78232 Real Estate Search

78232 Multi-Family Properties for Sale

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Newest 78232 Multi-Family Homes for Sale

$975,000
1943475 MLS ACTIVE Status
Welcome to 124 E Ashby - a rare historic 8-unit multifamily property located in the heart of Tobin Hill, one of Downtown San Antonio's most walkable and desirable neighborhoods. Originally a grand historic mansion, this architecturally distinctive property features hardwood floors, soaring ceilings, arched doorways, oversized windows, and spacious layouts - each unit offering its own unique character and charm. This is not a commodity apartment complex - it's a boutique historic asset with irreplaceable architectural appeal. Current rents are potentially under market, presenting a compelling value-add opportunity for investors seeking long-term upside. With 75% occupancy and immediate leasing potential on remaining units, there is a clear path toward stabilization and improved cash flow. A stabilized pro forma supports a 5% cap scenario, offering investors the opportunity to increase rents to market levels while benefiting from one of San Antonio's strongest rental corridors. Located just steps from St. Mary's Strip, residents enjoy walkable access to nightlife, restaurants, and entertainment. The property is also minutes from The Pearl, San Antonio College, and Downtown. This drives consistent tenant demand and long-term appreciation potential. This is a location-driven investment with built-in rental growth opportunity in a neighborhood where historic character and walkability command premium interest. 124 E Ashby is ideal for investors looking to reposition a unique historic asset in a high-growth urban submarket - not just another multifamily property, but a long-term hold with upside!

124 E Ashby Pl, San Antonio

$699,900
1941841 MLS ACTIVE Status
Builder offering rate buy-down options through preferred lender-as low as 4.25 (see attached for details). Select units are already pre-leased, and additional first-year property management incentives are available. A prime, turnkey addition to any investment portfolio. Fully leased and cash-flowing from day one, this luxury duplex is a standout investment in the booming DFW market. Built Class-A and designed for long-term performance, this new construction property sits on spacious acre lots with the added advantage of low property taxes-making it an ideal long-term hold. Each of the two thoughtfully designed single-story units offers approximately 1,653 SF of open-concept living space, featuring 3 bedrooms plus a versatile flex room (perfect as a fourth bedroom, office, or media space), 2 full baths, and an attached 2-car garage. Covered patios and private fenced backyards enhance tenant appeal with seamless indoor-outdoor living. Located at the corner of 875 and Edgewood Rd in the desirable Edgewood Estates community of Midlothian and zoned to highly regarded Waxahachie ISD. Just 30 minutes to both Downtown Dallas and Fort Worth, and only 8-10 minutes to Methodist Midlothian Medical Center, Baylor Scott & White Waxahachie, plus major retail and dining destinations. Easy access to major employment hubs further strengthens rental demand. Stabilized, income-producing, and positioned in one of North Texas' fastest-growing corridors-opportunities like this don't sit still.

6802/6804 Florence Drive, Midlothian

$469,900
1941213 MLS ACTIVE Status
Rare Cash Flowing Hill Country Investment Opportunity: Medina River RV Park and Camping. Secure a turnkey, cash-flowing property on the Medina River between San Antonio and Bandera. This meticulously maintained park features 16 full-hookup 20/30/50-amp RV sites and 2 tent sites, with ample space to add at least 6 more RV sites for immediate expansion. The property currently operates at a strong 9.37% cap rate with a projected 18.25% pro-forma upside achievable through simple operational adjustments like online bookings, rate optimization, and accepting short-term guests (no capital expenditure required as the infrastructure is already in place for growth). The park offers an incredible utility moat including dual water sources with both city water and a private well, 6 metered electrical poles, high-speed fiber internet, and 6 permitted conventional septic systems designed for high capacity. Guest-centric amenities include on-site laundry, shower and restroom facilities, a park office with storage, covered RV and boat storage, and exclusive riverfront park access. Strategically designed for remote management, the property boasts extra-wide sites, mature trees for natural privacy, fencing, concrete pads, covered pavilions, and a park-owned security system. Ideally located for a diverse mix of short-term vacationers and long-term residents, this park offers the perfect combination of buy-and-hold stability and massive value-add potential. Capitalize on the untapped revenue streams of this high-performing Hill Country property. Schedule your tour today!

605 Lakeshore Ln, Bandera

$730,000
1941055 MLS ACTIVE Status
834 W Russell Place is a fully renovated four-unit multifamily property located in the historic Alta Vista neighborhood, just minutes from Downtown San Antonio and The Pearl. Originally constructed in 1925, the building underwent a comprehensive down-to-the-studs renovation completed in summer 2025, including foundation work, new plumbing, electrical, HVAC, insulation, and windows. The only original element retained is the historic exterior brick facade, preserving the property's character while delivering modern performance. The property totals 2,080 square feet across four 1-bedroom, 1-bath units on approximately 0.13 acres and is fully occupied, offering immediate in-place cash flow. Interior finishes include granite countertops, stainless steel appliances, custom cabinetry, oak wood flooring, tile in wet areas, new interior doors, ceiling fans, and updated lighting fixtures throughout. Operational efficiency is enhanced by individual electric meters and an on-site community washer and dryer, contributing to reduced operating expenses and improved tenant convenience. The recent renovations materially lower near-term capital expenditure risk and position the asset for stable, long-term performance. Situated in one of San Antonio's most established and supply-constrained neighborhoods, the property benefits from proximity to downtown amenities, universities, and major employment centers, as well as planned infrastructure improvements including the VIA Rapid Green Line. 834 W Russell Place offers a compelling opportunity to acquire a turnkey, cash-flowing multifamily asset that delivers modern investment performance within one of the city's most historic neighborhoods.

834 W Russell Pl, San Antonio

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