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For sale
  • Price cut: $10K (6/6)
    $139,900

    12064 Park Road 37, Lakehills, TX 78063

    2beds
    15,500sqft
    : 
    $1,057/mo
    Get pre-qualified
    Multi Family
    Built in 1955
    -- sqft lot
    $-- Zestimate®
    $9/sqft
    $-- HOA

    What's special

    Two buildingsAmple parkingSeven lots
    Priced to sell! Take advantage of this multi-unit property with opportunities for upside and value-add! Located in the high-growth corridor northwest of San Antonio on Park Road 37, this unrestricted property offers a 33% pro-forma cap rate solely from projected rental income. Day one provides you with flexible options to immediately lease a minimum of six spaces (two buildings, two full hookup RV spaces, two camping/storage spaces), with space to add several more units across its seven lots. The property's buildings offer mixed-use potential ideal for retail, office, short-term rental, studio, storage, and/or QSR. The interior of one of the buildings includes a 1950s Spartan Mansion that is seamlessly integrated, creating a distinctive setting. Significant updates to the buildings and grounds have been implemented, including utilities, aesthetics, and site updates making this a turnkey opportunity for long-term leases or short-term rentals. Water, sewer, and electricity are throughout the property. With easy access to the new H-E-B grocer at Hwy 211/Culebra Rd, Alamo Ranch, Helotes, Bandera, and Medina Lake, plus ample parking and natural shade from mature oaks and cedars, this versatile property is full of potential. Seller Finance Option Terms (firm): $60K down payment, 2-Year Seller Carry, 12% Interest. Schedule your tour today!
    445 days
    171
    15

    Zillow last checked:

    Listing updated:

    Listed by:

    Thomas Martinez TREC #811495 (210) 878-6683,

    Leverage Realty Consulting Group

    Source: LERA MLS,MLS#: 1875203MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      Heating
      • 3+ Units, Electric
      Cooling
      • 3+ Window/Wall, Other
      Features
      • Flooring: Carpet, Painted/Stained
      • Windows: Solar Screens, Window Coverings
      • Has basement: No
      Interior area
      • Total interior livable area: 15,500 sqft

      Property

      Parking
      • Total spaces: 22
      • Parking features: Carport, Parking Pad, Pad, Attached
      • Has attached garage: Yes
      • Has carport: Yes
      Features
      • Levels: One
      • Patio & porch: Patio, Covered
      • Body of water: Lake Medina
      Lot
      • Size: 0.35 Acres
      • Residential vegetation: Mature Trees, Partially Wooded, Mature Trees (ext feat)
      Details
      • Additional structures: Workshop
      • Parcel number: 10300080640110

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Brick, Wood Siding, Metal Structure
      • Foundation: Slab, Other
      • Roof: Metal
      Condition
      • Year built: 1955
      Details
      • Builder name: Varies

      Utilities & green energy

      • Electric: BES, Common Electric Meter(s)
      • Gas: Private
      • Sewer: Septic, Septic
      • Water: Private Well, Common Water Meter(s)

      Community & HOA

      Community
      • Security: Security System
      • Subdivision: Avalon
      Location
      • Region: Lakehills

      Financial & listing details

      • Price per square foot: $9/sqft
      • Tax assessed value: $64,740
      • Annual tax amount: $1,057
      • Price range: $139.9K - $139.9K
      • Date on market: 6/12/2025
      • Cumulative days on market: 438 days
      • Listing terms: Conventional,FHA,VA Loan,1st Seller Carry,Lease Option,Cash,Investors OK,USDA Loan,Other
      • Total actual rent: 4200

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,057/mo

        Price history

        DateEventPrice
        6/6/2026Price change$139,900-6.7%$9/sqft
        Source: LERA MLS #1935442 Report a problem
        3/18/2026Price change$149,900-11.8%$10/sqft
        Source: LERA MLS #1875203 Report a problem
        1/8/2026Price change$169,900-10.5%$11/sqft
        Source: LERA MLS #1875203 Report a problem
        7/12/2025Price change$189,900-5%$12/sqft
        Source: LERA MLS #1875203 Report a problem
        6/12/2025Listed for sale$199,900+66.7%$13/sqft
        Source: LERA MLS #1875203 Report a problem
        5/26/2023Listing removed--
        Source: LERA MLS #1671226 Report a problem
        3/4/2023Listed for sale$119,900+72.5%$8/sqft
        Source: LERA MLS #1671226 Report a problem
        1/8/2021Listing removed--
        Source: LERA MLS Report a problem
        1/4/2021Pending sale$69,500$4/sqft
        Source: Coldwell Banker Stagecoach RE #1497297 Report a problem
        11/30/2020Listed for sale$69,500$4/sqft
        Source: Coldwell Banker Stagecoach RE #1497297 Report a problem
        4/16/2020Sold--
        Source: LERA MLS #1439438 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$644 +21.2%$47,448 +20%
        2024$531 -3.5%$39,540
        2023$551 +2.7%$39,540 +20.2%
        2022$536 $32,890 +6.2%
        2021-- $30,960 -17.2%
        2020$678 $37,400 +0.2%
        2019-- $37,330 +0.1%
        2018-- $37,310 +156.8%
        2017-- $14,530
        2016-- $14,530
        2015-- $14,530
        2014-- $14,530
        2013-- $14,530 +2.9%
        2012-- $14,120
        2010-- $14,120
        2009-- $14,120 +39.5%
        2008-- $10,120
        2007-- $10,120
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Lakehills

        Getting around

        7 / 100
        Car-Dependent
        2 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Hill Country
        • Middle: Bandera
        • High: Bandera
        • District: Bandera Isd

        Source: LERA MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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