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For sale
  • $480,000

    2531 Observation, San Antonio, TX 78227

    8beds
    3,000sqft
    : 
    Multi Family
    Built in 1944
    -- sqft lot
    $453,700 Zestimate®
    $160/sqft
    $-- HOA

    What's special

    Positive cash flow! This fully renovated quadplex presents a rare turnkey investment opportunity located near Lackland Air Force Base, SeaWorld San Antonio and many major employers, ensuring strong rental demand. The property underwent a complete down-to-the-studs renovation in 2023, featuring a new foundation, new roof, updated PEX plumbing and drain lines, all-new electrical systems, new drywall, new windows, doors, and modern finishes throughout. Every major system has been replaced, offering investors a truly low-maintenance asset for years to come. This property provides immediate in-place cash flow with significant upside potential through lease-up and rental rate optimization. Zoned R-6 with modern construction standards and minimal deferred maintenance, this property is ideal for investors seeking turnkey cash flow with long-term appreciation potential. The combination of a full renovation, prime location, and partial occupancy offers a compelling value-add opportunity for both buy-and-hold and cash flow-focused investors.
    55 days
    on Zillow
    |
    230
    |
    13
    |

    Zillow last checked: 7 hours ago

    Listing updated: June 19, 2025 at 03:42pm

    Listed by:

    Dominique Jimenez TREC #577284 (210) 800-5525,

    Real Broker, LLC

    Source: SABOR,MLS#: 1862272MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 2531 Observation.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Window Unit, Electric
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Included: Oven, Refrigerator, Oven/Stove
    Features
    • Flooring: Laminate
    Interior area
    • Total structure area: 3,000
    • Total interior livable area: 3,000 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: Parking Pad, Pad
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Covered
    Lot
    • Size: 9,713.88 Square Feet
    • Features: Level
    Details
    • Parcel number: 155070090110
    • Zoning description: R-6

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Siding
    • Roof: Composition
    Condition
    • Year built: 1944

    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: $160/sqft
    • Tax assessed value: $214,110
    • Annual tax amount: $4,902
    • Price range: $480K - $480K
    • Date on market: 4/29/2025
    • Listing terms: Conventional,FHA,VA Loan,Cash,Investors OK
    • Total actual rent: 5400
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