Turnkey investment opportunity exceeding the 1% rule for rents in San Antonio! 311 W Malone offers investors the opportunity to acquire an occupied, income-producing property with all units currently leased. The property has been extensively updated, helping reduce near-term renovation and capital expenditure needs for the next owner. Updates throughout the property provide a clean, modern feel while maintaining the character of the original structure. With existing tenants already in place, this property provides an opportunity to add a stabilized rental asset to your portfolio without starting from scratch. Conveniently located near Downtown San Antonio with access to major highways, employment centers, shopping, dining, and entertainment. Ideal for investors looking to expand their San Antonio rental portfolio with an occupied, updated property.
| Listing Id: | 2017547 |
|---|---|
| List Price: | $298,000 |
| Property Type: | Multi Family |
| Status: | Active |
| Living Area: | 2,456 |
| Tax Annual Amount: | $4,287 |
| Lot Size Acres: | 0.172 |
| City: | San Antonio |
| County Or Parish: | Bexar |
| Subdivision Name: | Division E. Of Ih35 |
| ZIP: | 78214 |
| Year Built: | 1920 |
| Accessible Adaptive Home: | NO |
| Elementary School: | HILLCREST |
| High School: | BURBANK |
| Cooling: | WINDW |
| Exterior Features: | PTSLB, BBQ |
| Exterior: | VINYL |
| Flooring: | VINYL |
| Heating Fuel: | ELEC |
| Heating: | OTHER |
| Roof: | OTHER |
| Owner Lrea_lreb: | NO |
| School District: | SAN_ANTON |
| Parcel Number: | 032290051270 |
| Builder Name: | Unknown |
| Directions: | Head south on I-35 S, take exit 152B toward Theo Ave/Malone Ave, merge onto Interstate 35 Access Rd, use the middle lane to turn left onto W Malone Ave |
| MLS Area Major: | _2100 |
| Original List Price: | $298,000 |
| Sale_rent: | SALE |
| State Or Province: | TX |
| Postal Code: | 78214 |
| Middle Or Junior School: | HARRIS |
| Price_SQFT: | $121.33 |
| Recent Rehab: | YES |
| Source Sqft: | D |
| Subdivision Legal Name: | PALM HEIGHTS |
| Tax Property Id: | 032290051270 |
| Taxed By Mltpl Counties: | NO |
| Hoa Mandatory: | NONE |
| Proposed Terms: | CONV, CASH, OTHER |
| Listing Terms: | CONV, CASH, INVOK, OTHER |
| Net Operating Income: | $24,316 |
| Vacancy Allowance Rate: | 0.0 |
| Operating Expense: | $13,648 |
| Meters: | CMWTR, CMELC |
| Operating Expense Includes: | TAXES, INSRN, MAINT, ALLUT |
| Unit 1 Info: | OVNST, RFGTR, WSHR, DRYER |
| Unit 2 Info: | OVNST, RFGTR, WSHR, DRYER |
| Unit 3 Info: | OVNST, RFGTR, WSHR, DRYER |
| Unit Type 1 Beds Total: | 2 |
| Unit Type 1 Baths Total: | 1 |
| U1 Handicap Access: | NO |
| U1 Half Baths: | 0 |
| Unit Type 1 Garage Spaces: | 2 |
| U1 Occupied: | YES |
| U1 Park Type: | C |
| Unit Type 1 Total Rent: | $1,000 |
| Unit Type 2 Beds Total: | 2 |
| Unit Type 2 Baths Total: | 1 |
| U2 Handicap Access: | NO |
| Unit Type 2 Garage Spaces: | 2 |
| U2 Occupied: | YES |
| U2 Park Type: | C |
| Unit Type 2 Total Rent: | $980 |
| Unit Type 3 Beds Total: | 1 |
| Unit Type 3 Baths Total: | 1 |
| U3 Handicap Access: | NO |
| U3 Half Baths: | 0 |
| Unit Type 3 Garage Spaces: | 4 |
| U3 Occupied: | YES |
| U3 Park Type: | C |
| Unit Type 3 Total Rent: | $925 |
| Tax Year: | 2025 |
Listing Courtesy of: eXp Realty
Listing Agent: Michael Gonzales
(210) 693-9903
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The data on this website relating to real estate for sale comes in part from the IDX Program of the LERA MLS.
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability.
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LERA MLS data last updated on October 08, 2026 05:02 PM - ET.
Property Last Updated: October 08, 2026 05:02 PM - ET
