Homes for sale - 120 Magnolia Ave, San Antonio, TX 78212

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Les Mauck

LPT Realty

lesmauck@gmail.com +1(210) 872-0579

$1,290,000

Est. payment - /mo

8 Beds

4 Baths

3,014 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family (2-8 Units)

Listing Status Active

Purchase Type For Sale

Square Footage 3,014 sqft

Price per Sqft $428

Subdivision Monte Vista

MLS Listing ID 1908192

Style Two Story

Bedrooms 8

Full Baths 4

Year Built 1919

Annual Tax Amount $11,559

Lot Size 6,272 Sqft

Property Sub-Type Multi-Family (2-8 Units)

Property Description

Prime investment opportunity in the heart of San Antonio! 120 E Magnolia Ave is a fully stabilized fourplex generating strong cash flow with a projected Gross Scheduled Income of $139,200 per year. The property features two units (101 & 201) operating as Airbnb rentals with active 3-year city permits, each producing $3,800/month. Unit 102 is leased at $1,800/month, and Unit 202 has a projected market rent of $2,200/month. Total monthly income at stabilization is $11,600. Operating expenses are modest at just $18,763 annually, including insurance, taxes, water, internet, and landscaping, resulting in a Net Operating Income (NOI) of $120,436.29. At the current asking price of $1,290,000, the property delivers a cap rate of 9.34, making it a rare find for investors seeking immediate returns in a strong rental market. Located just minutes from downtown San Antonio, Pearl Brewery, Trinity University, and major employment centers, the property offers both long-term leasing and short-term rental upside. This combination of permitted Airbnb units, conventional rentals, and prime location ensures consistent cash flow and future appreciation potential. With all units either leased or stablelize at market rent, 120 E Magnolia Ave represents a turnkey, income-producing asset ideal for seasoned investors or those seeking to enter San Antonio's thriving multifamily and short-term rental market.

Location

State TX

County Bexar

Area 0900

Zoning R-4 CD

Direction E

Interior

Heating Central

Cooling One Central

Flooring Laminate

Exterior

Exterior Feature Siding

Garage Spaces 4.0

Roof Type Tile

Schools

Elementary Schools Cotton

Middle Schools Beacon Hill

High Schools Edison

School District San Antonio I.S.D.

Others

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

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LERA MLS - Local Expertise Regional Access / SABOR

Listed by Jair Gamiz • Uriah Real Estate Organization • (210) 618-6646

Driven by his passion for real estate, Les has made a name for himself as an agent in the greater San Antonio area. This rewarding journey into real estate has afforded Les the opportunity to work with amazing buyers, sellers and investors in the community.

Thanks to his prior service, Les understands the needs of today’s military buyers and sellers, especially when it comes to relocation. Whether you are PCSing, moving, exiting/separating from the military or in the market for a second home, Les’ life experience and real estate prowess are designed with you in mind.

In addition to being a consummate real estate professional, Les is a proud husband, father, and grandfather who takes pride in helping clients find the homes they want.

+1(210) 872-0579

lesmauck@gmail.com

120 Magnolia Ave San Antonio, TX 78212