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San Antonio Multifamily Investment Opportunity

903 Dawson San Antonio, TX 78202

Claim this Listing
For Sale
$599,999

MULTI_FAMILY - San Antonio, TX

Property size:
4,160 SF
Lot size:
0.41 Acres
Price / SF:
$144/SF
Added:
Mar 23, 2026
Days on Market:
111
Last Refresh:
Jul 11 at 4:06 pm

Property Features for 903 Dawson

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
RM-6
Standard status
Active
Size
4,160 SF
Lot size
0.41 Acres

Taxes and HOA fees

Tax Annual Amount
10100

Building Details

Year built
2006

Listing agent Scott Malouff License #658231

Listing office Keller Williams Heritage 1717 N. Loop 1604 E, San Antonio, TX

Listing date Mar 23, 2026

MLS# 1948597 Listing URL

Copyright © 2026 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

Located in the Dignowity Hill neighborhood, this property presents an investor opportunity. The property, situated on approximately 0.41 acres, features two income-producing duplex units with additional development potential. The lots provide access from Gorman, Pine, and Dawson, creating flexibility for future expansion and development options. Current improvements include two total units with room to build additional duplexes at the rear of the property, allowing investors to maximize income and long term value. The property is located just minutes from downtown with the skyline nearby. The property offers strong upside in one of San Antonio's fastest growing neighborhoods and presents an excellent opportunity for investors seeking a value add asset in a prime urban location. The property is zoned RM-6. The property size is 4160 square feet.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $72.4k $17.40
− Vacancy −$4.0k −$0.96
EGI $68.4k $16.44
− OpEx −$20.5k −$4.93
NOI $47.9k $11.51
4,160 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$684.0K
$598.5K – $798.0K (±1% cap)
NOI $47,882 @ 7.0% cap · market cap 7.98%
Second Best
Apartment 5plus
$607.1K
$531.2K – $708.2K (±1% cap)
NOI $42,494 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$1.06M
$928.5K – $1.24M (±1% cap)
NOI $74,280 @ 7.0% cap · market cap 12.38%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Dental Office Skin Care Clinic (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Veterinary Clinic Pet Grooming Service (Bike/Boat/Book/etc) Store Nursing Home Electrical Service Pet Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Income-producing duplexes with development potential in Dignowity Hill.
Where is this duplex located?
The property is located at 903 Dawson San Antonio, TX.
What is the asking price?
The asking price for this property is $599,999.
Contact an agent
More about this property
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