A fantastic opportunity to obtain 4 units to add to your investment portfolio. Regardless if you are a seasoned investor or not, take a look at this 4-unit property sitting on a corner lot. All units have vinyl plank flooring throughout, double pane windows. Open floor plan living kitchen combinations. This investment property has easy access to Loop 410, Hwy 90 and Hwy 151. Some images in this listing have been virtually staged.
Sold
Price Unknown
2531 Observation, San Antonio, TX 78227
8beds
2,850sqft
Multi Family
Built in 1944
-- sqft lot
$174,300 Zestimate®
$--/sqft
$1,113 Estimated rent
Home value
$174,300
$164,000 - $185,000
$1,113/mo
Zestimate® history
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List your homeWhat's special
Vinyl plank flooring throughoutCorner lotDouble pane windows
Zillow last checked:
Listing updated:
Listed by:
Joe Davalos TREC #304731 (210) 573-3560,
Davalos & Associates
Source: LERA MLS,MLS#: 1928890
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- None, Other
Cooling
- None
Features
- Flooring: Laminate
- Has basement: No
Interior area
- Total interior livable area: 2,850 sqft
Property
Parking
- Total spaces: 4
- Parking features: Parking Pad, Pad
Features
- Levels: One
- Stories: 1
- Exterior features: Not Applicable/None
Lot
- Size: 9,713 Square Feet
Details
- Parcel number: 155070090110
- Zoning description: R-6
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Other
- Roof: Composition
Condition
- Year built: 1944
Utilities & green energy
- Electric: Common Electric Meter(s)
- Water: Common Water Meter(s)
Community & HOA
Community
- Subdivision: Lackland Terrace
Location
- Region: San Antonio
Financial & listing details
- Tax assessed value: $209,030
- Annual tax amount: $4,902
- Date on market: 3/18/2026
- Cumulative days on market: 140 days
- Listing terms: Cash
- Total actual rent: 3800
Price history
| Date | Event | Price |
|---|---|---|
| 6/17/2026 | Sold | -- |
Source:  LERA MLS #1928890 Report a problem | ||
| 5/20/2026 | Pending sale | $179,900$63/sqft |
Source: LERA MLS #1928890 Report a problem | ||
| 4/8/2026 | Price change | $179,900-3.2%$63/sqft |
Source: LERA MLS #1928890 Report a problem | ||
| 3/18/2026 | Listed for sale | $185,900$65/sqft |
Source: LERA MLS #1928890 Report a problem | ||
| 3/4/2026 | Listing removed | $185,900$65/sqft |
Source: LERA MLS #1928890 Report a problem | ||
| 1/15/2026 | Pending sale | $185,900$65/sqft |
Source: LERA MLS #1928890 Report a problem | ||
| 12/16/2025 | Listed for sale | $185,900-61.3%$65/sqft |
Source: LERA MLS #1928890 Report a problem | ||
| 8/25/2025 | Listing removed | $480,000$168/sqft |
Source: LERA MLS #1862272 Report a problem | ||
| 4/29/2025 | Listed for sale | $480,000$168/sqft |
Source: LERA MLS #1862272 Report a problem | ||
| 10/1/2020 | Sold | -- |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,787 -2.4% | $209,030 -2.4% |
| 2024 | $4,903 -6.9% | $214,110 -6.7% |
| 2023 | $5,268 +73.9% | $229,370 +87.5% |
| 2022 | $3,029 +34.5% | $122,360 +16.2% |
| 2021 | $2,252 | $105,270 +13.1% |
| 2020 | $2,252 +9.3% | $93,080 +17.8% |
| 2019 | $2,061 | $79,000 +2.6% |
| 2018 | $2,061 -0.1% | $77,000 -4.1% |
| 2017 | $2,064 +6.8% | $80,270 +2.3% |
| 2016 | $1,933 +30.9% | $78,470 +4.8% |
| 2015 | $1,477 | $74,880 +35.1% |
| 2014 | $1,477 | $55,420 +1.2% |
| 2013 | -- | $54,750 -7.2% |
| 2012 | -- | $58,970 -4.6% |
| 2011 | -- | $61,790 -4.3% |
| 2010 | -- | $64,600 -4.2% |
| 2009 | -- | $67,420 -6.6% |
| 2008 | -- | $72,180 +24.1% |
| 2006 | -- | $58,170 +16.8% |
| 2005 | -- | $49,800 |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
| 2000 | -- | -- |
Find assessor info on the county website
Neighborhood: Lackland Terrace
Nearby homes
- $--2 bd1 ba750 sqft2531 Observation Dr #2, San Antonio, TX 78227Off Market
- $--2 bd1 ba750 sqft2531 Observation Dr UNIT 1, San Antonio, TX 78227Off Market
- $--2 bd1 ba750 sqft8109 Glider Ave #1, San Antonio, TX 78227Off Market
- $--2 bd1 ba750 sqft8109 Glider Ave #2, San Antonio, TX 78227Off Market
- $--6 bd3 ba1.2k sqft2527 Observation Dr, San Antonio, TX 78227Sold
- $--2 bd1 ba700 sqft2527 Observation Dr APT 2, San Antonio, TX 78227Off Market
- $--2 bd1 ba565 sqft2527 Observation Dr APT 3, San Antonio, TX 78227Off Market
- $--2 bd1 ba700 sqft2527 Observation Dr APT 1, San Antonio, TX 78227Off Market
Nearby schools
GreatSchools rating
- 6/10Westwood Terrace Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 4/10Jones Middle SchoolGrades: 6-8Distance: 1.9 mi
- 3/10Jay High SchoolGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- District: Northside
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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Estimated market value
$174,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$174,300
- Texas
- Bexar County
- San Antonio
- 78227
- Lackland Terrace
- 2531 Observation
Nearby cities
Nearby neighborhoods
Nearby zip codes
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