$849,000

227 grimes, San Antonio, TX 78203

4,356 sqft

Multi-Family Home
Built in 2024
6,242sqft lot
—— car garage
$195/sqft
Listed 2 months ago

Property Description

A Strong Investment Opportunity in the Rapidly Growing 78203 Zip Code! Price Improvement - Now Offered at $749,000! Discover this fully leased new construction 4-plex, thoughtfully designed as two duplexes in separate buildings, and generating $5,800/month in rental income. This turnkey investment offers immediate cash flow and a prime location near Downtown San Antonio and the approved Marble redevelopment project-a key driver in the area's rapid appreciation. Located just 2 miles from the Hemisfair District & River Walk, this property features four spacious units, each offering 1,089 sq. ft., 3 bedrooms, and 2.5 baths. Interiors showcase open-concept layouts, modern kitchens, light wood-style flooring, and updated bathrooms, providing tenants with comfort and style while keeping ownership low-maintenance. Each residence includes a private driveway and covered carport. The property sits one block from St. Philip's College and is minutes from the Alamo Dome, Frost Bank Center, Fort Sam Houston, and major highways I-35 and I-10. Ideal for long-term tenants or short-term rental opportunities (Airbnb), this fully occupied asset combines modern design, strong location, and consistent rental performance-making it a standout investment in one of San Antonio's fastest-growing zip codes. One of the property owners is a licensed real estate agent in the State of Texas.

Listing Status:: Active
Date Added:: August 20, 2025 at 05:00AM
Listing Office:: The Ortiz Firm : (817) 996-6604
Listing Agent:: Guy Rubio : (210) 264-3639
MLS ID:: 1894289

Flooring: CarpetingVinyl
A/C: Unit Central
Heating: CentralElectric

General: SidingPrivacy FenceDouble Pane Windows
Style: Two StoryContemporary

General: Slab

School District: San Antonio I.S.D.
County: Bexar

Zoning: RM-4NCB 1462 BLK 27 LOT 14014620270140

Utilities: CPS
Water: Water SystemSewer SystemCity
Sewer: SAWS

This listing courtesy of Guy Rubio, The Ortiz Firm

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Smith Elementary School

823 S Gevers St, San Antonio, TX, 78203

Grades PK-5

0.44 miles away

Poe Middle School

814 Aransas Ave, San Antonio, TX, 78210

Grades 6-8

0.51 miles away

St Philip's College Early College High School With Saisd

1801 Martin Luther King Dr Rm 119, San Antonio, TX, 78203

Grades 9-12

0.54 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.