2807 OBSERVATION, SAN ANTONIO, TX 78227
Homes for sale in San Antonio.
Homes for sale in 78227.
2807 Observation
San Antonio, TX 78227
List Price$850,000
Listing #1949529
8
Number of Units
Multi-Unit Residential
Type
About This Property
Fully renovated 8 unit apartment building in the heart of San Antonio's Lackland AFB corridor one of the city's most best workforce housing submarkets. All units are two bedroom floor plans currently renting between $1,100-$1,300 per month with 7 of 8 units leased. Cash flowing from day one. The 2024 renovation was comprehensive: Replaced: roof, HVAC, new windows, LVP flooring, bathrooms, kitchens and appliances, granite-style countertops and cabinetry, drywall, fresh paint inside and out, doors, hardware, plumbing, and lighting throughout. Zero deferred maintenance.
Listing Courtesy of Scott Malouff, Keller Williams Heritage (210) 365-6192
Property Features
Location Information
County
Bexar
Subdivision
NOT IN DEFINED SUBDIVISION
MLS Area
0700
Interior Features
Heating
Central
Unit 2 Features
Bedrooms: 2, FullBaths: 1, HalfBaths: 0
Heating Fuel
Natural Gas
Unit 3 Features
Bedrooms: 2, FullBaths: 1, HalfBaths: 0
Cooling
Unit Central
Unit 4 Features
Bedrooms: 2, FullBaths: 1, HalfBaths: 0
Floors
Carpeting, Vinyl
Total Number of Units
8
Unit 1 Features
Bedrooms: 2, FullBaths: 1, HalfBaths: 0
Exterior Features
Exterior
Mature Trees, Cable TV Available
Foundation
Slab
Siding
Siding
Roof
Composition
Builder
Unknown
Lot Size
0.223
School
School District
Northside
Jr. High School
Jones
Elementary School
Westwood Terrace
High School
John Jay
Additional Information
Property Type
RI
Status
Active
Year Built
1973
None
Gross Annual Income
125,000
Similar Listings
Mortgage Calculator
$3,969
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$3,063
Monthly Tax
$708
Monthly Insurance
$198
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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© 2026 LERA MLS. All rights reserved.
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LERA MLS data last updated at April 6, 2026, 8:14 PM CT
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