227 GRIMES, SAN ANTONIO, TX 78203

Homes for sale in San Antonio.

Homes for sale in 78203.


227 grimes

San Antonio, TX 78203

Status of the property has changed, please contact for details

List Price$829,500

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #1894289

4

Number of Units

Multi-Unit Residential

Type

About This Property

A Strong Investment Opportunity in the Rapidly Growing 78203 Zip Code! Discover this new-construction 4-plex-designed as two duplexes in separate buildings-currently generating $4,249/month in rental income with one unit now available for lease at a market rate of $1,500/month. This property offers immediate cash flow, flexibility, and exceptional upside potential in a prime location near Downtown San Antonio and the approved Marvel redevelopment project-a key catalyst for rapid appreciation in the area. Located just 2 miles from the Hemisfair District and River Walk, the property features four spacious units, each offering 1,089 sq. ft., 3 bedrooms, and 2.5 baths. Interiors showcase open-concept layouts, modern kitchens, light wood-style flooring, and updated bathrooms-providing tenants with comfort and style while keeping ownership low-maintenance. Each residence includes a private driveway and covered carport. The property sits just one block from St. Philip's College and minutes from the Alamo Dome, Frost Bank Center, Fort Sam Houston, and major highways I-35 and I-10. Ideal for long-term tenants or short-term rental opportunities (Airbnb), this partially occupied but income-producing asset combines modern design, a strong location, and consistent rental performance-making it a standout investment in one of San Antonio's fastest-growing zip codes.

Listing Courtesy of Guy Rubio, The Ortiz Firm (210) 264-3639

Property Features

Location Information

County

Bexar

MLS Area

1200

Map Code

617E6

Subdivision

E HOUSTON SO TO HEDGESSA

Interior Features

Heating

Central

Unit 2 Features

Bedrooms: 3, FullBaths: 2, HalfBaths: 1

Heating Fuel

Electric

Unit 3 Features

Bedrooms: 3, FullBaths: 2, HalfBaths: 1

Cooling

Unit Central

Unit 4 Features

Bedrooms: 3, FullBaths: 2, HalfBaths: 1

Floors

Carpeting, Vinyl

Total Number of Units

4

Unit 1 Features

Bedrooms: 3, FullBaths: 2, HalfBaths: 1

Exterior Features

Exterior

Double Pane Windows

Sewer Supplier

SAWS

Siding

Siding

Water Supplier

SAWS

Builder

A & I HOMES

Electric Supplier

CPS

Foundation

Slab

Lot Size

0.1433

Roof

Composition

Zoning

RM-4

Water / Sewer

City

School

School District

San Antonio I.S.D.

Jr. High School

Poe

Elementary School

Smith

High School

Highlands

Additional Information

Property Type

RI

Status

Active

Year Built

2024

Miscellaneous

Home Service Plan, Bldr 10yr Warranty

None

Gross Annual Income

51,600

Similar Listings

Mortgage Calculator

$3,873

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$2,989

Monthly Tax

$691

Monthly Insurance

$193

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Schools

Walk Score

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