2523 Observation Dr San Antonio, TX 78227
Lackland Terrace NeighborhoodEstimated payment $1,816/month
Total Views
2,810
--
Bed
--
Bath
2,798
Sq Ft
$100
Price per Sq Ft
Highlights
- Covered Patio or Porch
- 1-Story Property
- Level Lot
About This Home
This fully renovated duplex offers a prime turnkey investment opportunity in a high-demand rental market, located near Lackland Air Force Base and SeaWorld San Antonio. The property underwent a comprehensive down-to-the-studs rehab in 2023, including a new foundation, new roof, updated PEX plumbing and drain lines, new electrical systems, and new drywall. Every unit features new windows, doors, and modern finishes, offering tenants a high-quality living space with minimal maintenance required. The duplex is currently fully occupied, providing immediate and stable cash flow. Each unit is separately metered for utilities, with tenants responsible for their own utility costs, offering an efficient, low-maintenance ownership structure. Zoned R-6, the property benefits from flexible residential zoning, ensuring long-term value appreciation. Located in a desirable rental corridor with proximity to major employers such as Lackland AFB and SeaWorld, the asset boasts strong tenant demand, ensuring consistent occupancy. With all major systems updated and a fully rehabbed structure, this property is an ideal acquisition for investors seeking reliable cash flow and long-term asset growth.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,399
Year Built
- Built in 1943
Lot Details
- 9,801 Sq Ft Lot
- Level Lot
Home Design
- Composition Roof
Interior Spaces
- 2,798 Sq Ft Home
- 1-Story Property
Outdoor Features
- Covered Patio or Porch
Schools
- Westwood Elementary School
- Jones Middle School
- John Jay High School
Community Details
- Lackland Terrace Subdivision
Listing and Financial Details
- Legal Lot and Block S / 9
- Assessor Parcel Number 155070090100
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/07/2025 07/07/25 | For Sale | $280,000 | 0.0% | $100 / Sq Ft |
| 06/04/2025 06/04/25 | Pending | -- | -- | -- |
| 04/29/2025 04/29/25 | For Sale | $280,000 | -- | $100 / Sq Ft |
Source: San Antonio Board of REALTORS®
Similar Homes in San Antonio, TX
Source: San Antonio Board of REALTORS®
MLS Number: 1862242
APN: 15507-009-0100
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