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San Antonio Duplex with Updates

614 E Mulberry San Antonio, TX 78212

614 E Mulberry, San Antonio, TX, 78212
$639,000
For Sale
$639,000

MULTI_FAMILY - San Antonio, TX

Property Size1,911 SF
Lot Size0.20 Acres
Price / SF$334.38
Days on Market103

Property Features for 614 E Mulberry

General Information

Property type
Residential Multi Family
Property subtype
Other
Standard status
Active
Size
1,911 SF
Lot size
0.20 Acres

Taxes and HOA fees

Tax Annual Amount
11239

Utilities

Cooling system
Central Air

Building Details

Year built
1927
Listing Agency Texas Premier Realty
3834 Deerfield Dr., San Antonio, TX
Listed by Lyn Wolff
Added: Apr 6 Checked: Jul 17 at 9:06 pm
MLS# 1955383 Listing URL

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 is a charming 1920s bungalow duplex located in the heart of Monte Vista, San Antonio, Texas, minutes from Trinity University and downtown. The property has been recently remodeled. Each unit features 2 bedrooms and 2 bathrooms, including a private primary suite. Major updates include new HVAC, electrical, plumbing, and appliances. The property includes a spacious backyard with a mature pecan tree and a carriage house. Additional parking is available. The property is situated on a lot of 0.195 acres. The building size is 1911 square feet. The property is ideal for an owner-occupant, short-term rental, or income-producing property. There is potential to expand with additional units, and plans are available. Furnishings are negotiable.

Key Highlights

  • Remodeled duplex with new HVAC, electrical, plumbing, and appliances.
  • Two units, each with 2 bedrooms and 2 bathrooms including a private primary suite.
  • Prime Monte Vista location, near Trinity University and downtown San Antonio.

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 $33.3k $17.40
− Vacancy −$1.8k −$0.96
EGI $31.4k $16.44
− OpEx −$9.4k −$4.93
NOI $22.0k $11.51
1,911 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$314.2K
$275.0K – $366.6K (±1% cap)
NOI $21,996 @ 7.0% cap · market cap 3.44%
Second Best
Apartment 5plus
$278.9K
$244.0K – $325.4K (±1% cap)
NOI $19,521 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$487.5K
$426.5K – $568.7K (±1% cap)
NOI $34,122 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Electrical Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Grocery & Convenience Store Pet Grooming Service (Bike/Boat/Book/etc) Store Catering Service Plumbing Service Travel Agency Pet Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Charming, remodeled duplex near Trinity University and downtown San Antonio.
Where is this duplex located?
The property is located at 614 E Mulberry San Antonio, TX.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: Remodeled duplex with **new HVAC, electrical, plumbing, and appliances.**; Two units, each with **2 bedrooms and 2 bathrooms including a private primary suite.**; Prime Monte Vista location, near Trinity University and downtown San Antonio.
Contact an agent
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