$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: 5/22/2025, 6:20:27 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. 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
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.
In April 2025 more than 176 listings in San Antonio, TX were sold above the asking price. During the same period more than 362 listings were sold at asking price, while more than 712 were sold below. The number of homes for sale in San Antonio, TX increased by 11.4% between March and April 2025. The median list price of listings available in April 2025 was $296,892, while the average time on the real estate market was 79 days.
From Rocket Homes Real Estate and based on county public records data.