Rare opportunity to acquire a fully renovated 7-unit portfolio-comprised of a triplex and quadplex-located at 2527 and 2531 Observation Dr, just minutes from Lackland AFB, SeaWorld, and major employers. Both properties were taken down to the studs and fully rebuilt in 2023 with new foundations, roofs, PEX plumbing, electrical systems, windows, doors, drywall, and modern finishes. 4/7 units are currently occupied, offering immediate cash flow with upside through full lease-up and rent increases. Both properties are master-metered. Zoned R-6 and located in a high-demand rental area, this low-maintenance portfolio is ideal for investors seeking strong returns and long-term appreciation.
For sale
Price cut: $280K (5/19)
$840,000
25311 Observation, San Antonio, TX 78227
14beds
4,965sqft
Est.:
Multi Family
Built in 1944
-- sqft lot
$-- Zestimate®
$169/sqft
$-- HOA
What's special
Modern finishesPex plumbingElectrical systemsNew foundations
- 40 days
- on Zillow |
- 177 |
- 20 |
Zillow last checked: 7 hours ago
Listing updated: May 30, 2025 at 12:07am
Listed by:
Dominique Jimenez TREC #577284 (210) 800-5525,
Real Broker, LLC
Source: SABOR,MLS#: 1865442

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 7
- Full bathrooms: 7
Heating
- Window Unit, Electric
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Oven, Refrigerator, Oven/Stove
Features
- Flooring: Laminate
Interior area
- Total structure area: 4,965
- Total interior livable area: 4,965 sqft
Property
Parking
- Total spaces: 14
- 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: $169/sqft
- Annual tax amount: $8,507
- Price range: $840K - $840K
- Date on market: 5/9/2025
- Listing terms: Conventional,Cash,Investors OK
- Total actual rent: 9300
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