602 Chauncey is a 6-unit multifamily investment opportunity located in North Central San Antonio. Zoned MF-33 and built in 1982, the property consists of two buildings totaling approximately 6,432 SF, with Building 1 at approximately 4,200 SF and Building 2 at approximately 2,232 SF. The unit mix includes five 2-bedroom/2-bath units and one 1-bedroom/1-bath unit. The property benefits from long-term tenants, separate electric meters, a large shared tenant storage room, and an on-site utility/laundry room with several coin-operated washers and dryers. Landlord currently pays water, creating potential future upside through RUBS implementation at lease renewal. Reported 2025 NOI is $40,271.85 with additional upside potential through rent growth, utility reimbursement, laundry income, and operational improvements. This asset offers investors a stabilized multifamily property with value-add potential in an established San Antonio rental submarket. Marketing package available upon request.
Details
MLS #
1965217
Listing Type
For Sale
Status
Active Option
Year
1982
Days On Site
135
Listing Provided By
Keller Williams Heritage | Patricia Chavez
Features
SQ Feet
6,432
Units
6
Zoning
MF-33
Acreage
0.30
Interior
Heating Fuel
Electric
Exterior
Exterior
4 Sides Masonry, Stone/Rock, Cement Fiber
Exterior Features
Patio Slab, Covered Patio, Has Gutters, Mature Trees, Common Utility Room
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