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Jeannette Spinelli

Broker Associate & Founder | Spinelli Residential Group | KW - Austin Portfolio Real Estate

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1535 W Laurel , San Antonio, TX 78201
$690,000
Est. Payment: $3,538.90/mo
12 Bed
8 Bath
2212 Sqft
Status: active | Days on site: 49
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Jeannette Spinelli
Broker Associate & Founder

House Description

MOTIVATED SELLER - Exceptional income potential awaits with this multifamily investment property in San Antonio - already producing $5,700/month on day-one income from Units 2, 3, and 4 (currently leased to 7 tenants renting by the room). This property has a set of 2 duplexes built in 2021, on a single MF-33 zoned lot. Each of the four units offer identical 3-bedrooms and 2 full baths. Unit 1 is vacant so you can live in it or rent it out. Unit 2 has 3 tenants. Unit 3 has 2 tenants and 1 vacant room. Unit 4 has 2 tenants and 1 vacant room. That leaves you 5 vacant bedrooms. OPTION 1: Lease Unit 1 the traditional way at $1,350/month and rent the remaining 2 vacant rooms at $850 each, bringing total gross monthly income to $8,750 (105,000 annually). OPTION 2: follow the current owner's proven by-the-room strategy, renting all 5 vacant bedrooms individually at $850/month each for a total gross monthly income of $9,950 (a potential $119,400 annually). OPTION 3: This property is also a house hacking dream for owner-occupants: live in Unit 1 and rent out the 2 vacant rooms at $850 each, for a total gross monthly income $7,400 ($88,800 annually) while living virtually rent-free. OPTION 4: Go aggressive by living in a single room within Unit 1 and renting the 4 vacant rooms at $850 each, generating $9,100/month ($109,200 annually) toward your housing costs and beyond. Ideally located with easy access to I-10, residents enjoy proximity to downtown San Antonio, the Pearl District, La Cantera, The Rim, Six Flags Fiesta Texas, San Antonio College and St. Mary's University. Whether you're scaling a rental portfolio or house hacking your way into ownership, this property offers multiple paths to strong returns.

Highlights

Listed by Marc Longoria , (210) 262-7815 LPT Realty, LLC , (210) 262-7815. LERA MLS - Local Expertise Regional Access mls logo

Property Type

Multi-Family

Lot/Acreage
0.21

Year Built

2020

County

Bexar

Area

0700

Neighborhood

Culebra S. To Delgado Sa

School District

San Antonio I.S.D.

Listing ID

1998762

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:12
  • Bathrooms:8
  • Full Bathrooms:8
Air Cond:One Central,Three+ Central
Fireplaces:
Floor:Carpeting,Ceramic Tile,Laminate

Exterior Features

Zoning:MF-33
Roof:Composition
Others:
  • Additional:Level
Sewer:City
Principal Interest
$3,539
Taxes
$654

Home Price

$690,000

Loan Details

30 yrs
6.637%

Down Payment

20%
$138,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,538.90

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,538.90 $654.17 $0.00 $4,193.06
Yearly $42,466.77 $7,850.00 $0.00 $50,316.77
Total $1,274,003.10 $235,500.00 $0.00 $1,509,503.10

Today's Rates

30 Year

6.64%

20 Year

6.43%

15 Year

5.99%

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Market insight data is pulled from the same city as the listing being viewed (San Antonio, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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.

IDX service by Blueroof 360

Data last updated: 2026-09-03T05:09:42.000Z

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