1. Cynthia Acosta, ABR,GRI,REALTOR ®
  2. Premier Realty Group

2031 Fredericksburg, San Antonio, TX 78201

Priced at Only: $1,600,000

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  • MLS#: 1922874 ( Commercial Improved Prop )
  • Street Address: 2031 Fredericksburg
  • Viewed: 15
  • Price: $1,600,000
  • Price sqft: $169
  • Waterfront: No
  • Year Built: 1955
  • Bldg sqft: 9456
  • Days On Market: 22
Description
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. 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.
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Features
Building and Construction
  • Apprx Age: 70
  • Buildingcenter Name: MARY LOUISE APARTMENTS
  • Ceiling Height: 10
  • Construction: Brick
  • Foundation: Other
  • Roof: Other
School Information
  • School District: San Antonio I.S.D.
  • School Tax: 10794.03
Garage and Parking
  • Num Total Parking: 20
Eco-Communities
  • Water/Sewer: 8400
Utilities
  • Gas And Electric: 4260
  • Number Of Rentals: 18
  • Number Of Units: 18
  • Rail Service: No
  • Utilities: Electricity, Gas, Water, Telephone, Sewer, Cable TV
Finance and Tax Information
  • Annual Tax: 16663
  • Available W Lease: No
  • Existing Exmptabatements: No
  • Insurance: 22996
  • Net Operating Income: 107437
  • Other Tax: 283.65
  • Total Tax: 16663.02
Rental Information
  • Vacancy Rate / Year: 10
Other Features
  • Accessibility: 36 inch or more wide halls, Hallways 42" Wide
  • Contract: Exclusive Right To Sell
  • Flood Plain: None
  • Instdir: From I-10, San Antonio, head south on I-10 E. Take exit 567 toward TX-345Loop/Fredericksburg Rd/Woodlawn Ave. Merge onto Frontage Rd/I-10 Frontage Rd. Turn right onto W Mulberry Ave. Turn right onto Fredericksburg Rd/U.S. 87 Bus. Property is on the left.
  • Legal Description: Ncb 6700 Blk 9 Lot 13, 14 & E 15 Ft Of 12
  • Loading Facilities: None
  • Ph To Show: 9562070456
  • Restrictions: Other
  • Sale Includes: Buildings, Land
  • Views: 15
  • Waste Removal: 5700
  • Zoning: MF-33
Owner Information
  • Owner Lrealreb: No

Contact Info

Headshot for Associate Cynthia Acosta
  1. Cynthia Acosta, ABR,GRI,REALTOR ®
  2. Premier Realty Group
  3. Mobile: 210.260.1700
  4. Mobile: 210.260.1700
  5. cynthiatxrealtor@gmail.com
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