For sale

$850,000

2807 Observation, San Antonio, TX 78227

16beds

5,800sqft

$6,169/mo

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Multi Family

Built in 1973

-- sqft lot

$-- Zestimate^®

$147/sqft

$-- HOA

What's special

New windowsLvp flooringGranite-style countertopsTwo bedroom floor plans

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.

128 days

333

25

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 16
Bathrooms: 8
Full bathrooms: 8

Heating

Central, Natural Gas

Cooling

Unit Central

Appliances

Included: Oven, Disposal, Oven/Stove, Refrigerator
Laundry: Washer Hookup, Dryer Connection, Washer Connection

Features

Flooring: Carpet, Vinyl
Has basement: No

Interior area

Total interior livable area: 5,800 sqft

Property

Parking

Total spaces: 8
Parking features: Parking Pad, Pad

Features

Levels: Two

Lot

Size: 9,713 Square Feet
Residential vegetation: Mature Trees

Details

Parcel number: 155090070020

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Siding
Foundation: Slab
Roof: Composition

Condition

Year built: 1973

Utilities & green energy

Electric: Separate Electric Meter(s), Common Electric Meter(s)
Utilities for property: Cable Available

Community & HOA

Community

Subdivision: Not In Defined Subdivision

Location

Region: San Antonio

Financial & listing details

Price per square foot: $147/sqft
Tax assessed value: $515,000
Annual tax amount: $7,288
Price range: $850K - $850K
Date on market: 3/17/2026
Cumulative days on market: 129 days
Listing terms: Conventional,Cash
Total actual rent: 7850

Estimated market value

Not available

Estimated sales range

Not available

$1,057/mo

Price history

Date	Event	Price
3/17/2026	Listed for sale	$850,000$147/sqft
Source: LERA MLS #1949529 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$11,794 -8.8%	$515,000 -8.8%
2024	$12,931 +39%	$564,750 +39.4%
2023	$9,302 +8.9%	$405,000 +17.4%
2022	$8,540 -3%	$345,000 +3%
2021	$8,803	$335,000 -5.3%
2020	$8,803 +2.2%	$353,720 +7.2%
2019	$8,609	$330,000 +5.8%
2018	$8,609 +19.4%	$312,000 +10.3%
2017	$7,211 +3.3%	$282,775 +5.9%
2016	$6,982 +7.5%	$266,980 +4.4%
2015	$6,492	$255,800 +6.3%
2014	$6,492	$240,580
2013	--	$240,580
2012	--	$240,580
2011	--	$240,580
2010	--	$240,580 -13.9%
2009	--	$279,440 +0%
2008	--	$279,310 +11.7%
2007	--	$250,020
2006	--	$250,020 +706.5%
2005	--	$31,000
2004	--	--
2003	--	--
2002	--	--
2001	--	--
2000	--	--

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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