About 403 Terrell Ave
Discover a rare investment opportunity in the rapidly growing South Side of San Antonio! This 7-door multifamily property offers consistent cash-flow potential and sits just minutes from Downtown San Antonio, Mission Concepcion, and the vibrant Southtown Arts District. The property includes two-bedroom, one-bedroom and studio layouts perfect for maximizing occupancy and rental income. Several units have been updated with fresh paint, flooring, and modern finishes, making this an ideal turnkey addition to any investor's portfolio. The property sits on a spacious lot with on-site parking and easy access to IH-35, Highway 90, and Loop 410 - connecting residents to major employers like Toyota Manufacturing, Brooks City Base, and Lackland AFB within minutes. 403 Terrell Ave is a strong income-producing opportunity in one of San Antonio's most promising growth corridors.
Features of 403 Terrell Ave
| MLS® # | 1914997 |
|---|---|
| Price | $480,000 |
| Number Of Units | 7 |
| Square Footage | 2,599 |
| Acres | 0.37 |
| Year Built | 2003 |
| Type | Multi-Family (2-8 Units) |
| Sub-Type | One Story |
| Status | Active |
Community Information
| Address | 403 Terrell Ave |
|---|---|
| Subdivision | HARLANDALE |
| City | San Antonio |
| County | Bexar |
| State | TX |
| Zip Code | 78214 |
Multi-Unit Information
| Gross Annual Income | $41,791 |
|---|---|
| Net Operating Income | $13,490 |
| Annual Operating Expense | $28,301 |
| Operating Expense Includes | Other |
Unit 1 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Detached |
| Handicap Access | NO |
| Rent | $750 |
| Occupied | YES |
| Includes | Other |
Unit 2 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Detached |
| Handicap Access | NO |
| Rent | $750 |
| Occupied | NO |
| Includes | Other |
Unit 3 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Detached |
| Handicap Access | NO |
| Rent | $750 |
| Occupied | NO |
| Includes | Other |
Unit 4 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Detached |
| Handicap Access | NO |
| Rent | $750 |
| Occupied | YES |
| Includes | Other |
Unit 5 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Detached |
| Handicap Access | NO |
| Rent | $950 |
| Occupied | YES |
| Includes | Other |
Unit 6 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Detached |
| Handicap Access | NO |
| Rent | $750 |
| Occupied | YES |
| Includes | Other |
Unit 7 Information
| Parking Type | Detached |
|---|---|
| Includes | Other |
Amenities
| Has Pool | No |
|---|
Interior
| Heating | Window Unit |
|---|---|
| Cooling | Window/Wall, 3+ Window/Wall |
| Has Basement | No |
Exterior
| Exterior | Wood |
|---|---|
| Exterior Features | Patio Slab |
| Roof | Composition |
| Foundation | Slab |
School Information
| District | Harlandale I.S.D |
|---|---|
| Elementary | Call District |
| Middle | Call District |
| High | Call District |
Additional Information
| Date Listed | October 13th, 2025 |
|---|---|
| Days on Market | 274 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 2.81 |
| Gross Rent Multiplier | 11.49 |
| Estimated Taxes | $12,365 |
Listing Details
| Agent | Scott Malouff |
|---|---|
| Office | Keller Williams Heritage |
| Contact Info | (210) 365-6192 |