1703 W MULBERRY AVE San Antonio, TX 78201
MULTI_FAMILY - San Antonio, TX
Property Features for 1703 W MULBERRY AVE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 1,532 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5381
Building Details
- Year built
- 1952
Listing agent Matthew Ridings (210) 524-9400
Listing office PMI Birdy Properties, CRMC 18830 Stone Oak Pkwy, San Antonio, TX (210) 524-9400
Listing date Jul 14, 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.
1703 W. Mulberry Ave is leased through 10/19/2026, and 2903 N. Zarzamora is leased through 09/28/2026. Interior features include durable vinyl flooring, an open living and dining area, and eat-in kitchens with ample cabinetry, solid countertops, an electric range, and a full-size refrigerator. Central HVAC, energy-efficient windows, programmable thermostats, and carbon monoxide detectors are included, along with washer and dryer hookups.
Major capital improvements have been completed, with the roof, HVAC systems, water heaters, and many appliances approximately two years old. Both units offer backyard access with a covered patio, privacy and chain-link fencing, a storage shed, and covered one-car carports. The property consists of approximately 1,532 square feet on a 0.228-acre lot.
Key Highlights
- Duplex built in 1952 with two separately addressed 2‑bedroom, 1‑bath units on a corner lot
- Both units tenant‑occupied with leases through 10/19/2026 ($900/mo) and 09/28/2026 ($1,000/mo)
- Each unit has its own CPS Energy and SAWS meters for tenants to pay utilities
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 | $26.7k | $17.40 |
| − Vacancy | −$1.5k | −$0.96 |
| EGI | $25.2k | $16.44 |
| − OpEx | −$7.6k | −$4.93 |
| NOI | $17.6k | $11.51 |
