#1862247, Dominique Jimenez, Listing Office: Real Broker, LLC
2531 Observation San Antonio, TX 78227
Property details
About 2531 Observation
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.
Highlights
(New)
Summary
- Appliances: Oven, Stove, Refrigerator
- Flooring Type: Laminate
- Parking: Pad, Pad, Pad, Pad
- Exterior: Covered Patio, Level
- Heating: Central, Electric
- Cooling: Central Air
- List Price: $480,000
- Price/SqFt: $160
- Directions: Hwy 90 W to Hwy 410 N, exit 410 N to Access Road to Glider Ave and Observation Dr
- Year Built: 1944
- Living Area: 3,000 SqFt
- Lot Size: 0.223 Acres
- MLS Number: 1862272
- 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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$480,000
2531 Observation
$5,700
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
0.6 mi
•2015 SW Loop 410
1
Lighthouse Charter School
Public Charter PK-1
0.7 mi
•2718 Frontier Dr
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. Most San Antonio, TX residents have annual incomes less than $<35k. Typical family type 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 2531 Observation in San Antonio, TX and zip code 78227 in the Lackland Terrace neighborhood. This 3,000 square foot home, which was built in 1944, sits on a 0.22 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since April 29, 2025 and is currently priced at $480,000.
Over 181 listings were sold over their listed price in March 2025 in San Antonio, TX. In the same period over 646 listings were sold below the listed price and 289 listings were sold for the listed price. 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.