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1522 South Elmendorf St
San Antonio, TX 78207
Multifamily Property For Sale
·
3 Units
Investment Highlights
- Income-Producing Triplex – all units leased out at $1,550 per month.
- Prime Location – Less than 10 minutes to Downtown, 1.5 miles from Lone Star District, with fast access to I-10 & Hwy 90.
- Flexible Layout – Rear duplex features 3 bed / 2 bath units (1 bed & bath down, 2 up); front unit is a standalone 3 bed / 2 bath home.
- Desirable Finishes & Features – Laminate flooring, ceramic tile in wet areas, metal fencing with gated entry, mature trees, and carport parking.
Executive Summary
Located just 10 minutes from Downtown San Antonio, 1522 S Elmendorf Street presents a rare opportunity to acquire a modern, three-unit investment property in a high-demand infill location. Built in 2023, the property sits on approximately 0.11 acres and features a detached single-family residence in the front (1,067 SF) and a duplex in the rear (2,218 SF). All three units are well-designed 3-bedroom, 2-bath layouts, offering strong tenant appeal and functional floor plans suited for long-term occupancy. The recent construction translates to reduced maintenance, modern systems, and enhanced tenant comfort, minimizing capital expenditure risk for the next owner. The property has been nearly fully occupied, demonstrating consistent rental demand, strong absorption, and solid in-place cash flow supported by competitive market rents and near-continuous tenancy. Strategically positioned just west of Downtown, the property benefits from convenient access to Highway 90 and Interstate 10, providing efficient connectivity throughout the San Antonio metro. The location supports both tenant desirability and long-term appreciation as continued growth and redevelopment expand outward from the urban core. This asset is well-suited for investors seeking a combination of stable cash flow, modern construction, and proximity to Downtown San Antonio, making it an attractive addition to both local and out-of-area investment portfolios.
Property Facts
| Price Per Unit | $232,480 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 8.13% | Building Size | 3,346 SF |
| Gross Rent Multiplier | 9.14 | Average Occupancy | 67% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | Parking Ratio | 0.9/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | MF-33 - Any uses permitted in MF-25 but with a maximum density of 33 units per acre for MF-33. | ||
| Price Per Unit | $232,480 CAD |
| Sale Type | Investment |
| Cap Rate | 8.13% |
| Gross Rent Multiplier | 9.14 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 3,346 SF |
| Average Occupancy | 67% |
| No. Stories | 2 |
| Year Built | 2023 |
| Parking Ratio | 0.9/1,000 SF |
| Zoning | MF-33 - Any uses permitted in MF-25 but with a maximum density of 33 units per acre for MF-33. |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Double Pane Windows
- Island Kitchen
- Lawn
Site Amenities
- 24 Hour Access
- Fenced Lot
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 3 | $2,051 CAD | 1,137 |
Property Taxes
| Parcel Number | 07388-000-0110 | Improvements Assessment | $548,995 CAD |
| Land Assessment | $44,759 CAD | Total Assessment | $593,754 CAD |
Property Taxes
Parcel Number
07388-000-0110
Land Assessment
$44,759 CAD
Improvements Assessment
$548,995 CAD
Total Assessment
$593,754 CAD
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