1409 West Woodlawn Avenue San Antonio, TX 78201

Building Details

Year Built

1940

Listing Agency Devora Realty r***@yahoo.com Show Phone

Listed by Nathan Young Show Phone

Source Compass

Added: Jan 9 Updated: Jul 10 at 12:10 pm Checked: Jul 20 at 3:45 am

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Investment Insights

Based on property information with market context.

The property at 1409 W Woodlawn Ave is a two-story multifamily building constructed in 1940. The brick building has a total area of 10,851 square feet and is situated on a 0.44-acre lot. The property is zoned MF-33 (Multi-Family District). It features eight units, six of which have been renovated. There is potential for investors to increase value by completing the remaining improvements and making cosmetic upgrades to support rent growth. Enhancing the landscaping could improve tenant appeal. The property is located approximately 3 miles northwest of Downtown San Antonio, in an infill location near Woodlawn Lake Park (0.9 miles) and San Pedro Springs Park (1.5 miles). Deco Plaza is located 0.6 miles away. Nearby educational institutions include San Antonio College (1.6 miles), Trinity University (3.5 miles), and St. Mary's University (4.0 miles). The stabilized proforma NOI is $58,080, which translates to an 8.31% stabilized cap rate at the offering price.

Key Highlights

• Value‑add opportunity with 6 of 8 units already renovated and generating higher rents.
• Stabilized proforma NOI of $58,080, resulting in an 8.31% cap rate at the offering price.
• Located in an infill location with close proximity to Woodlawn Lake Park and San Pedro Springs Park.

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FAQs

What type of property is this?

Apartment building - Value-add 8-plex with renovation upside in San Antonio.

Where is this apartment building located?

The property is located at 1409 West Woodlawn Avenue San Antonio, TX.

What is the asking price?

The asking price for this property is $580,000.

What are key features of this property?

This property features: Value‑add opportunity with 6 of 8 units already renovated and generating higher rents.; Stabilized proforma NOI of $58,080, resulting in an **8.31% cap rate** at the offering price.; Located in an infill location with close proximity to Woodlawn Lake Park and San Pedro Springs Park.