18-Unit Multifamily in Downtown San Antonio, TX
$1,600,000
2031 Fredericksburg Road, San Antonio, TX 78201
9,456 sqft
Building Size
0.26 acres
Lot Area
Details:
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
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.
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.
Documents:
| Title | ||
|---|---|---|
| NEW_Brochure__Mary_Louise_Apartments_.pdf |
Location
Gallery