2807 Observation Dr San Antonio, TX 78227
Lackland Terrace NeighborhoodEstimated payment $5,083/month
Highlights
- Mature Trees
- Central Heating
- Carpet
About This Home
Fully renovated 8 unit apartment building in the heart of San Antonio's Lackland AFB corridor one of the city's most best workforce housing submarkets. All units are two bedroom floor plans currently renting between $1,100-$1,300 per month with 7 of 8 units leased. Cash flowing from day one. The 2024 renovation was comprehensive: Replaced: roof, HVAC, new windows, LVP flooring, bathrooms, kitchens and appliances, granite-style countertops and cabinetry, drywall, fresh paint inside and out, doors, hardware, plumbing, and lighting throughout. Zero deferred maintenance.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,288
Year Built
- Built in 1973
Lot Details
- 9,714 Sq Ft Lot
- Mature Trees
Home Design
- Slab Foundation
- Composition Roof
Interior Spaces
- 5,800 Sq Ft Home
- 2-Story Property
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 16 Bedrooms
- 8 Bathrooms
Schools
- Westwood Elementary School
- Jones Middle School
- John Jay High School
Utilities
- Central Heating
- Heating System Uses Natural Gas
- Cable TV Available
Community Details
- Not In Defined Subdivision
Listing and Financial Details
- Legal Lot and Block S / 7
- Assessor Parcel Number 155090070020
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,931 | $515,000 | $53,360 | $461,640 |
| 2024 | $12,931 | $564,750 | $50,740 | $514,010 |
| 2023 | $9,302 | $405,000 | $46,950 | $358,050 |
| 2022 | $8,540 | $345,000 | $15,070 | $329,930 |
| 2021 | $8,588 | $335,000 | $13,120 | $321,880 |
| 2020 | $9,228 | $340,000 | $13,120 | $326,880 |
| 2019 | $8,840 | $330,000 | $12,930 | $317,070 |
| 2018 | $8,363 | $312,000 | $12,640 | $299,360 |
| 2017 | $7,593 | $282,775 | $12,640 | $270,135 |
| 2016 | $7,169 | $266,980 | $12,640 | $254,340 |
| 2015 | $6,492 | $255,800 | $12,640 | $243,160 |
| 2014 | $6,492 | $240,580 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/17/2026 03/17/26 | For Sale | $850,000 | -- | $147 / Sq Ft |
Source: San Antonio Board of REALTORS®
MLS Number: 1949529
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Ask me questions while you tour the home.