About 508 E Dewey Pl
Unlock the potential of Tobin Hill's real estate with this strategically located four-unit property. Situated on a premier street, it offers immediate access to the thriving St. Mary's strip. The 0.26-acre lot, ZONED FOR UP TO 8 UNITS (translation: cha-ching), provides substantial expansion possibilities. Comprised of three 1-bedroom, 1-bathroom units and one 2-bedroom, 1-bathroom unit, the building caters to a diverse tenant base including students, tourists, locals, and service & medical industry pros looking to be close to work. Modern upgrades include central HVAC units, separately metered utilities, plumbing updates, gas water heaters, pier & beam foundation corrections, and spray foam insulation for efficiency. Rear access via a through-street/alley enhances convenience. An on-site laundry room adds practicality. Capitalize on Tobin Hill's resurgence and elevate your portfolio with this solid investment.
Features of 508 E Dewey Pl
| MLS® # | 1888498 |
|---|---|
| Price | $599,900 |
| Number Of Units | 4 |
| Square Footage | 2,442 |
| Acres | 0.26 |
| Year Built | 1930 |
| Type | Multi-Family (2-8 Units) |
| Sub-Type | Two Story |
| Status | Active |
Community Information
| Address | 508 E Dewey Pl |
|---|---|
| Subdivision | TOBIN HILL |
| City | San Antonio |
| County | Bexar |
| State | TX |
| Zip Code | 78212-1543 |
Multi-Unit Information
| Gross Annual Income | $86,941 |
|---|---|
| Net Operating Income | $56,511 |
| Annual Operating Expense | $30,429 |
| Operating Expense Includes | Maintenance, Management, All Utilities, Insurance, Licenses/Permits, Taxes |
Unit 1 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $1,800 |
| Occupied | NO |
| Includes | Oven/Stove, Refrigerator |
Unit 2 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $1,800 |
| Occupied | NO |
| Includes | Oven/Stove, Refrigerator |
Unit 3 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $1,800 |
| Occupied | NO |
| Includes | Oven/Stove, Refrigerator |
Unit 4 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $1,800 |
| Occupied | NO |
| Includes | Oven/Stove, Refrigerator |
Amenities
| Has Pool | No |
|---|
Interior
| Heating | Central, 3+ Units |
|---|---|
| Cooling | Three+ Central |
| Has Basement | No |
Exterior
| Exterior | Wood |
|---|---|
| Exterior Features | Has Gutters, Mature Trees |
| Roof | Composition |
| Construction | Pre-Owned |
School Information
| District | San Antonio I.S.D. |
|---|---|
| Elementary | Call District |
| Middle | Call District |
| High | Call District |
Additional Information
| Date Listed | July 30th, 2025 |
|---|---|
| Days on Market | 352 |
| Zoning | MF-33 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 9.42 |
| Gross Rent Multiplier | 6.90 |
| Estimated Taxes | $10,371 |
Listing Details
| Agent | Danny Charbel |
|---|---|
| Office | Keller Williams City-View |
| Contact Info | (210) 887-7080 |