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2531 Observation

San Antonio, TX 78227

– beds
– baths
3,000 sqft
9,714 sqft lot
$160 per sqft
1944 build
– on site

This fully renovated quadplex presents a rare turnkey investment opportunity located near Lackland Air Force Base, SeaWorld San Antonio and many major employers, ensuring strong rental demand. The property underwent a complete down-to-the-studs renovation in 2023, featuring a new foundation, new roof, updated PEX plumbing and drain lines, all-new electrical systems, new drywall, new windows, doors, and modern finishes throughout. Every major system has been replaced, offering investors a truly low-maintenance asset for years to come. This property provides immediate in-place cash flow with significant upside potential through lease-up and rental rate optimization. Zoned R-6 with modern construction standards and minimal deferred maintenance, this property is ideal for investors seeking turnkey cash flow with long-term appreciation potential. The combination of a full renovation, prime location, and partial occupancy offers a compelling value-add opportunity for both buy-and-hold and cash flow-focused investors.

Listing courtesy of SABOR / Real Broker, LLC

Last checked: Checking… • Last updated Apr 29, 2025 •

MLS# 1862272 —

The Building

Year Built:

1944
Approx Age:

81
Recent Rehab:

Yes
Builder Name:

Unknown
Type:

One Story
Exterior:

Siding
Exterior Features:

Covered Patio, Level
Roofing:

Composition
Total Units:

4
Total SqFt:

3000
SqFt Source:

Appsl Dist

Interior

Flooring:

Laminate

Location

Directions:

Hwy 90 W to Hwy 410 N, exit 410 N to Access Road to Glider Ave and Observation Dr

The Property

Area:

0700
Legal Desc-Lot:

S
Lot Size:

0.223
Zoning:

R-6
Price Per SqFt:

$160

Listing Agent

Contact info:

Taxes

Tax Property ID:

155070090110
Total Taxes:

$4,902.58
Taxed by Multiple Counties:

No

Heating & Cooling

Heat:

Central
Heating Fuel:

Electric
Air Conditioning:

Unit Central

Utilities

Water/Sewer:

City
Meters:

Common Water, Common Electric, Common Gas

Schools

Elementary School:

Westwood Terrace
Middle School:

Jones
High School:

John Jay
School District:

Northside

The Community

Subdivision:

LACKLAND TERRACE
LACKLAND TERRACE V NS

Subdivision:
HOA:

None

Extra Units

Unit 1 Bedrooms:

2
Unit 1 Parking Type:

Pad
Unit 2 Includes:

Oven/Stove, Refrigerator, Washer Connection, Dryer Connection
Unit 1 Handicap Access:

No
Unit 1 # Parking Spaces:

2
Unit 1 Includes:

Oven/Stove, Refrigerator, Washer Connection, Dryer Connection
Unit 1 Full Baths:

1
Unit 2 Bedrooms:

2
Unit 2 Full Baths:

1
Unit 2 Handicap Access:

No
Unit 2 Parking Type:

Pad
Unit 2 # Parking Spaces:

2
Unit 3 Includes:

Oven/Stove, Refrigerator, Washer Connection, Dryer Connection
Unit 3 Bedrooms:

2
Unit 3 Full Baths:

1
Unit 3 Parking Type:

Pad
Unit 3 Handicap Access:

No
Unit 3 # Parking Spaces:

2
Unit 4 Includes:

Washer Connection, Dryer Connection
Unit 4 Bedrooms:

2
Unit 4 Full Baths:

1
Unit 4 Parking Type:

Pad
Unit 4 # Parking Spaces:

2
Unit 4 Handicap Access:

No

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/29/25 Apr 29, 2025	Listed / Active	SABOR	$480,000

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This multifamily located in Lackland Terrace, San Antonio, TX 78227 is currently for sale for $480,000. 2531 Observation is a 3,000 square foot multifamily with – beds and – baths that has been on Estately for 0 days. 2531 Observation is in the Lackland Terrace neighborhood of San Antonio and has a WalkScore® of 38, making it car-dependent. This multifamily is in the attendance area of Westwood Terrace Elementary School, Jones Middle School, and John Jay High School.

Listing Provided Courtesy of Real Broker, LLC

The information included in this listing is provided by SABOR exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Users may not reproduce or redistribute the data found on this site. The data is for viewing purposes only. All information provided is deemed reliable but is not guaranteed by Estately or SABOR and should be independently verified.