Two-Story Apartment
For Sale
$1,475,000
118 Funston Pl, San Antonio, TX 78209
The property carries MF-33 zoning and includes central air conditioning and window units.
Property Size7,566 SF
Price / SF$194.95
Days on Market9
Property Features for 118 Funston Pl
General Information
Standard status
Active
Size
7,566 SF
Property subtype
Residential Income
Zoning
MF-33
Net Operating Income
$81,184
Site & Location
Neighborhood
Mahncke Park
Taxes and HOA fees
Annual Taxes
$21,029
Amenities
Central Air, Window Unit(s), Wall/Window Unit(s)
Other
Two Story
Building Details
Building Size
7,566 SF
Year Built
1954
Stories
2
Listed By:
Kristy Hutson
(210) 373-8759
Source:
Evrealestate
Added: Oct 21
Changed: Oct 25
Last Checked: Oct 28 at 8:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kristy Hutson
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Investment Insights
Based on property information with market context.
This two-story apartment building contains 7,566 square feet and was built in 1954. Cooling features include central air and window or wall units.
The property is at 118 Funston Pl in San Antonio, Bexar County. Its zoning designation is MF-33.
The property is at 118 Funston Pl in San Antonio, Bexar County. Its zoning designation is MF-33.
Key Highlights
- 7,566‑square‑foot apartment building
- Two‑story building constructed in 1954
- MF‑33 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,285
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,545,700
$1.5M
Cap Rate 7%
$1,104,071
$1.1M
Cap Rate 9%
$858,722
$858.7K
Market Conditions
NOI Build-Up for 7,566 SF
Gross rent
$149.8K $19.80/SF
− Vacancy
−$9.3K −$1.23/SF
EGI
$140.5K $18.57/SF
− OpEx
−$63.2K −$8.36/SF
NOI
$77.3K $10.21/SF
Area
San Antonio, TX
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,545,700
Cap Rate 7%
$1,104,071
Cap Rate 9%
$858,722
Alternative Uses
Best Use
Apartment 5plus
$1.10M
$966.1K – $1.29M
NOI $77,285 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,097 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
903
Businesses Nearby
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Business Placement
Demographics for 78209, TX
42,456
Population
22,771
Households
1.9
Avg Household Size
40
Median Age
62%
College-Educated
96%
High-School Grad
10.2 sq mi
ZIP Area
4,162
Density / Sq Mi
$84,180
Median Household Income
$57,921
Median Earnings
$1,371
Median Rent
$497,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - The property carries MF-33 zoning and includes central air conditioning and window units.
Where is this apartment building located?
The property is located at 118 Funston Pl San Antonio, TX.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: 7,566‑square‑foot apartment building; Two‑story building constructed in 1954; MF‑33 zoning
