$639,000

1246 Waverly, San Antonio, TX 78201

  • 1,244 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1947
  • Property Lot Size Icon0.35acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $514/sqft
  • Property List Date Icon Listed 5 months ago

Property Description

Completely remodeled STR Investment property. 8.4 Cap Rate and 87% occupancy - WOW. Location couldn't be better-less than 5 minutes from the bustling Riverwalk and the trendy Pearl district. Zoned RM-4-an extraordinary rarity in this sought-after lakeside enclave-this property stands out as a prime investment. With three meticulously rehabbed units (2022) and no HOA to worry about, you'll appreciate the current gross annual income of $85K and an impressive cap rate. Two units are already rented with established leases, while the front unit offers fantastic short and mid-term rental potential. Plus, with RM-4 zoning, there's room to add a charming tiny house! Included in this incredible package are all furnishings and an inventory of everything you need to hit the ground running. This property is not just a triplex; it's a fantastic investment opportunity waiting for you to seize! Don't miss out-schedule your viewing today and make this gem yours!

Listing Status:
Active
Date Added:
September 15, 2025
Data Last Updated:
February 19, 2026 at 9:53PM
Listing Office:
redKorr Realty LLC : (210) 888-2626
Listing Agent:
Richard Moya : (210) 888-2664
MLS ID:
1917590
  • Flooring: Ceramic TileVinyl
  • A/C: One Central
  • Heating: CentralWindow UnitNatural Gas
  • General: SidingCovered PatioWrought Iron FenceMature Trees
  • Style: One Story
  • Roofing: Metal
  • General: Other
  • School District: San Antonio I.S.D.
  • County: Bexar
  • Zoning: Ncb 2056 Blk 16 Lot 14 And 15020560160140
  • Water: Water SystemSewer SystemCity

This listing courtesy of Richard Moya , redKorr Realty LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

F

Fenwick Academy

1930 Waverly Ave, San Antonio, TX, 78228

Grades PK-8

0.48 miles away

F

Fenwick Academy

1930 Waverly Ave, San Antonio, TX, 78228

Grades PK-8

0.48 miles away

J

Jefferson High School

723 Donaldson Ave, San Antonio, TX, 78201

Grades 9-12

1.23 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.