About 341&343 Avondale Ave
Rare investment opportunity with outstanding income-producing potential! This unique property features a move-in-ready 2-bedroom, 1-bath ADU, providing the opportunity for immediate rental income while completing improvements to the main residence. Renovations have already begun, allowing the next owner to build upon the progress and maximize the property's potential. The main house offers a flexible floor plan with the possibility for multiple living spaces, making it an attractive option for investors seeking rental income, house-hacking opportunities, or multi-generational living. A valuable feature of this property is the presence of separate city electric meters serving the existing living areas, offering added convenience for future management and utility allocation. Sold as-is, this property presents an excellent opportunity for investors looking to add value and create long-term cash flow. Properties with this level of flexibility and upside potential rarely become available. Whether you're expanding your investment portfolio or seeking a project with significant income possibilities, this property deserves a closer look.
Features of 341&343 Avondale Ave
| MLS® # | 1994941 |
|---|---|
| Price | $229,000 |
| Number Of Units | 4 |
| Square Footage | 2,516 |
| Acres | 0.23 |
| Year Built | 1942 |
| Type | Multi-Family (2-8 Units) |
| Sub-Type | One Story |
| Status | Active |
Community Information
| Address | 341&343 Avondale Ave |
|---|---|
| Subdivision | HOT WELLS |
| City | San Antonio |
| County | Bexar |
| State | TX |
| Zip Code | 78223 |
Multi-Unit Information
| Gross Annual Income | $47,400 |
|---|---|
| Net Operating Income | $40,400 |
| Annual Operating Expense | $7,000 |
| Operating Expense Includes | Taxes, Insurance |
Unit 1 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 2 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $950 |
| Occupied | NO |
| Includes | Not Applicable |
Unit 2 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 2 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $950 |
| Occupied | NO |
| Includes | Not Applicable |
Unit 3 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 2 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $1,050 |
| Occupied | NO |
| Includes | Not Applicable |
Unit 4 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 2 |
| Parking Type | Pad |
| Handicap Access | YES |
| Rent | $1,000 |
| Occupied | NO |
| Includes | Not Applicable, Dryer Connection, Oven/Stove, Washer Connection |
Amenities
| Has Pool | No |
|---|
Interior
| Heating | None |
|---|---|
| Cooling | Window/Wall |
| Has Basement | No |
Exterior
| Exterior | Siding |
|---|---|
| Exterior Features | Level, Mature Trees (ext feat), Mature Trees |
| Roof | Composition |
| Construction | Pre-Owned |
| Foundation | Slab |
School Information
| District | San Antonio I.S.D. |
|---|---|
| Elementary | Ball |
| Middle | Hot Wells |
| High | Highlands |
Additional Information
| Date Listed | June 25th, 2026 |
|---|---|
| Days on Market | 22 |
| Zoning | MF33 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 17.64 |
| Gross Rent Multiplier | 4.83 |
| Estimated Taxes | $3,365 |
Listing Details
| Agent | Maria Palacios |
|---|---|
| Office | K&E Realty |
| Contact Info | (210) 430-0031 |