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2 Beds
2 Baths
800 sqft

$85,000

123 Gray Street, San Antonio TX, 78208

Price per sqft$106.25
Built in1948
Property size800 sqft
Property typeResidential

Overview

Active

Listed Mar 9, 2026

Updated 2 weeks ago

Located near the historic Government Hill district, this property offers a great opportunity for homeowners, investors, or developers in one of San Antonio’s growing central areas. The home features 2 bedrooms and 1 full bathroom and can be restored into a comfortable residence or serve as a buy and hold, flip, or development opportunity. The real value is the spacious 7,600 sq ft lot and its development potential. Currently zoned R6, the property allows for the possibility of adding an ADU, creating an opportunity for additional rental income or multigenerational living. The zoning may also present the potential to rezone to R2 to allow for duplex development, making this an attractive option for investors looking to maximize land use. Located near Government Hill and minutes from Downtown San Antonio, The Pearl, Fort Sam Houston, and other military bases. Easy access to I-35, Hwy 281, I-10, and Loop 410. Owner to owner sale available with as little as 10 percent down.

$566/mo

Est. mortgage payment based on a $85,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
48633181

Interior Features

Bedrooms
2
Bathrooms
2
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.17 Acres

Other Property Details

Taxes
$4,368
Tax Frequency
Annually
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Courtesy of Home Pros Real Estate Group, Christopher Moran 

Based on information from the Houston Association of REALTORS as of 9/23/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

©2026 Houston Association of REALTORS. All rights reserved.

Data last updated 5:11 AM UTC, 9/23/2026

 

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