#1862247, Dominique Jimenez, Listing Office: Real Broker, LLC
2523 Observation San Antonio, TX 78227
Property details
About 2523 Observation
This fully renovated duplex offers a prime turnkey investment opportunity in a high-demand rental market, located near Lackland Air Force Base and SeaWorld San Antonio. The property underwent a comprehensive down-to-the-studs rehab in 2023, including a new foundation, new roof, updated PEX plumbing and drain lines, new electrical systems, and new drywall. Every unit features new windows, doors, and modern finishes, offering tenants a high-quality living space with minimal maintenance required. The duplex is currently fully occupied, providing immediate and stable cash flow. Each unit is separately metered for utilities, with tenants responsible for their own utility costs, offering an efficient, low-maintenance ownership structure. Zoned R-6, the property benefits from flexible residential zoning, ensuring long-term value appreciation. Located in a desirable rental corridor with proximity to major employers such as Lackland AFB and SeaWorld, the asset boasts strong tenant demand, ensuring consistent occupancy. With all major systems updated and a fully rehabbed structure, this property is an ideal acquisition for investors seeking reliable cash flow and long-term asset growth.
Highlights
(New)
Summary
- Flooring Type: Laminate
- Parking: Pad, Pad
- Exterior: Covered Patio, Level
- Heating: Central, Electric
- Cooling: Central Air
- List Price: $280,000
- Price/SqFt: $100
- Directions: Hwy 90 W to Hwy 410 N, exit 410 N to Access Road to Glider Ave and Observation Dr
- Year Built: 1943
- Living Area: 2,798 SqFt
- Lot Size: 0.225 Acres
- MLS Number: 1862242
- Office Name: Real Broker, LLC
- Office Phone: (210) 800-5525
- Office Email: dominique.sarealtor@gmail.com
- Listing Agent: Dominique Jimenez
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Last updated on: 5/1/2025, 12:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$280,000
2523 Observation
$3,325
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
3
Westwood Terrace Elementary School
Public District PK-5
0.5 mi
•2315 Hackamore Ln
5
Harmony School of Excellence - San Antonio
Public Charter PK-5
0.5 mi
•2015 SW Loop 410
3
John Glenn Elementary School
Public District EE-5
0.7 mi
•2385 Horal 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 $34,881. Residents of San Antonio, TX typically earn less than $<35k each year. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.
Similar homes for sale
This home is located at 2523 Observation in San Antonio, TX and zip code 78227 in the Lackland Terrace neighborhood. This 2,798 square foot home, which was built in 1943, sits on a 0.23 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since April 29, 2025 and is currently priced at $280,000.
In March 2025 more than 181 listings in San Antonio, TX were sold above the asking price. During the same period more than 289 listings were sold at asking price, while more than 646 were sold below. In March 2025 in San Antonio, TX there were 14.1% more homes for sale than in February. The median list price of listings available in March 2025 was $297,207, while the average time on the real estate market was 85 days.