This fully vacant, turnkey 17-unit property with a dedicated laundry facility has just completed a full down-to-the-studs renovation in 2025. Upgrades include a brand-new foundation, roof, plumbing, electrical, and drywall-offering investors a modern, low-maintenance asset ready for immediate lease-up. Located minutes from Lackland Air Force Base and SeaWorld, the property sits in a high-demand rental corridor with strong tenant drivers. With no deferred maintenance and all major systems replaced, this is an ideal buy-and-hold or value-add opportunity with significant cash flow and appreciation potential.
For sale
$1,950,000
2706 Observation, San Antonio, TX 78227
16beds
13,295sqft
Est.:
Multi Family
Built in 1945
-- sqft lot
$1,746,400 Zestimate®
$147/sqft
$-- HOA
What's special
Full down-to-the-studs renovationDedicated laundry facilityBrand-new foundation
- 43 days
- on Zillow |
- 249 |
- 15 |
Zillow last checked: 7 hours ago
Listing updated: May 16, 2025 at 12:07am
Listed by:
Dominique Jimenez TREC #577284 (210) 800-5525,
Real Broker, LLC
Source: SABOR,MLS#: 1864075

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Window Unit, Electric
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Oven, Refrigerator, Oven/Stove
Features
- Flooring: Laminate
Interior area
- Total structure area: 13,295
- Total interior livable area: 13,295 sqft
Property
Parking
- Total spaces: 16
- Parking features: Parking Pad, Pad
Features
- Levels: One
- Patio & porch: Covered
Lot
- Size: 1.09 Acres
- Features: Level
Details
- Parcel number: 155130030050
- Zoning description: R-6
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Siding
- Roof: Composition
Condition
- Year built: 1945
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: $147/sqft
- Tax assessed value: $1,046,850
- Annual tax amount: $23,970
- Price range: $2M - $2M
- Date on market: 5/6/2025
- Listing terms: Conventional,Cash,Investors OK
- Total actual rent: 9100
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