6-Unit Multifamily in San Antonio, TX

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.

Marketing Description:

6-unit multifamily value-add opportunity in the desirable Alta Vista neighborhood of San Antonio, TX. This 1926-built property totals 4,039 SF on 0.29 acres and is offered at $950,000 ($235/SF). Notable amenities include a central courtyard, in-ground pool, and on-site parking — rare features that support future rent premiums once the asset is stabilized and professionally managed.

Currently operating below market efficiency with three units occupied month-to-month at below-market rents, one unit occupied at no cost, one 2BR/1BA mid-construction transferring to the new owner for completion, and one additional unit available for optimization. No long-term leases in place — a clean reset for an incoming operator. In-place rent of $4,300/month with clear runway to market. Zoned R-6 CD NCD-2. Separate electric meters. Conventional, cash, and investor financing accepted.

Investment Highlights: