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San Antonio Multi-Family Properties for Sale

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Newest San Antonio Multi-Family Homes for Sale

$975,000
1943475 MLS
Welcome to 124 E Ashby - a rare historic 8-unit multifamily property located in the heart of Tobin Hill, one of Downtown San Antonio's most walkable and desirable neighborhoods. Originally a grand historic mansion, this architecturally distinctive property features hardwood floors, soaring ceilings, arched doorways, oversized windows, and spacious layouts - each unit offering its own unique character and charm. This is not a commodity apartment complex - it's a boutique historic asset with irreplaceable architectural appeal. Current rents are potentially under market, presenting a compelling value-add opportunity for investors seeking long-term upside. With 75% occupancy and immediate leasing potential on remaining units, there is a clear path toward stabilization and improved cash flow. A stabilized pro forma supports a 5% cap scenario, offering investors the opportunity to increase rents to market levels while benefiting from one of San Antonio's strongest rental corridors. Located just steps from St. Mary's Strip, residents enjoy walkable access to nightlife, restaurants, and entertainment. The property is also minutes from The Pearl, San Antonio College, and Downtown. This drives consistent tenant demand and long-term appreciation potential. This is a location-driven investment with built-in rental growth opportunity in a neighborhood where historic character and walkability command premium interest. 124 E Ashby is ideal for investors looking to reposition a unique historic asset in a high-growth urban submarket - not just another multifamily property, but a long-term hold with upside!

124 E Ashby Pl, San Antonio

Listing courtesy of Listing Agent: Shane Neal (shane@nealteam.com) from Listing Office: eXp Realty.

$895,000
1939828 MLS
Alta Vista Value-Add Multifamily | 6 Units | Over 4,000 SF Exceptional value-add multifamily opportunity in the desirable Alta Vista neighborhood. This 6 unit property totaling over 4,000 square feet is being offered as an estate sale and presents substantial upside for investors seeking a repositioning or redevelopment play.The property is not currently operating at market efficiency. There are no long-term leases in place. Three of the six units are occupied on a month-to-month basis at below-market rents, offering immediate rent-growth potential. One unit is occupied by a family member at no rent, and another unit is a 2-bedroom / 1-bath currently under construction, providing a clear path to additional value upon completion by the new owner. The remaining unit offers further opportunity for optimization.Notable features include a central courtyard, on-site parking lot, and a in-ground swimming pool. Rare amenities that support future rent premiums once the property is stabilized and professionally managed.Located along N Flores, the asset benefits from proximity to downtown San Antonio, The Pearl, and major employment centers, making it well-positioned for long-term demand. This is a true investor asset ideal for rent optimization, light-to-moderate renovation, completion of existing improvements, and professional management. Strong fundamentals, flexible occupancy, and multiple value-creation strategies make this an increasingly rare opportunity in Alta Vista.

3221 N Flores, San Antonio

Listing courtesy of Listing Agent: Joel Leos (joelleos@kw.com) from Listing Office: Keller Williams Heritage.

$240,000
1936300 MLS
Excellent investment opportunity or a perfect opportunity for families with kids living at home or elderly parents. Live together, but with your own space! This recently updated two-unit duplex features two bedrooms and one bath per unit, offering strong rental appeal and long-term income potential. Was fully rented prior to new owner. Unit 2 was recently vacated and unit 1 is seller occupied. The property includes fresh interior wall paint and updated flooring throughout. Unit 1 (left side) was renovated in 2025 with new interior wall paint, updated kitchen countertops, a new bathroom vanity, and new vinyl flooring throughout. Unit 2 received fresh interior paint in Jan. 2026, with flooring updated in 2023. Both units feature high ceilings, a cozy fireplace, and a one-car garage with washer and dryer hookups-attractive amenities for tenants. Each unit also includes a fenced backyard, adding to rental desirability and tenant retention. Duplex will be delivered vacant at closing, providing immediate flexibility for an owner-occupant, or investor seeking to establish market rents from day one. Located in a strong rental area with good schools and limited duplex inventory, this property presents excellent upside potential. SELLER WILL NOT ENTERTAIN ANY SUBJECT TO OFFERS. Home needs TLC. Property to be sold AS-IS. Price reflects needed repairs. Seller has now applied for a short sale!

7018 Silver Canyon, San Antonio

Listing courtesy of Listing Agent: Michelle Doerr (Sales@MichelleSellsSanAntonio.com) from Listing Office: Doerr Realty.

