Price Reduced Listing
703 Logwood Ave,San Antonio, TX 78221
San Antonio, TX 78221
Description
703 Logwood Avenue presents the opportunity to acquire a value add 24-unit multifamily asset strategically located in San Antonio's established South Park submarket. Situated on approximately 0.466 acres, the property encompasses 14,534 square feet of rentable living area and features a well-balanced unit mix of fourteen (14) one-bedroom/one-bathroom units and ten (10) two-bedroom/one-bathroom units. The property offers investors immediate In-place cash flow while also presenting a compelling value-add opportunity. New ownership may increase revenues through strategic interior and exterior improvements, operational efficiencies, and continued rent optimization, creating the potential to further enhance returns while maintaining strong occupancy. Located in the heart of the South Park area, 703 Logwood benefits from exceptional accessibility to many of San Antonio's largest employment and economic drivers. The property is less than 15 minutes from Downtown San Antonio, Lackland Air Force Base, major universities, healthcare facilities, and numerous employment centers, providing a diverse and resilient tenant base. The property unit mix is well-positioned to serve workforce housing demand from military personnel, students, healthcare workers, and local professionals seeking affordable housing options in a centrally located submarket. In addition to its near-term value-add potential, the asset offers investors the opportunity to benefit from long-term appreciation driven by San Antonio's continued population growth, expanding employment base, and increasing demand for attainable rental housing. As investment activity and redevelopment continue throughout the city's south and central corridors, 703 Logwood is well-positioned to capitalize on both operational upside and future market appreciation. 703 Logwood Avenue represents a rare opportunity to acquire a stabilized, cash-flowing multifamily asset with value-add potential in a supply-constrained infill location. The combination of current income, upside through improved operations, and long-term appreciation prospects, makes this offer attractive to both yield-focused investors and 1031 exchange buyers seeking durable multifamily fundamentals in one of Texas' fastest-growing metropolitan areas.
Details
| MLS # | 1971942 |
|---|---|
| Listing Type | For Sale |
| Style | Apartments |
| Status | Price Change |
| Year | 1976 |
| Days On Site | 87 |
| Listing Provided By | Uriah Real Estate Organization | Uri Uriah |
Features
| SQ Feet | 14,534 |
|---|---|
| Story(s) | 2 |
| Zoning | MF-33 |
| Acreage | 0.47 |
Interior
| Heating | Central |
|---|
Exterior
| Roof | Composition, Other |
|---|---|
| Foundation | Slab |
Parking
| Number Total Parking | 30 |
|---|
Utilities
| Utilities | Electricity, Gas, Water, Sewer, Other |
|---|---|
| Waterorsewer | 10800 |
| Gas And Electric | 2760 |
Taxes
| Tax Property Id | 093921170230 |
|---|---|
| Annual Tax | 17799 |
| Total Tax | 17799 |
Area Information
| State | TX |
|---|---|
| County | Bexar |
| City | San Antonio |
| Zip Code | 78221 |
| Area | Bexar |
| School District | Harlandale I.S.D |
| Listing VS Median (in 78221) | |
Price: $1,950,000 low | high Med: $201,667 sqft: 14,534 low | high Med: 1,206 $ / sqft: $134 low | high Med: $167 On site: 87 low | high Med: 123.5 | |
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Learn More About This Property
| State | TX |
|---|---|
| County | Bexar |
| City | San Antonio |
| Zip Code | 78221 |
| Area | Bexar |
| School District | Harlandale I.S.D |
| Listing VS Median (in 78221) | |
Price: $1,950,000 low | high Med: $201,667 sqft: 14,534 low | high Med: 1,206 $ / sqft: $134 low | high Med: $167 On site: 87 low | high Med: 123.5 | |
 | $2,700,0007302 Mary AbbottSan Antonio, TX 78221 |