Rare opportunity to own a renovated income-producing property with three separate rental units on one lot. This unique property features a 2-bedroom home at the front of the lot plus a rear duplex consisting of a 1-bedroom unit and a 2-bedroom unit, providing three separate residences and multiple income streams. The property is currently fully leased, generating approximately $3,235 per month in rental income, or $38,820 annually. With three units on one property, this is an attractive opportunity for investors seeking immediate rental income, diversification across multiple tenants, and the potential for future rental growth. Extensive renovations have been completed over the past several years, including new roofs, significantly improving the property's condition and reducing the need for major near-term capital expenditures. The property also appears to offer approximately 2,300 square feet of total living space, which is greater than the square footage currently reflected in tax assessor records. Buyer and buyer's agent should independently verify square footage, permitted use, unit configuration, zoning, and all other property information. With three residences, existing rental income, substantial improvements, and additional potential to increase income over time, this property offers a unique combination of cash flow, flexibility, and long-term investment potential.
| Listing Id: | 2000762 |
|---|---|
| List Price: | $345,000 |
| Property Type: | Multi Family |
| Status: | Active |
| Living Area: | 1,754 |
| Tax Annual Amount: | $6,538 |
| Lot Size Acres: | 0.101 |
| Architectural Style: | _2STRY |
| City: | San Antonio |
| County Or Parish: | Bexar |
| Subdivision Name: | Alta Vista |
| ZIP: | 78212 |
| Year Built: | 1929 |
| Accessible Adaptive Home: | NO |
| Elementary School: | COTTON |
| High School: | EDISON |
| Cooling: | UNIT, WINDW, _2CNTR, _2WNDW |
| Exterior Features: | CHLNK, TREES |
| Exterior: | CMTFB |
| Flooring: | CRPT, LNLEM, LMNAT |
| Foundation Details: | CEDAR |
| Heating Fuel: | ELEC |
| Heating: | WNDUN |
| Roof: | COMP |
| Owner Lrea_lreb: | NO |
| School District: | SAN_ANTON |
| Parcel Number: | 018540320150 |
| Builder Name: | UNKNOWN |
| Utility Supplier Gas: | CPS |
| Utility Supplier Elec: | CPS |
| Utility Supplier Grbge: | CITY |
| Utility Supplier Water: | SAWS |
| Utility Supplier Sewer: | SAWS |
| Directions: | FROM LOOP 410 TAKE SAN PEDRO AVE TO W. WOODLAWN, TURN RIGHT ONTO RIPLEY. THE ADDRESS IS ACTUALLY 707 RIPLEY AVE |
| MLS Area Major: | _0900 |
| Original List Price: | $350,000 |
| Sale_rent: | SALE |
| State Or Province: | TX |
| Postal Code: | 78212 |
| Price_SQFT: | $196.69 |
| Source Sqft: | D |
| Subdivision Legal Name: | ALTA VISTA |
| Tax Property Id: | 018540320150 |
| Taxed By Mltpl Counties: | NO |
| Hoa Mandatory: | NONE |
| Proposed Terms: | CONV, CASH |
| Listing Terms: | CONV, CASH, INVOK |
| Net Operating Income: | $20,979 |
| Vacancy Allowance Rate: | 0.0 |
| Operating Expense: | $9,401 |
| Meters: | SPELC, SPGAS |
| Operating Expense Includes: | TAXES, INSRN, MAINT, OTHER |
| Unit 1 Info: | OVNST, RFGTR, WSHCN, DRYCN |
| Unit 2 Info: | OVNST, RFGTR |
| Unit 3 Info: | OVNST, RFGTR |
| 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: | 1 |
| U1 Occupied: | YES |
| Unit Type 1 Total Rent: | $1,195 |
| Unit Type 2 Beds Total: | 2 |
| Unit Type 2 Baths Total: | 1 |
| U2 Handicap Access: | NO |
| Unit Type 2 Garage Spaces: | 1 |
| U2 Occupied: | YES |
| Unit Type 2 Total Rent: | $1,045 |
| 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: | 1 |
| U3 Occupied: | YES |
| Unit Type 3 Total Rent: | $995 |
| Foundation: | CEDAR |
| Tax Year: | 2024 |
| Architectural Style: | _2STRY |
| Air Conditioning: | _2CNTR, _2WNDW |
Listing Courtesy of: San Antonio Elite Realty
Listing Agent: Jeff Smith
(210) 710-5326
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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