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8 Units in Olmos Park Terrace

$1,100,000

137 E. Norwood Court, San Antonio, TX 78212

Active
Last Updated: 03/19/2025

5.92

Cap Rate

37,030

NOI

Details:
Cap Rate:    5.92%
NOI:    $37,030
Building Size:    4,775 sqft
Lot Area:    0.18 acres
Occupancy:    85%
Units:    8
Year Built:    1963
Floors:    2
Highlights:
  • Centrally Located
  • High demand rental market
  • Stable neighborhood
  • Property includes 5 units in main structure and 3 units carriage house
  • 8 Assigned parking spaces
  • On-Site Laundry facility (coin operated)
  • All units have wood floors
  • Appliance Package
Description:

Centrally Located 8-plex in Olmos Park Terrace with Upside Potential on Rents

Discover this exceptional centrally located 8-unit property nestled in a stable neighborhood, renowned for its robust rental demand. Set amidst a vibrant community, this investment opportunity promises significant upside potential on rents.

Property Highlights:

Unique Layout: The property comprises a main structure housing 5 spacious units, accompanied by a charming carriage house with 3 additional units, providing versatility and appeal to a diverse tenant base.

Convenient Amenities: Residents benefit from 8 assigned parking spaces, ensuring ease and convenience. Additionally, an on-site coin-operated laundry facility meets everyday needs efficiently.

Sophisticated Interiors: All units boast elegant wood flooring, exuding warmth and style, complemented by a comprehensive appliance package that enhances living convenience. Many Units have been upgraded with Quartz counters in the kitchen and tile backsplashes.

Embrace the opportunity to invest in a high-demand rental market with promising potential for revenue growth. This property's strategic location and thoughtful features make it a compelling choice for discerning investors.



This beautifully maintained 8 unit is centrally located within 5 miles of Downtown San Antonio.
Located just a few blocks from the intersection of McCullough and Hildebrand.
Tenant base pulls from Incarnate Word University, Trinity University and local professional working downtown.
3.5 Miles from The Pearl and 2 miles from San Antonio College.

Well maintained
Property includes 5 units in main structure and 3 units carriage house
8 Assigned parking spaces
On-Site Laundry facility (coin operated)
Wood floors in all units
Appliance package



NCB 6557 Blk 3 Lot 36, 37 & w 9 Ft of 38

Map:
Documents:
Title
137 E. Norwood Survey (version 2).pdf
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Offering_Memorandum__L_.pdf
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Offering_Memorandum__L_.pdf
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Offering_Memorandum__L_.pdf
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Location
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