwasher, Refrigerator, Washer, Dryer, Oven/Stove, Disposal, Stacked Washer/Dryer
Features
- Flooring: Ceramic Tile, Wood, Laminate
- Windows: Double Pane Windows, Window Coverings
- Has basement: No
Interior area
- Total structure area: 2,840
- Total interior livable area: 2,840 sqft
Property
Parking
- Total spaces: 6
- Parking features: Parking Pad, Pad
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio, Covered
Lot
- Size: 9,801 Square Feet
- Residential vegetation: Mature Trees
Details
- Parcel number: 020560160140
- Zoning description: RM-4, NCD-8
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Slab
- Roof: Composition,Metal
Condition
- New construction: No
- Year built: 1947
Utilities & green energy
- Electric: CPS, Separate Electric Meter(s)
- Gas: CPS, Separate Gas Meter(s)
- Sewer: SAWS
- Water: SAWS, Separate Water Meter(s)
Community & HOA
Community
- Features: Detached Quarters
- Security: Security System
- Subdivision: Woodlawn Lake
Location
- Region: San Antonio
Financial & listing details
- Price per square foot: $237/sqft
- Tax assessed value: $271,760
- Annual tax amount: $4,800
- Price range: $674K - $674K
- Date on market: 10/4/2024
- Listing terms: Conventional,FHA,VA Loan,Cash
- Total actual rent: 7115
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