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838 Culebra Rd, San Antonio
$150,000
2008504 MLS ⋅ ACTIVE Status
Multifamily Development Opportunity - Approved for 4 Units Investment and development opportunity at 838 Culebra Rd in San Antonio's established Prospect Hill area. This 0.2057-acre (approximately 8,960 SF) residential lot offers a major advantage for builders and investors: the property has been approved for two duplexes, providing a total of four residential units. The site offers approximately 56 feet of frontage along Culebra Road and is positioned along an established corridor with convenient access to major employment, entertainment, education, and recreation destinations. The property's central San Antonio location provides convenient access to Downtown San Antonio, the River Walk, The Pearl, St. Mary's University, San Pedro Springs Park, Woodlawn Lake Park, I-10, and I-35. Woodlawn Lake Park is one of the area's major recreational amenities, offering walking trails, fishing, fitness areas, and a swimming pool. With plans already approved for two duplexes / four total units, this property provides an opportunity for an investor or developer to move forward with a multifamily project while avoiding much of the uncertainty associated with determining whether a smaller infill site can accommodate multiple units.

838 Culebra Rd, San Antonio

1535 W Laurel, San Antonio
$690,000
1998762 MLS ⋅ ACTIVE Status
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.

1535 W Laurel, San Antonio

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