1522 South Elmendorf St 3 Unit Apartment Building $706,110 CAD ($235,370 CAD/Unit) 8.13% Cap Rate San Antonio, TX 78207

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.