9-Unit Apartment
New
For Sale
$1,475,000
118 Funston Pl, San Antonio, TX 78209
Multi-Family (2-8 Units), San Antonio, TX
Property Size7,566 SF
Lot Size0.34 Acres
Price / SF$194.95
Days on Market2
Property Features for 118 Funston Pl
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MF-33
Elementary school
Lamar
Middle school
Mark Twain
High school
Edison
Elementary school district
San Antonio I.S.D.
Middle school district
San Antonio I.S.D.
High school district
San Antonio I.S.D.
Subdivision
1300
Standard status
Active
Size
7,566 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Annual Amount
21029
Amenities
courtyard
laundry room
Building Details
Year built
1954
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Kristy Hutson
(214) 202-7615
Added: Oct 21
Last Checked: Oct 22 at 5:06PM
MLS# 2025082
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.
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Investment Insights
Based on property information with market context.
Built in 1954, this 9-unit apartment property contains 7,566 square feet on a 0.338-acre site and carries MF-33 zoning. Updates to available units include bath fixtures, lighting, appliances, window treatments, and refinished wood floors. Shared areas have also received attention, including an artificial-turf courtyard, refreshed laundry room, exterior lighting and paint, roof and soffit work, and rain gutters and rain-chains.
The property is in Mahncke Park, San Antonio. Community policies prohibit smoking and allow small pets.
The property is in Mahncke Park, San Antonio. Community policies prohibit smoking and allow small pets.
Key Highlights
- 9 units in a 7,566‑square‑foot property
- 0.338‑acre site with MF‑33 zoning
- Built in 1954
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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Lease Details
9
Residential units
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 - Recent interior and shared-space work includes refreshed finishes, a courtyard, and laundry room improvements.
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: 9 units in a 7,566‑square‑foot property; 0.338‑acre site with MF‑33 zoning; Built in 1954
