Delgado St

Turnkey 12-unit micro-community in San Antonio. Fully leased, low maintenance, high cap rate, and built for long-term performance.

This is Delgado Street, a rare opportunity to own a 12-unit tiny-home-style multifamily compound in San Antonio’s Prospect Hill. Completed in 2018, this gated community features twelve 1-bed, 1-bath cottages, each around 470 sq ft. With 5,640 total interior square feet, the property is fully leased and offers immediate income with low-maintenance needs. Located just west of downtown, this high-performing asset blends architectural charm, efficient design, and strong rental appeal in a rapidly developing area of the city.

653 Delgado was designed as a cohesive, high-performing investment from day one. Slab foundation for every unit—stable, low-maintenance, and cost-efficient

Wood framing paired with composition roofing for durability and weather resistance

Laminate flooring throughout—clean look, tough finish, minimal upkeep

Efficient galley kitchens with microwave-ready setups and streamlined storage

Fireplaces in each unit—rare for this size, but adds charm and tenant appeal

Uniform materials across all 12 homes—easy for maintenance and repairs

Individually metered utilities (gas, electric, water) for precise control and billing

Surrounded by a perimeter fence and secured by gated access, 653 Delgado offers a calm, private environment for tenants. Each unit includes a covered front patio, ideal for small plants or enjoying morning coffee. The layout features a central drive and clearly marked walkways. Landscaping is intentionally minimal to lower maintenance, with room for improvement. The entire setup supports low effort, high functionality outdoor living—ideal for both owners and residents seeking simplicity and security in an urban environment.

This 12-unit complex is fully leased, delivering immediate income and a strong 6.45% cap rate. With a $1.6M list price and $103,232 in annual NOI, the math is solid. Standalone units with separate meters attract quality tenants who stay longer. Located just west of downtown, tenants enjoy quick access to transit, dining, and the River Walk. Nearby development increases property value over time. For buyers wanting a dependable, low-maintenance property in a high-demand rental area, 653 Delgado is the right kind of rare.