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Size: 0.44 Acres

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MULTI_FAMILY - San Antonio, TX

Prime value-add 8-plex offered at $699,000. 1409 W Woodlawn Ave is a 1940-built, 2-story, brick multifamily property totaling 10,851 SF on a 0.44-acre lot with MF-33 (Multi-Family District) zoning. Partial value-add has already been completed: 6 of 8 units have been renovated and are now demanding higher rates based on historical lease rates, leaving additional investor upside to complete the remaining improvements and pursue minor cosmetic upgrades that could support further rent growth. Exterior/curb appeal upside includes a landscaping refresh to enhance tenant appeal and marketability. Stabilized proforma NOI: $58,080, translating to an 8.31% stabilized cap rate at the offering price. Infill location with strong lifestyle and demand drivers: Woodlawn Lake Park ~0.9 mi (18-min walk) and San Pedro Springs Park ~1.5 mi (3-min drive). Nearby retail includes Deco Plaza ~0.6 mi (12-min wal...

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Devora Realty

Austin, TX

(512) 400-4248

Nathan Young

Devora Realty
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Devora Realty, (512) 400-4248
Source: ListHub, MLS# 1932637
Listing status: Active
Listing last updated: January 9, 2026 at 1:37 PM
Listing last checked: January 9, 2026 at 1:30 PM
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