2523 Observation
San Antonio, TX 78227
- – beds
- – baths
- 2,798 sqft
- 9,801 sqft lot
- $100 per sqft
- 1943 build
- – on site
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.
Last checked:
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Last updated Apr 29, 2025
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MLS# 1862242 —
The Building
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Year Built:1943
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Approx Age:82
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Recent Rehab:Yes
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Builder Name:Unknown
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Type:One Story
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Exterior:Siding
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Exterior Features:Covered Patio, Level
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Roofing:Composition
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Total Units:2
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Total SqFt:2798
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SqFt Source:Appsl Dist
Interior
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Flooring:Laminate
Location
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Directions:Hwy 90 W to Hwy 410 N, exit 410 N to Access Road to Glider Ave and Observation Dr
The Property
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Area:0700
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Legal Desc-Lot:S
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Lot Size:0.225
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Zoning:R-6
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Price Per SqFt:$100.07
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Property ID:155070090100
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Total Taxes:$3,399.35
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Taxed by Multiple Counties:No
Heating & Cooling
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Heat:Central
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Heating Fuel:Electric
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Air Conditioning:Unit Central
Utilities
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Water/Sewer:City
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Meters:Separate Electric, Separate Gas, Separate Water
Schools
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Elementary School:Westwood Terrace
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Middle School:Jones
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High School:John Jay
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School District:Northside
The Community
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Subdivision:LACKLAND TERRACE
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LACKLAND TERRACE V NSSubdivision:
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HOA:None
Extra Units
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Unit 1 Bedrooms:3
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Unit 1 Parking Type:Pad
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Unit 1 Handicap Access:No
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Unit 1 # Parking Spaces:2
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Unit 1 Full Baths:1
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Unit 1 Includes:Washer Connection, Dryer Connection
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Unit 2 Includes:Washer Connection, Dryer Connection
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Unit 2 Bedrooms:3
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Unit 2 Full Baths:1
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Unit 2 Handicap Access:No
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Unit 2 Parking Type:Pad
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Unit 2 # Parking Spaces:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/29/25
Apr 29, 2025
|
Listed / Active | SABOR | $280,000 |
