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San Antonio 100% Occupancy Triplex $475k

1522 S Elmendorf, San Antonio
ROI
16.52% IRR
Strategy
Long Term Rental
Each unit is leased at $1,550 with near 100% occupancy since construction. Lease renewals fall in August 2026, November 2026, and January 2027. Built in 2023 for minimal maintenance. All units are 3 bed, 2 bath, approximately 1,100 sqft. Tenants pay all utilities and lawn care. Originally listed at $600k with steady monthly price reductions. I would start with an aggressive offer around $425k and see how the seller responds.

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San Antonio 100% Occupancy Triplex $475k

Listed 01/13/2026

1522 S Elmendorf, San Antonio

Purchase Price:$475,000

Cash Outlay:$128,250

Cashflow:$458/mo

Cap Rate:7.15%

IRR:16.52%

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