About 1246 Waverly
Owner open to Creative Financing options and Owner Financing. Live Mortgage-Free or Own a Turnkey Investment - 3 Private Units Near Woodlawn Lake Completely remodeled property features three separate, private units (all rehabbed in 2022), each with its own space and fencing. Ideal for an owner-occupant or an investor. Live in the front unit (~1,250 SF) and rent the two rear units (~800 SF each) to offset or fully cover your mortgage, or operate all three as income-producing rentals. Strong performance with ~87% occupancy and approximately $85K gross annual income. Two units are leased; the front unit is ready for short- or mid-term rental or owner occupancy. Zoned RM-4 (rare for the area), offering flexibility and future upside. No HOA. Prime location just 1 block from Woodlawn Lake and minutes from the Riverwalk and Pearl. The adjacent lot is also available for expansion for $89,000 or buy everything together for $650,000.
Features of 1246 Waverly
| MLS® # | 1917590 |
|---|---|
| Price | $600,000 |
| Number Of Units | 3 |
| Square Footage | 2,850 |
| Acres | 0.23 |
| Year Built | 1947 |
| Type | Multi-Family (2-8 Units) |
| Sub-Type | One Story |
| Status | Active |
Community Information
| Address | 1246 Waverly |
|---|---|
| Subdivision | WOODLAWN LAKE |
| City | San Antonio |
| County | Bexar |
| State | TX |
| Zip Code | 78201 |
Multi-Unit Information
| Gross Annual Income | $79,905 |
|---|---|
| Net Operating Income | $49,141 |
| Annual Operating Expense | $28,685 |
| Operating Expense Includes | All Utilities, Insurance, Maintenance, Miscellaneous, Services |
Unit 1 Information
| Bedrooms | 3 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 3 |
| Parking Type | Pad, Street |
| Handicap Access | NO |
| Rent | $3,017 |
| Occupied | NO |
| Includes | Furnished |
Unit 2 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 2 |
| Parking Type | Pad, Street |
| Handicap Access | NO |
| Rent | $1,719 |
| Occupied | YES |
| Includes | Furnished |
Unit 3 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 2 |
| Parking Type | Pad, Street |
| Handicap Access | NO |
| Rent | $1,922 |
| Occupied | YES |
| Includes | Furnished |
Amenities
| Has Pool | No |
|---|
Interior
| Heating | Central, Window Unit |
|---|---|
| Cooling | One Central, Unit Central |
| Has Basement | No |
Exterior
| Exterior | Siding |
|---|---|
| Exterior Features | Covered Patio, Mature Trees |
| Roof | Heavy Composition, Metal |
| Foundation | Other |
School Information
| District | San Antonio I.S.D. |
|---|---|
| Elementary | Fenwick |
| Middle | Fenwick |
| High | Jefferson |
Additional Information
| Date Listed | September 15th, 2025 |
|---|---|
| Days on Market | 273 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 8.19 |
| Gross Rent Multiplier | 7.51 |
| Estimated Taxes | $6,632 |
Listing Details
| Agent | Richard Moya |
|---|---|
| Office | redKorr Realty LLC |
| Contact Info | (210) 888-2664 |