$690,000
For Sale by Owner $312/sq ft
Listed 2 months ago

Multi-Family for Sale in San Antonio, TX

1535 W Laurel, San Antonio, TX 78201
Studio
8 Bath
2,212 sq ft
Built 2020
PropSlick Verified Data Key facts & insights for this exact address
$312
Price / sq ft
2020
Year Built
$7,850
Property Tax / yr
8,973 sf
Lot Size
Bexar
County

Key Facts

Property TypeMulti-Family
Year Built2020
Square Footage2,212 sq ft
Lot Size8,973 sq ft
Annual Property Tax$7,850
Price / SqFt$312

Property Description

MOTIVATED SELLER - Exceptional income potential awaits with this multifamily investment property in San Antonio - already producing $5,700/month on day-one income from Units 2, 3, and 4 (currently leased to 7 tenants renting by the room). This property has a set of 2 duplexes built in 2021, on a single MF-33 zoned lot. Each of the four units offer identical 3-bedrooms and 2 full baths. Unit 1 is vacant so you can live in it or rent it out. Unit 2 has 3 tenants. Unit 3 has 2 tenants and 1 vacant room. Unit 4 has 2 tenants and 1 vacant room. That leaves you 5 vacant bedrooms. OPTION 1: Lease Unit 1 the traditional way at $1,350/month and rent the remaining 2 vacant rooms at $850 each, bringing total gross monthly income to $8,750 (105,000 annually). OPTION 2: follow the current owner's proven by-the-room strategy, renting all 5 vacant bedrooms individually at $850/month each for a total gross monthly income of $9,950 (a potential $119,400 annually). OPTION 3: This property is also a house hacking dream for owner-occupants: live in Unit 1 and rent out the 2 vacant rooms at $850 each, for a total gross monthly income $7,400 ($88,800 annually) while living virtually rent-free. OPTION 4: Go aggressive by living in a single room within Unit 1 and renting the 4 vacant rooms at $850 each, generating $9,100/month ($109,200 annually) toward your housing costs and beyond. Ideally located with easy access to I-10, residents enjoy proximity to downtown San Antonio, the Pearl District, La Cantera, The Rim, Six Flags Fiesta Texas, San Antonio College and St. Mary's University. Whether you're scaling a rental portfolio or house hacking your way into ownership, this property offers multiple paths to strong returns.

Listing description provided by the property owner. PropSlick is not responsible for the accuracy of listing descriptions or any claims made by property owners. PropSlick operates as an advertising platform under 47 U.S.C. 230. Report discriminatory content.

Amenities and Features

Air Conditioning
Heating

Property Location

Map shows approximate location. Exact address provided to serious inquirers upon contact.

Property Research
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Sale history, tax records, neighborhood appreciation, and investment analysis for this address.
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