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Diane Hart Alexander, MBA, MHA

diane@alex.realestate +1(713) 591-9902

$ 379,900

Est. payment -/mo

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Back on Market

207 Hermine San Antonio, TX 78212

3 Beds

2 Baths

1,376 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family (2-8 Units)

Listing Status Back on Market

Purchase Type For Sale

Square Footage 1,376 sqft

Price per Sqft $276

Subdivision Olmos Park Terrace

MLS Listing ID 1850659

Style One Story

Bedrooms 3

Full Baths 2

Construction Status Pre-Owned

Year Built 1953

Annual Tax Amount $6,246

Lot Size 8,189 Sqft

Property Sub-Type Multi-Family (2-8 Units)

Property Description

Turnkey duplex in the Olmos Park Terrace Historic District - now even better for serious investors and house hackers! Both units are currently tenant-occupied and generating strong rental income - Unit 1 (2 bed, 1 bath) is newly leased at $2,000/month on a 1-year term, and Unit 2 (1 bed, 1 bath) is month-to-month at $1,800/month. That's a total of $3,800/month, hitting the sought-after 1% rule for investment properties - a rare find in today's market! Fully furnished and successfully operated as an Airbnb and corporate rental, this property has drawn steady demand from traveling professionals and short-term guests. Recent improvements include a new roof, foundation work, updated plumbing, and electrical upgrades. All-electric setup with one shared water heater. Located just 4 miles from Downtown San Antonio and close to The Quarry, Olmos Basin Park, HEB, USAA, and Southwest Research Institute, ensuring strong long-term rental demand. Eligible for historic tax exemptions, helping maximize cash flow (2024 taxes with exemptions approx. $4,860.31). New list price: $379,900 to reflect recent investments made by the sellers. Seller Financing available! Third-party program with 10% down payment option - contact us for more details. Important showing instructions: Both units are occupied. To minimize disturbance to tenants, proof of funds or pre-approval letter is required before scheduling a showing. 24-hour advance notice via ShowingTime is mandatory. Don't miss this cash-flowing, move-in-ready duplex with rare flexibility for house hacking, midterm, or long-term rentals! Serious inquiries only.

Location

State TX

County Bexar

Area 0900

Zoning R-4

Interior

Heating Central

Cooling Multi-Unit Central

Flooring Ceramic Tile, Laminate

Exterior

Exterior Feature Siding

Garage Spaces 4.0

Roof Type Composition

Building

Foundation Slab

Sewer City

Water City

Construction Status Pre-Owned

Schools

Elementary Schools Rogers

Middle Schools Rogers

High Schools Edison

School District San Antonio I.S.D.

Others

Miscellaneous Historic District

Acceptable Financing Conventional, FHA, VA, 1st Seller Carry, TX Vet, Cash, Investors OK, Other

Listing Terms Conventional, FHA, VA, 1st Seller Carry, TX Vet, Cash, Investors OK, Other

Listed by Hiroki Irino • StepStone Realty, LLC • (210) 802-7262

Diane Hart Alexander, MBA, MHA

Chair, CEO, Broker | License ID: 565194

+1(713) 591-9902

Diane Hart Alexander, MBA, MHA

207 Hermine San Antonio, TX 78212

Key Details

Location

Interior

Exterior

Building

Schools

Others

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207 Hermine