For Sale

18-Unit Multifamily in Downtown San Antonio, TX

2031 Fredericksburg Road | San Antonio, TX 78201-4447, US

price$1,600,000
property typeCommercial Sale
year built1955

highlights

18-unit multifamily in the Museum District of San Antonio
Rooftop downtown views and strong traffic exposure (20K+ VPD)
Five fully renovated units (2025 scope) with updated interiors
Remaining units primed for light value-add repositioning
In-place rent roll ≈ $14,825/month (see OM for details)
18 surface parking spaces (1:1 ratio)
On-site laundry income + potential RUBS implementation
Individually metered for electricity
Walking distance to H-E-B, transit lines, restaurants, museums, and I-10 access
Proximity to San Antonio College, the Pearl District, and Medical Center
Strong local tenant base and low historical vacancy

property
details

STATUSActive
SALE PRICE PER UNIT$1,600,000
YEAR BUILT1955
PROPERTY TYPECommercial Sale
BUILDING SIZE9,456 SF
LOT SIZE0.26 acres
CAP RATE6.7%
SALE PRICE$1,600,000
ZONINGMF-33
DAYS ON MARKET93

property
description

Originally built in 1955 and meticulously maintained, the building spans roughly 9, 456 SF on a prime corner lot. Five of the 18 units have been recently renovated (2025 scope), featuring upgraded flooring, modern lighting, refreshed kitchens and baths, and improved fixtures. The remaining units present a straightforward value-add opportunity to further increase rent potential. All units are individually metered for electricity, with 18 surface parking spaces and on-site laundry facilities (ownership retains income). The flat rooftop provides expansive downtown San Antonio views—offering potential for a branded rooftop deck or tenant amenity space. With strong in-place occupancy and a proven rent roll (approx. $14, 825/mo.), investors can achieve solid returns today and meaningful upside through additional renovations, RUBS implementation, and common-area enhancements. This offering represents a rare opportunity to acquire a stabilized, value-add multifamily asset in one of San Antonio’s most sought-after submarkets—surrounded by culture, strong employment anchors, and sustained rental demand. Schedule a tour or request the full Offering Memorandum today.

location
description

2031 Fredericksburg Road | San Antonio, TX 78201-4447, US

Positioned in San Antonio’s highly desirable Museum District, this 18-unit multifamily property offers a unique combination of in-place cash flow, renovation upside, and rooftop downtown skyline views. Located along the well-traveled Fredericksburg corridor (20, 000+ vehicles daily), the property is within walking distance to H-E-B, restaurants, coffee shops, and city transit—delivering an ideal location for working professionals and Medical Center commuters alike.

Daniel Eng | CCIM

Daniel Eng | CCIM

TX #514529
(469) 916-8888

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