$424,999
1933956 MLS
Presenting a rare opportunity to lease or purchase a newly built 3-story condominium unit within a modern portfolio of duplex-style residences in the rapidly growing Denver Heights area-just minutes from downtown San Antonio. Each unit offers approximately 1,180 square feet of thoughtfully designed living space, featuring 3 bedrooms, 2.5 bathrooms, and a single-car garage. The flexible three-story layout is ideal for a variety of living arrangements, including roommate setups, multigenerational living, or work-from-home lifestyles. The first floor includes a private-entry bedroom with an ensuite half bath and dedicated mini-split system-perfect for added privacy. The second level showcases an open-concept living, dining, and kitchen area filled with natural light and enhanced by recessed lighting throughout. The kitchen is outfitted with bright countertops, modern cabinetry, and a full suite of stainless-steel appliances, including refrigerator, stove, microwave, and dishwasher. On the third floor, the spacious primary suite features its own ensuite bathroom, accompanied by a secondary bedroom for additional flexibility. Central HVAC services the second and third floors for year-round comfort. Washer and dryer connections for a stackable unit add convenience, while no carpet throughout ensures a clean, low-maintenance interior. Each unit includes a one-car garage and separate electric meters for streamlined utility management-an attractive feature for investors. With no existing tenants, units are available for immediate lease-up, allowing for flexibility in rental pricing. Ideally located near downtown San Antonio with easy access to major highways, dining, and entertainment-including the Frost Bank Center and Freeman Coliseum-this property is well positioned. Multiple units are available-invite others to be your neighbor or co-investors in this stylish condo community! Whether you're looking for a modern place to live or a strategic lock and leave addition to your investment portfolio, this opportunity offers the perfect blend of location, design, and income potential.

1303 S Essex St 101,102, San Antonio

Listing courtesy of Listing Agent: Polo Gutierrez (pgutierrez@phyllisbrowning.com) from Listing Office: Phyllis Browning Company.

$795,000
1926651 MLS
FULLY OCCUPIED | 11 UNITS | $11,745/MO SCHEDULED RENT | $140,940 ANNUAL SCHEDULED RENT | $91,716 ANNUALIZED NOI | APPROX. 11.5 CAP RATE AT $795K LIST PRICE. Rare income-producing investment opportunity in San Antonio's Lone Star/Southtown corridor near Downtown. This multi-building rental property offers strong in-place cash flow with a diversified unit mix consisting of efficiencies, 1-bedroom apartments, a 3-bedroom/1-bath residence and a two-story co-living/rent-by-room component with 7 rentable bedrooms. CURRENTLY FULLY OCCUPIED with income already in place. The rear building consists of 6 units: three 1-bedroom apartments and three efficiencies. The middle courtyard row includes 3 additional units: two efficiencies and one 1-bedroom. The front portion includes the 3-bedroom/1-bath residence and the two-story co-living house. A central courtyard connects the multi-building property. INVESTOR HIGHLIGHTS: Strong in-place occupancy and cash flow; diversified rental income; established tenant base; and potential for continued operational and rental-income upside. Convenient access to Downtown, Southtown, employment centers, dining, entertainment and major transportation corridors. Investor financial package, current rent roll and operating expense summary available in MLS documents. Buyer to independently verify all financial, zoning, property and operating information.

119 Bank, San Antonio

Listing courtesy of Listing Agent: Arthur Sable (aesable.ownahome@gmail.com) from Listing Office: Keller Williams Legacy.

$505,990
1921804 MLS
BRAND NEW 2026 DUPLEXES. GATED COMMUNITY. SPECIAL OFFER: ~3.75 %+ Interest Rate for Qualified Buyers. Live on one side and rent the other, removing the majority of your mortgage payment while building equity in an Airbnb friendly community! Two units per building. Each unit has 1,505 sq ft, 3 bedrooms and 2.5 baths, making this a great investment / house hacking opportunity. When ready, you can move out and rent both sides for cash flow. A property management company can manage your tenant(s) for 7.5% of rents. Monthly rent of $1,775 per side is suggested but not guaranteed. 1-2-10 warranty included. *Montgomery Village* is an upscale gated duplex community with a private park and a community-wide front irrigation system. Included in the HOA fee is front lawn mowing. Never worry about your neighbors failing to maintain their front yards again! Each duplex includes an oversized 1.5 car garage with automatic garage door opener, premium vinyl plank floors, stainless steel appliances and much more. Montgomery Village is located just off 90 West one exit outside of 1604, making it a great place to find renters who don't want to travel an extra 30 minutes to the outer suburbs through gridlock traffic just to get home every day. The area is currently a hot spot for growth, driven to a large extent by the number of major employers within a twenty-minute drive including Joint Base Lackland, USAA, Citibank, American Funds, Valero, UTSA, Six Flags, Marathon Petroleum, Microsoft, and a concentration of large employers nearby Highway 151.

12352 Montgomery Forest, San Antonio

Listing courtesy of Listing Agent: Marie Crabb (marie@exquisitesa.com) from Listing Office: Exquisite Properties, LLC.

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