This fully renovated triplex presents a rare, turnkey investment opportunity in a high-demand rental market near Lackland Air Force Base, SeaWorld and many major employers. Renovated in 2023 with a full down-to-the-studs rehabilitation, this property offers peace of mind for investors seeking stable cash flow and long-term value. Major capital improvements include a brand-new foundation, new roof, complete PEX plumbing and new drain lines, all-new electrical systems, new drywall, energy-efficient windows, doors, and modern finishes throughout. The property is zoned R-6 and consists of three units, two of which are currently occupied, providing immediate income with room to increase future returns once fully stabilized. With all major systems updated, this asset offers a true turnkey investment with minimal immediate capital expenditures required. Ideal for investors seeking a blend of strong cash flow, future upside potential, and asset appreciation.
For sale
$360,000
2527 Observation, San Antonio, TX 78227
6beds
1,965sqft
Est.:
Multi Family
Built in 2022
-- sqft lot
$353,200 Zestimate®
$183/sqft
$-- HOA
What's special
- 26 days
- on Zillow |
- 444 |
- 46 |
Zillow last checked: 7 hours ago
Listing updated: May 15, 2025 at 03:05pm
Listed by:
Dominique Jimenez TREC #577284 (210) 800-5525,
Real Broker, LLC
Source: SABOR,MLS#: 1862247

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Window Unit, Electric
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Oven, Refrigerator, Oven/Stove
Features
- Flooring: Laminate
Interior area
- Total structure area: 1,965
- Total interior livable area: 1,965 sqft
Property
Parking
- Total spaces: 6
- Parking features: Parking Pad, Pad
Features
- Levels: One
- Patio & porch: Covered
Lot
- Size: 9,713.88 Square Feet
- Features: Level
Details
- Parcel number: 155070090120
- Zoning description: R-6
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Siding
- Roof: Composition
Condition
- Year built: 2022
Utilities & green energy
- Electric: Common Electric Meter(s)
- Gas: Common Gas Meter(s)
- Water: Common Water Meter(s)
Community & HOA
Community
- Subdivision: Lackland Terrace
Location
- Region: San Antonio
Financial & listing details
- Price per square foot: $183/sqft
- Tax assessed value: $157,450
- Annual tax amount: $3,605
- Price range: $360K - $360K
- Date on market: 4/29/2025
- Listing terms: Conventional,FHA,VA Loan,Cash,Investors OK
- Total actual rent: 3900
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