BEDS14
BATHS7 full
SQUARE FEET7,484
MLS#1932637
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONWOODLAWN PARK
SCHOOLSan Antonio ISD
Property Description
Prime value-add 8-plex offered at $699,000. 1409 W Woodlawn Ave is a 1940-built, 2-story, brick multifamily property totaling 10,851 SF on a 0.44-acre lot with MF-33 (Multi-Family District) zoning. Partial value-add has already been completed: 6 of 8 units have been renovated and are now demanding higher rates based on historical lease rates, leaving additional investor upside to complete the remaining improvements and pursue minor cosmetic upgrades that could support further rent growth. Exterior/curb appeal upside includes a landscaping refresh to enhance tenant appeal and marketability. Stabilized proforma NOI: $58,080, translating to an 8.31% stabilized cap rate at the offering price. Infill location with strong lifestyle and demand drivers: Woodlawn Lake Park ~0.9 mi (18-min walk) and San Pedro Springs Park ~1.5 mi (3-min drive). Nearby retail includes Deco Plaza ~0.6 mi (12-min walk). Education anchors nearby: San Antonio College ~1.6 mi (4-min drive), Trinity University ~3.5 mi, and St. Marys University ~4.0 mi. The area is approximately 3 miles northwest of Downtown San Antonio. Disclaimer: Buyer to independently verify all information, including zoning, square footage, unit mix, income/expenses, distances, and to complete their own underwriting.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Window/Wall
Fuel Type: Other
Lot Size: 0.44 Acres
Taxes: $15,252
Year Built: 1940
Units
Unit Type 1:
Bedrooms: 2
Full Bath(s): 1
Half Bath(s): 0
Rent: $795.00
Unit Type 2:
Bedrooms: 2
Full Bath(s): 1
Half Bath(s): 0
Rent: $1000.00
Unit Type 3:
Bedrooms: 2
Full Bath(s): 1
Half Bath(s): 0
Rent: $1100.00
Unit Type 4:
Bedrooms: 2
Full Bath(s): 1
Half Bath(s): 0
Rent: $945.00
Unit Type 5:
Bedrooms: 2
Full Bath(s): 1
Half Bath(s): 0
Rent: $995.00
Feature Descriptions
Builder Name: Unknown
Days on Site: 56
Exterior: Mature Trees
Exterior: Brick
HOA Mandatory: No
Tax By Multiple Counties: No
Type: Two Story
Units: 8
Local Schools
High School: Call District
Middle School: Call District
Elementary School: Call District
School District: San Antonio ISD
Listed By / Shown By
Listed By
Agency Name: Devora Realty
Agency Phone: (512) 961-9084
Shown By
Agent Name: Russell Cox
Agent Phone: Cell: (254) 717-6447
Agency Title: Kelly, Realtors
Agency Email: info@kellyrealtors.com
Agency Text: (254) 717-6447
Estimate Your Payment
Estimated Payment
$ 3,030.55 per month $1,555.67 Principal & Interest $1,271.00 Property Tax $203.88 Homeowner's InsuranceChange Payment Information
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1409 W Woodlawn | MLS# 1932637
This multi-family property located at 1409 W Woodlawn, San Antonio, TX 78201 is currently listed for sale with an asking price of $699,000. W Woodlawn is located within the San Antonio ISD school district. Search San Antonio real estate on www.254sale.com today.