About 1803 Texas
$125,000 BELOW RECENT APPRAISED VALUE! Recently appraised at $805,000, now offered at $680,000. Updated units of four detached casitas, long-term tenants in place, and seller offering 2% in buyer concessions with an acceptable offer. Prime opportunity to capture a Turnkey Quadplex in the sought-after Woodlawn Lake rental market with this high-performance four-unit asset, a premier choice for portfolio growth. The property itself features updated modern interiors and low-maintenance grounds for a seamless "buy and hold" acquisition!
Features of 1803 Texas
| MLS® # | 2003115 |
|---|---|
| Price | $680,000 |
| Number Of Units | 4 |
| Square Footage | 3,424 |
| Acres | 0.18 |
| Year Built | 1929 |
| Type | Multi-Family (2-8 Units) |
| Sub-Type | One Story |
| Status | Active |
Community Information
| Address | 1803 Texas |
|---|---|
| Subdivision | WOODLAWN LAKE |
| City | San Antonio |
| County | Bexar |
| State | TX |
| Zip Code | 78228 |
Multi-Unit Information
| Gross Annual Income | $73,800 |
|---|---|
| Net Operating Income | $54,271 |
| Annual Operating Expense | $19,529 |
| Operating Expense Includes | Taxes, Maintenance, Management, Miscellaneous |
Unit 1 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 2 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $1,500 |
| Occupied | YES |
| Includes | Oven/Stove, Disposal, Dishwasher, Refrigerator, Window Coverings, Stacked Washer/Dryer |
Unit 2 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 2 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $1,500 |
| Occupied | YES |
| Includes | Oven/Stove, Disposal, Dishwasher, Refrigerator, Stacked Washer/Dryer |
Unit 3 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 2 |
| Parking Type | Pad |
| Handicap Access | NO |
| Occupied | NO |
| Includes | Oven/Stove, Refrigerator, Dishwasher, Disposal |
Unit 4 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 2 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $1,575 |
| Occupied | NO |
| Includes | Dishwasher, Disposal, Oven/Stove, Refrigerator, Stacked Washer/Dryer |
Amenities
| Has Pool | No |
|---|
Interior
| Heating | Central |
|---|---|
| Cooling | Unit Central, Three+ Central |
| Has Basement | No |
Exterior
| Exterior | Wood, Siding |
|---|---|
| Roof | Composition |
School Information
| District | San Antonio I.S.D. |
|---|---|
| Elementary | Fenwick |
| Middle | Fenwick |
| High | Jefferson |
Additional Information
| Date Listed | July 24th, 2026 |
|---|---|
| Days on Market | 15 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 7.98 |
| Gross Rent Multiplier | 9.21 |
| Estimated Taxes | $11,323 |
Listing Details
| Agent | Eduardo Arroyos |
|---|---|
| Office | iHome Realty |
| Contact Info | (210) 625-2363 |