About 216 Avondale Ave
Investor opportunity with plenty of potential! Built in 1924, this multi-family property features two separate units, each offering 1 bedroom and 1 bathroom. The home is in need of renovation and is ready for an investor or buyer with a vision to restore it to its original charm and character. Both units feature wood and laminate flooring throughout, and the property includes a storage building located at the rear of the lot for added convenience. With its classic 1920s construction and flexible two-unit layout, this property offers an excellent opportunity for renovation, rental income, or a long-term investment. Bring your ideas and give this historic property the updates it needs to shine once again!
Features of 216 Avondale Ave
| MLS® # | 2019575 |
|---|---|
| Price | $155,000 |
| Number Of Units | 2 |
| Square Footage | 1,459 |
| Acres | 0.17 |
| Year Built | 1924 |
| Type | Multi-Family (2-8 Units) |
| Sub-Type | One Story |
| Status | New |
Community Information
| Address | 216 Avondale Ave |
|---|---|
| Subdivision | HOTWELLS |
| City | San Antonio |
| County | Bexar |
| State | TX |
| Zip Code | 78223 |
Multi-Unit Information
| Gross Annual Income | $20,400 |
|---|---|
| Net Operating Income | $13,900 |
| Annual Operating Expense | $6,500 |
| Operating Expense Includes | Taxes, Insurance, Maintenance |
Unit 1 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $850 |
| Occupied | NO |
| Includes | Washer Connection, Dryer Connection |
Unit 2 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $850 |
| Occupied | NO |
| Includes | Washer Connection, Dryer Connection |
Amenities
| Has Pool | No |
|---|
Interior
| Heating | Other |
|---|---|
| Cooling | Window/Wall |
| Has Basement | No |
Exterior
| Exterior | Siding |
|---|---|
| Exterior Features | Mature Trees, Patio Slab |
| Roof | Composition |
| Construction | Pre-Owned |
School Information
| District | San Antonio I.S.D. |
|---|---|
| Elementary | Ball |
| Middle | Connell |
| High | Highlands |
Additional Information
| Date Listed | September 26th, 2026 |
|---|---|
| Days on Market | 1 |
| Zoning | R-4 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 8.97 |
| Gross Rent Multiplier | 7.60 |
| Estimated Taxes | $3,659 |
Listing Details
| Agent | Adam Morgan |
|---|---|
| Office | Option One Real Estate |
| Contact Info | (210) 392-2851 |