This fully renovated duplex offers a prime turnkey investment opportunity in a high-demand rental market, located near Lackland Air Force Base and SeaWorld San Antonio. The property underwent a comprehensive down-to-the-studs rehab in 2023, including a new foundation, new roof, updated PEX plumbing and drain lines, new electrical systems, and new drywall. Every unit features new windows, doors, and modern finishes, offering tenants a high-quality living space with minimal maintenance required. The duplex is currently fully occupied, providing immediate and stable cash flow. Each unit is separately metered for utilities, with tenants responsible for their own utility costs, offering an efficient, low-maintenance ownership structure. Zoned R-6, the property benefits from flexible residential zoning, ensuring long-term value appreciation. Located in a desirable rental corridor with proximity to major employers such as Lackland AFB and SeaWorld, the asset boasts strong tenant demand, ensuring consistent occupancy. With all major systems updated and a fully rehabbed structure, this property is an ideal acquisition for investors seeking reliable cash flow and long-term asset growth.
Under contract
$280,000
2523 Observation, San Antonio, TX 78227
6beds
2,798sqft
Est.:
Multi Family
Built in 1943
-- sqft lot
$-- Zestimate®
$100/sqft
$-- HOA
What's special
Modern finishesNew windowsHigh-quality living space
- 32 days
- on Zillow |
- 846 |
- 66 |
Zillow last checked: 7 hours ago
Listing updated: May 16, 2025 at 01:22pm
Listed by:
Dominique Jimenez TREC #577284 (210) 800-5525,
Real Broker, LLC
Source: SABOR,MLS#: 1862242

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Window Unit, Electric
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Oven, Refrigerator, Oven/Stove
- Laundry: Washer Hookup, Dryer Connection, Washer Connection
Features
- Flooring: Laminate
Interior area
- Total structure area: 2,798
- Total interior livable area: 2,798 sqft
Property
Parking
- Total spaces: 4
- Parking features: Parking Pad, Pad
Features
- Levels: One
- Patio & porch: Covered
Lot
- Size: 9,801 Square Feet
- Features: Level
Details
- Parcel number: 155070090100
- Zoning description: R-6
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Siding
- Roof: Composition
Condition
- Year built: 1943
Utilities & green energy
- Electric: Separate Electric Meter(s)
- Gas: Separate Gas Meter(s)
- Water: Separate Water Meter(s)
Community & HOA
Community
- Subdivision: Lackland Terrace
Location
- Region: San Antonio
Financial & listing details
- Price per square foot: $100/sqft
- Tax assessed value: $148,460
- Annual tax amount: $3,399
- Price range: $280K - $280K
- Date on market: 4/29/2025
- Listing terms: Conventional,Cash,Investors OK
- Total actual rent: 2600
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