$4,275 Closing Credit¹
#1862247, Dominique Jimenez, Listing office: Real Broker, LLC
#1862272·
Listing office: Real Broker, LLC·
Listing agent: Dominique Jimenez·
Listing office phone: (210) 800-5525
$480,000 List price
2531 Observation San Antonio, TX 78227
$5,700
Closing credit¹
3,000 sqft
0.2 acres
$160 / sqft
Multi-Family
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
Home typeMulti Family
HeatingOther, Electric
StatusActive
CoolingWall/Window Unit(s)
Size3,000 sqft
Lot size0.223 Acres
Year built1944
ParkingPad, Pad, Pad, Pad
MLS #1862272
Summary
- Appliances: Oven, Stove, Refrigerator
- Flooring Type: Laminate
- Parking: Pad, Pad, Pad, Pad
- Exterior: Covered Patio, Level
- Heating: Other, Electric
- Cooling: Wall/Window Unit(s)
- 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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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.
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Last updated on: 6/13/2025, 7:45:27 AM 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. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
50%
<35k
50%
35k-100k
0%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
33%
Single, No Kids
22%
Single, with Kids
18%
Married, No Kids
27%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
21%
<11 yrs old
12%
12-17 yrs old
26%
18-34 yrs old
32%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
NHRA Drag Racing
Where do the neighbors shop?
Burlington
Big Lots
Family Dollar
Where do the neighbors go to eat?
Church's Chicken
Popeyes
Golden Corral
What do the neighbors drive?
Chevrolet
Dodge
Kia
What do the neighbors listen to?
Urban Adult Contemporary- Urban Contemporary
Adult Standards
All data provided by Home Junction and Claritas
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Frequently asked questions
About 2531 Observation
The listing price of 2531 Observation property is $480,000.
The property 2531 Observation is a multi located in San Antonio, Texas, 78227.
Active Listing: 2531 Observation is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2531 Observation are: Westwood Terrace Elementary School (GreatSchools Rating 3/10), Harmony School of Excellence - San Antonio (GreatSchools Rating 5/10), Lighthouse Charter School (GreatSchools Rating 1/10), Lighthouse Charter School - B Campus (GreatSchools Rating 2/10), Sam Rayburn Middle School (GreatSchools Rating 3/10), Anson Jones Middle School (GreatSchools Rating 3/10), John Jay High School (GreatSchools Rating 3/10), Idea Mays College Preparatory (GreatSchools Rating 7/10), Harmony Science Academy (San Antonio) (GreatSchools Rating 6/10).
The property 2531 Observation is 3,000 SqFt (source: MLS/tax record).
The year of construction for 2531 Observation is 1944.
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 222 listings were sold over their listed price in May 2025 in San Antonio, TX. In the same period over 744 listings were sold below the listed price and 373 listings were sold for the listed price. Between April and May 2025, San Antonio, TX real estate market has seen increase in the number of listings by 11.4%. While the average time on the market in May 2025 was 74 days, the median list price was $296,885.
From Rocket Homes Real Estate and based on county public records data.