About 2019 Martin Luther King
Great rental income opportunity awaits with this unique property featuring two homes on one lot! The front home boasts 3 bedrooms and 1 bath, complemented by a very large laundry room that offers potential for conversion into a second bathroom. With over 1,200 sq ft of living space in excellent condition, it includes a spacious driveway and a carport in the back for two cars. Both homes share one water meter, while the front home is equipped with window units for cooling. The back home is a cozy 1-bedroom, 1-bath retreat that serves as an excellent secondary income source. This property's rear unit is specifically designed for modern comfort and privacy.
Features of 2019 Martin Luther King
| MLS® # | 1952323 |
|---|---|
| Price | $159,500 |
| Number Of Units | 2 |
| Square Footage | 1,720 |
| Acres | 0.15 |
| Year Built | 1924 |
| Type | Multi-Family (2-8 Units) |
| Sub-Type | One Story |
| Status | Active |
Community Information
| Address | 2019 Martin Luther King |
|---|---|
| Subdivision | E HOUSTON SO TO HEDGESSA |
| City | San Antonio |
| County | Bexar |
| State | TX |
| Zip Code | 78203 |
Multi-Unit Information
| Gross Annual Income | $26,640 |
|---|---|
| Net Operating Income | $20,660 |
| Annual Operating Expense | $5,980 |
| Operating Expense Includes | Taxes, Insurance, Other |
Unit 1 Information
| Bedrooms | 3 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Carport |
| Handicap Access | NO |
| Rent | $1,350 |
| Occupied | NO |
| Includes | Washer Connection, Dryer Connection |
Unit 2 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Carport |
| Handicap Access | NO |
| Rent | $870 |
| Occupied | YES |
| Includes | Oven/Stove, Refrigerator, Washer, Dryer |
Amenities
| Has Pool | No |
|---|
Interior
| Heating | Central, Floor Furnace |
|---|---|
| Cooling | Window/Wall, One Central |
| Has Basement | No |
Exterior
| Exterior | Wood, Cement Fiber |
|---|---|
| Exterior Features | Mature Trees |
| Roof | Metal |
| Construction | Pre-Owned |
School Information
| District | San Antonio I.S.D. |
|---|---|
| Elementary | Smith |
| Middle | Poe |
| High | Highlands |
Additional Information
| Date Listed | March 26th, 2026 |
|---|---|
| Days on Market | 109 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 12.95 |
| Gross Rent Multiplier | 5.99 |
| Estimated Taxes | $3,783 |
Listing Details
| Agent | Iliana Chavira |
|---|---|
| Office | StepStone Realty, LLC |
| Contact Info | (956) 391-6366 |