402 Mulberry San Antonio, TX 78212
MULTI_FAMILY - San Antonio, TX
- Added:
- Jun 30, 2026
- Days on Market:
- 12
- Last Refresh:
- Jul 11 at 4:06 pm
Property Features for 402 Mulberry
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 4,320 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Annual Amount
- 0
Building Details
- Year built
- 1931
Listing agent Scott Malouff License #658231 (210) 493-3030
Listing office Keller Williams Heritage 1717 N. Loop 1604 E, San Antonio, TX (210) 493-3030
Listing date Jun 30, 2026
Copyright © 2026 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is located at 402 Mulberry in San Antonio, TX 78212 (Bexar County). Public remarks indicate the building sits near Downtown San Antonio and San Antonio College, placing it within the broader activity of the downtown area and the surrounding tenant pool tied to the college.
From an ownership standpoint, this asset is best suited to buyers who want to take on interior improvements and manage an operation around a 10-unit residential layout. With a full set of one-bedroom, one-bath units already in place, it offers an immediate path for investors, flippers, or hands-on operators to implement upgrades, refine unit finishes, and pursue stabilized occupancy through active management. Bring your team and renovation vision to match the building’s current needs.
Key Highlights
- 10‑unit multifamily property built in 1931
- Ten 1‑bedroom, 1‑bath units
- Listed for investors, flippers, and cash‑flow buyers with a property needing TLC
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.5k | $19.80 |
| − Vacancy | −$5.3k | −$1.23 |
| EGI | $80.2k | $18.57 |
| − OpEx | −$36.1k | −$8.36 |
| NOI | $44.1k | $10.21 |
