Contacts
Jonathon Webster
Caisson Real Estate Brokerage
Property Details
- Property Type Multi-Family
- Property Size 17,799 SF
- Units 28
- Lot Size 3.75 Acre
- Year Built 1986
- Date Updated Apr 28, 2026
Located just 35 minutes southwest of San Antonio, Devine, TX offers a strong blend of affordability, steady rental demand, and small-town stability. The area benefits from proximity to major employers along the I-35 corridor, a growing workforce population, and limited multifamily competition—creating consistent occupancy for well-positioned properties. Devine’s community amenities, schools, and quick access to San Antonio’s retail, healthcare, and job centers make it an attractive market for both renters and long-term investors looking for reliable performance in a lower-cost submarket.Devine, TX – 28-Unit Value-Add Multifamily: Appraisal of $1.1m (ARV), this 3.75-acre property includes 28 total 1BR/1BA units—two of which are mobile homes—all on year leases with no tenants behind on rent. Current performance reflects 10 occupied units generating $6,150 in monthly income. The asset requires a substantial clean-out and standardized renovation plan, with 5–6 dumpsters recommended, and offers strong upside through Section 8 lease-up, proven rent collections, and additional value creation opportunities such as a future laundromat or added units on-site.
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Highlights
- 28-unit value-add multifamily on 3.75 acres
- All units 1BR/1BA; two mobile homes included
- Appraised at $1.1M (ARV)
- Current: 10 leased, $6,150/mo income
- Heavy remodel + cleanup; expansion potential
Attachments
Getting around
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23/100
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Location
- City Devine, TX
- Neighborhood Devine
- Zip Code 78016
Points of Interest
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Phillips 66
3.30 miles
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Love's
3.74 miles
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Super Mart
3.84 miles
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Exxon
3.98 miles
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Shell
4.00 miles
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Murphy USA
4.56 miles
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Chevron
4.64 miles
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H-E-B Fuel
7.42 miles
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Best Western Plus Lytle Inn & Suites
7.27 miles
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Days Inn
7.49 miles
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Food King
3.33 miles
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Walmart Supercenter
4.54 miles
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H-E-B plus!
7.27 miles
Contact Listing Broker
Jonathon Webster
Caisson Real Estate Brokerage