#1830639, Danette Wagnon, Listing Office: LPT Realty, LLC
2004 Monterey St San Antonio, TX 78207
Property details
About 2004 Monterey St
Investors rejoice and welcome to 2004 Monterey St., a beautifully renovated four-unit multifamily home nestled in the heart of San Antonio! This property seamlessly blends modern upgrades with historic charm, making it an exceptional investment opportunity at unbelievable investment potential and growth! Property Features: Unit Configurations: Units 1, 3, and 4: Each offers 2 bedrooms and 1 bathroom, catering to small families or roommates. Unit 2: Features 1 bedroom and 1 bathroom, ideal for singles or couples. Boasting With Recent Upgrades: Electrical: Completely updated wiring with individual meters for each unit & an additional meter for common areas. All outlets and switches are new, with city permits approved by CPS. Plumbing: New connections to the drainage system, brand-new faucets in showers, kitchens, and sinks, plus washer and dryer hookups in all units. Two new water heaters service the entire property. Foundation: Concrete pillars installed with successful city inspection, ensuring structural integrity. Roof: Updated with durable asphalt shingles. Interior: New drywall throughout, including fire-rated drywall on shared walls per city regulations. Fresh paint with an orange peel texture enhances the interior. Kitchens: Equipped with new cabinets, butcher block countertops, sinks, faucets, and microwaves with built-in extractors. Flooring: Laminate flooring installed throughout, with waterproof flooring in bathrooms. Bathrooms: Each features a new toilet, sink, and tiled shower walls. Doors and Windows: All doors are new. Due to the property's historic status, select windows were approved for replacement. Climate Control: Industrial ceiling fans and mini-split systems installed for efficient heating and cooling. Insulation: New insulation added to walls and ceilings, enhancing energy efficiency. Porch: A concrete porch constructed at the front, aligned with historical society approvals. Investment Highlights: Occupancy: Three units are currently occupied, with one unit available for immediate tenancy, offering the potential to maximize rental income. Rental Income Potential: Fully occupied, the property can generate a total monthly rental income of $4,700, equating to $56,400 annually. Actual Income: With one unit vacant, the current gross annual income is $42,300 ($3,525/month from three units). Cap Rate Analysis: Pro Forma Cap Rate (Fully Occupied): Based on the full rental potential of $56,400 annually, the cap rate is an impressive 11.28%. Actual Cap Rate (With One Vacancy): Considering the current income of $42,300 annually, the cap rate is 8.46%. Listing Price: Offered at $500,000, this property presents a compelling investment with strong cash flow potential and opportunities to increase returns as occupancy stabilizes. Market Insights: Neighborhood Highlights: Situated in the vibrant Avenida Guadalupe neighborhood, residents enjoy proximity to parks such as Vidaurri Park, Woodlawn Park, Elmendorf Lake Park, and Cassiano Park, offering ample green spaces for outdoor activities. The area is well-served by public transportation and is within walking distance to shopping centers and grocery stores, providing daily conveniences for tenants. This property not only offers a stable investment but also the opportunity to enhance value over time, making it a smart choice for both savvy investors and beginner investors alike. Rejoice in the fact that majority of capital expenditures have already been taken care of and addressed!
Highlights
Summary
- MLS Number: 1836174
- Office Name: eXp Realty
- Office Phone: (210) 998-7733
- Office Email: realtorannag@gmail.com
- Listing Agent: Anna Ghalumian
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the San Antonio Board of Realtors. Real estate listings held by brokerage firms are indicated by detailed information about them such as the name of the listing firms. © 2025 San Antonio Board of Realtors®. All Rights Reserved.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Properties subject to prior sale, change, withdrawal or rental. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Texas Real Estate Commission Consumer Protection Notice
Texas Real Estate Commission Information About Brokerage Service
Last updated on: 3/14/2025, 5:21:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹

$500,000
2004 Monterey St
$5,938
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
Year | Assessment | Property Tax |
---|---|---|
2024 | $420,080 | $2,924 |
2023 | $117,310 | $3,823 |
2022 | $141,100 | $3,823 |
2021 | $113,970 | $6,034 |
2020 | $103,250 | $2,896 |
2019 | $212,910 | $5,429 |
2018 | $189,440 | $5,429 |
2017 | $178,950 | $5,077 |
History based on county public records data.
Nearby schools
3
Lorenzo De Zavala Elementary School
Public District PK-5
0.3 mi
•2311 San Luis St
2
J T Brackenridge Elementary School
Public District PK-5
0.6 mi
•1214 Guadalupe St
3
David Barkley/Francisco Ruiz Elementary School
Public Charter PK-5
0.7 mi
•1111 S Navidad St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $33,721. Most San Antonio, TX residents have annual incomes less than $<35k. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.
Similar homes for sale
This home is located at 2004 Monterey St in San Antonio, TX and zip code 78207 in the Avenida Guadalupe neighborhood. This 4,708 square foot home, which was built in 1930, sits on a 0.39 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since January 21, 2025 and is currently priced at $500,000.
In February 2025 more than 124 listings in San Antonio, TX were sold above the asking price. During the same period more than 229 listings were sold at asking price, while more than 592 were sold below. In February 2025 in San Antonio, TX there were 10.8% more homes for sale than in January. The median list price of listings available in February 2025 was $297,532, while the average time on the real estate market was 87 days.