About 1407 W Woodlawn Ave
Six-unit investment opportunity with historic charm and strong rental-income potential in central San Antonio! Located near Woodlawn Lake, this property includes four identical units in the main building and a detached rear duplex with two one-bedroom, one-bath units. The main building features original wood flooring, abundant natural light, updated kitchen countertops and cabinets, and updated bathrooms. The rear duplex offers an opportunity to complete the remaining kitchen finish-out, including cabinets and countertops, and bring two additional rentals online. Each unit has separate CPS electric and gas meters, helping simplify utility management. All six units are vacant, giving the next owner flexibility to complete improvements, select tenants and establish new leases at market rents. A bus stop directly across the street adds convenience for future residents, while the central location offers access to area shopping, dining and recreation. With much of the interior updating already completed, this property offers a practical path toward building rental income while preserving its original character. REO property sold as-is. Seller financing may be available.
Features of 1407 W Woodlawn Ave
| MLS® # | 2015101 |
|---|---|
| Price | $390,000 |
| Number Of Units | 6 |
| Square Footage | 4,328 |
| Acres | 0.16 |
| Year Built | 1948 |
| Type | Multi-Family (2-8 Units) |
| Sub-Type | Two Story |
| Status | New |
Community Information
| Address | 1407 W Woodlawn Ave |
|---|---|
| Subdivision | WOODLAWN LAKE |
| City | San Antonio |
| County | Bexar |
| State | TX |
| Zip Code | 78201 |
Multi-Unit Information
| Gross Annual Income | $72,000 |
|---|---|
| Net Operating Income | $72,000 |
| Operating Expense Includes | Not Applicable/None |
Unit 1 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Pad, Street |
| Handicap Access | NO |
| Rent | $1,000 |
| Occupied | NO |
| Includes | Stacked Wsh/Dry Connect |
Unit 2 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Pad, Street |
| Handicap Access | NO |
| Rent | $1,000 |
| Occupied | NO |
| Includes | Stacked Wsh/Dry Connect |
Unit 3 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Pad, Street |
| Handicap Access | NO |
| Rent | $1,000 |
| Occupied | NO |
| Includes | Stacked Wsh/Dry Connect |
Unit 4 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Pad, Street |
| Handicap Access | NO |
| Rent | $1,000 |
| Occupied | NO |
| Includes | Stacked Wsh/Dry Connect |
Unit 5 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Pad, Street |
| Handicap Access | NO |
| Rent | $1,000 |
| Occupied | NO |
| Includes | Stacked Wsh/Dry Connect |
Unit 6 Information
| Parking Type | Pad, Street |
|---|---|
| Includes | Stacked Wsh/Dry Connect |
Amenities
| Has Pool | No |
|---|
Interior
| Heating | Window Unit |
|---|---|
| Cooling | Window/Wall |
| Has Basement | No |
Exterior
| Exterior | 4 Sides Masonry, Stone/Rock |
|---|---|
| Exterior Features | Detached Quarters, Level |
| Roof | Composition |
| Construction | Pre-Owned |
School Information
| District | San Antonio I.S.D. |
|---|---|
| Elementary | Woodlawn |
| High | Edison |
Additional Information
| Date Listed | September 8th, 2026 |
|---|---|
| Days on Market | 1 |
| Zoning | MF-33 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | Yes |
| Cap Rate | 18.46 |
| Gross Rent Multiplier | 5.42 |
| Estimated Taxes | $9,623 |
Listing Details
| Agent | Nicholas Martin |
|---|---|
| Office | Virtuous Properties, LLC |
| Contact Info | (210) 663-4422 |