Mahncke Park Duplex Investment
446 Natalen San Antonio, TX 78209
446 Natalen, San Antonio, TX, 78209
$315,000
For Sale
Under Contract
$315,000
MULTI_FAMILY - San Antonio, TX
Property Size1,656 SF
Lot Size0.21 Acres
Price / SF$190.22
Days on Market50
Property Features for 446 Natalen
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MF-33 NCD-6
- Standard status
- Active Under Contract
- Size
- 1,656 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7443
Building Details
- Year built
- 1940
Listing agency
Sophus Properties, LLC
(210) 850-2833
Listed by
Donna Crabtree · License #512451
(210) 850-2833
Added: Jun 2 Checked: Jul 21 at 7:06AM
MLS# 1946845
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.
This Mahncke Park duplex offers a strong investment opportunity with significant upside potential. The property requires repositioning, allowing investors to add value and improve performance. Each unit features a 2-bedroom, 1-bath townhome-style layout. The property includes private backyards and individual washer and dryer hookups, enhancing tenant appeal and supporting consistent occupancy. Situated on a lot of 0.212 acres, the property has a building size of 1656 square feet. The property is part of a larger Mahncke Park investment portfolio but may also be purchased individually. Owner financing is available, providing a flexible alternative to traditional lending. The zoning is MF-33 NCD-6. This property is ideal for investors seeking reliable cash flow with value-add and development potential in a prime central location.
Key Highlights
- Prime central location in Mahncke Park.
- Strong investment opportunity with value‑add and development potential.
- Each unit has a spacious 2‑bedroom, 1‑bath townhome‑style layout.
Local Financial Insights For Multifamily LT 5
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 | $28.8k | $17.40 |
| − Vacancy | −$1.6k | −$0.96 |
| EGI | $27.2k | $16.44 |
| − OpEx | −$8.2k | −$4.93 |
| NOI | $19.1k | $11.51 |
1,656 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$272.3K
$238.3K – $317.7K
NOI $19,061 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$241.7K
$211.5K – $281.9K
NOI $16,916 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$422.4K
$369.6K – $492.8K
NOI $29,569 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Value-add duplex in prime location with owner financing available.
Where is this duplex located?
The property is located at 446 Natalen San Antonio, TX.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Prime central location in Mahncke Park.; Strong investment opportunity with value‑add and development potential.; Each unit has a spacious 2‑bedroom, 1‑bath townhome‑style layout.
