1409 W Woodlawn, San Antonio, TX 78201
Local realty services provided by:CENTURY 21 North East
1409 W Woodlawn,San Antonio, TX 78201
$599,000
- - Beds
- - Baths
- 7,484 sq. ft.
- Multi-family
- Active
Listed by: nathan young
Office: devora realty
MLS#:1932637
Source:LERA
Price summary
- Price:$599,000
- Price per sq. ft.:$80.04
About this home
Prime value-add 8-plex offered at $650,000 in a highly desirable infill San Antonio location. Built in 1940, 1409 W Woodlawn Ave is a two-story brick multifamily property totaling 10,851 SF on a 0.44-acre lot, zoned MF-33 (Multi-Family District). The property presents a compelling value-add opportunity, with 6 of 8 units already renovated and achieving higher market rents based on historical leasing trends. The remaining 2 units offer immediate upside, along with additional potential through light cosmetic upgrades and continued rent optimization. A key differentiator is the full basement level, featuring individual storage cages and existing laundry connections, offering a clear path to additional revenue streams through tenant storage and on-site laundry income-further enhancing overall returns. Stabilized proforma NOI is projected at $58,080, translating to an 8.31% cap rate at the offering price. Additional upside exists through exterior improvements, including a landscaping and curb appeal refresh to further elevate tenant demand and market positioning. Ideally located near strong lifestyle and employment drivers, the property is just 0.9 miles from Woodlawn Lake Park, 1.5 miles from San Pedro Springs Park, and 0.6 miles from Deco Plaza retail. It also benefits from proximity to major educational institutions including San Antonio College (1.6 miles), Trinity University (3.5 miles), and St. Mary's University (4.0 miles). Downtown San Antonio is approximately 3 miles away. Seller is motivated and offering up to $20,000 in closing cost assistance, creating an attractive opportunity for investors to reduce upfront capital and enhance overall returns. With a strong combination of in-place income, proven renovation upside, and additional revenue potential, this asset is well-positioned for investors seeking both cash flow and long-term appreciation....
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Home facts
- Year built:1940
- Listing ID #:1932637
- Added:160 day(s) ago
- Updated:June 18, 2026 at 01:38 PM
Rooms and interior
- Flooring:Wood
- Living area:7,484 sq. ft.
Heating and cooling
- Cooling:Window/Wall
Structure and exterior
- Roof:Heavy Composition
- Year built:1940
- Building area:7,484 sq. ft.
- Lot area:0.44 Acres
- Construction Materials:Brick
- Exterior Features:Mature Trees
Schools
- High school:Call District
- Middle school:Call District
- Elementary school:Call District
Finances and disclosures
- Price:$599,000
- Price per sq. ft.:$80.04
- Tax amount:$15,253
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