227 GRIMES, SAN ANTONIO, TX 78203
Homes for sale in San Antonio.
Homes for sale in 78203.
227 grimes
San Antonio, TX 78203
List Price$829,500
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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