About 227 Grimes
Fully Leased 4-Plex - Prime Turnkey Investment Near Downtown San Antonio An exceptional opportunity awaits with this fully occupied and newly constructed four-unit property, perfectly positioned just 2.2 miles from San Antonio River Walk. Whether you're seeking immediate cash flow or a strategic addition to your rental portfolio, this turnkey asset delivers on all fronts. Each unit offers 1,089 square feet of modern living space, complete with 3 bedrooms and 2.5 baths. Designed with functionality and style in mind, interiors feature open layouts, contemporary kitchens, light wood-style flooring, and updated bathrooms-ideal for low-maintenance ownership. Each residence includes its own private driveway and covered carport, providing added convenience for tenants or future short-term guests. The property is just one block from St. Philip's College and minutes from the Alamo Dome, Frost Bank Center, Freeman Coliseum, AT&T Center, Fort Sam Houston, and major highways like I-35 and I-10. Downtown, the River Walk, and The Alamo are also just a short drive away. Whether you're interested in long-term rentals or exploring Airbnb income potential, this fully leased 4-plex combines strong location, modern construction, and immediate revenue in one of San Antonio's most accessible and developing neighborhoods. One of the property owners is a licensed real estate agent in the state of Texas.
Features of 227 Grimes
| MLS® # | 1894289 |
|---|---|
| Price | $896,000 |
| Remarks | $Fully Leased 4-Plex - Prime Turnkey Investment Near Downtown San Antonio An exceptional opportunity awaits with this fully occupied and newly constructed four-unit property, perfectly positioned just 2.2 miles from San Antonio River Walk. Whether you're seeking immediate cash flow or a strategic addition to your rental portfolio, this turnkey asset delivers on all fronts. Each unit offers 1,089 square feet of modern living space, complete with 3 bedrooms and 2.5 baths. Designed with functionality and style in mind, interiors feature open layouts, contemporary kitchens, light wood-style flooring, and updated bathrooms-ideal for low-maintenance ownership. Each residence includes its own private driveway and covered carport, providing added convenience for tenants or future short-term guests. The property is just one block from St. Philip's College and minutes from the Alamo Dome, Frost Bank Center, Freeman Coliseum, AT&T Center, Fort Sam Houston, and major highways like I-35 and I-10. Downtown, the River Walk, and The Alamo are also just a short drive away. Whether you're interested in long-term rentals or exploring Airbnb income potential, this fully leased 4-plex combines strong location, modern construction, and immediate revenue in one of San Antonio's most accessible and developing neighborhoods. One of the property owners is a licensed real estate agent in the state of Texas. |
| Square Footage | 4,356 |
| Acres | 0.14 |
| Year Built | 2024 |
| Type | Multi-Family (2-8 Units) |
| Status | Active |
| Housing Type | Two Story |
Community Information
| Address | 227 Grimes |
|---|---|
| Area | 1200 |
| Subdivision | E HOUSTON SO TO HEDGESSA |
| City | San Antonio |
| County | Bexar |
| State | TX |
| Zip Code | 78203 |
Amenities
| Pool On Property | No |
|---|
Interior
| Heating | Central |
|---|---|
| Cooling | Unit Central |
Exterior
| Exterior | Siding |
|---|---|
| Exterior Features | Double Pane Windows |
| Roof | Composition |
| Construction | Pre-Owned |
| Foundation | Slab |
School Information
| District | San Antonio I.S.D. |
|---|---|
| Elementary | Smith |
| Middle | Poe |
| High | Highlands |
Additional Information
| $/LivSqFt | $206 |
|---|---|
| Net Income | $50,994 |
| Building Sqft | 4,356 |
| # Units | 4 |
| Date Listed | August 20th, 2025 |
| Days on Market | 70 |
| Zoning | RM-4 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Guy Rubio |
|---|---|
| Office | David A Ortiz |