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!
For sale
Price cut: $10K (6/6)
$139,900
12064 Park Road 37, Lakehills, TX 78063
2beds
15,500sqft
Multi Family
Built in 1955
-- sqft lot
$-- Zestimate®
$9/sqft
$-- HOA
What's special
Two buildingsAmple parkingSeven lots
- 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#: 1875203
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
| Date | Event | Price |
|---|---|---|
| 6/6/2026 | Price change | $139,900-6.7%$9/sqft |
Source: | ||
| 3/18/2026 | Price change | $149,900-11.8%$10/sqft |
Source: | ||
| 1/8/2026 | Price change | $169,900-10.5%$11/sqft |
Source: | ||
| 7/12/2025 | Price change | $189,900-5%$12/sqft |
Source: | ||
| 6/12/2025 | Listed for sale | $199,900+66.7%$13/sqft |
Source: | ||
| 5/26/2023 | Listing removed | -- |
Source: | ||
| 3/4/2023 | Listed for sale | $119,900+72.5%$8/sqft |
Source: | ||
| 1/8/2021 | Listing removed | -- |
Source: LERA MLS Report a problem | ||
| 1/4/2021 | Pending sale | $69,500$4/sqft |
Source: Coldwell Banker Stagecoach RE #1497297 Report a problem | ||
| 11/30/2020 | Listed for sale | $69,500$4/sqft |
Source: Coldwell Banker Stagecoach RE #1497297 Report a problem | ||
| 4/16/2020 | Sold | -- |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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.Climate risks
Neighborhood: Lakehills
Nearby schools
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.