Corner Lot Duplex with
1703 West Mulberry Avenue San Antonio, TX 78201
1703 West Mulberry Avenue, San Antonio, TX, 78201
$310,000
For Sale
$310,000
Well-maintained duplex offers two separately addressed 2-bedroom, 1-bath units with covered one-car carports.
Property Size1,532 SF
Price / SF$202.35
Days on Market15
Property Features for 1703 West Mulberry Avenue
General Information
- Standard status
- Active
- Size
- 1,532 SF
- Property subtype
- Multi-Family / One Story
Building Details
- Year Built
- 1952
Listing agency
PMI Birdy Properties, CRMC
(210) 823-4817
Listed by
Matthew Ridings
(210) 823-4817
Source
Compass
Added: Jul 8 Updated: Jul 21 at 3:20PM Checked: Jul 21 at 3:20PM
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 PMI Birdy Properties, CRMC
Investment Insights
Based on property information with market context.
This well-maintained duplex sits on a corner lot and includes two separately addressed 2-bedroom, 1-bath units. Both units are tenant-occupied. Each unit features its own CPS Energy and SAWS meters, with tenants responsible for their own utilities, and durable vinyl flooring throughout. Interiors include an open living and dining layout and eat-in kitchens with ample cabinetry, solid countertops, an electric range, and a full-size refrigerator. Primary bedrooms provide direct access to a backyard area with a covered patio, privacy and chain-link fencing, a storage shed, and washer and dryer hookups.
Additional features include energy-efficient windows, programmable thermostats, central HVAC, and carbon monoxide detectors. The property also includes covered one-car carports.
According to the seller, major capital improvements have been completed, with the roof, HVAC systems, water heaters, and many appliances approximately two years old. Lease information and additional rental details are available upon request.
Additional features include energy-efficient windows, programmable thermostats, central HVAC, and carbon monoxide detectors. The property also includes covered one-car carports.
According to the seller, major capital improvements have been completed, with the roof, HVAC systems, water heaters, and many appliances approximately two years old. Lease information and additional rental details are available upon request.
Key Highlights
- Duplex on a corner lot with two separately addressed 2‑bed, 1‑bath units
- Tenant‑occupied with leases in place: 1703 W. Mulberry Ave through 10/19/2026 at $900/mo and 2903 N. Zarzamora through 09/28/2026 at $1,000/mo
- Each unit has its own CPS Energy and SAWS meters so tenants 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 |
1,532 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$251.9K
$220.4K – $293.9K
NOI $17,633 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$223.6K
$195.6K – $260.8K
NOI $15,649 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$390.8K
$341.9K – $455.9K
NOI $27,355 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained duplex offers two separately addressed 2-bedroom, 1-bath units with covered one-car carports.
Where is this duplex located?
The property is located at 1703 West Mulberry Avenue San Antonio, TX.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Duplex on a corner lot with two separately addressed 2‑bed, 1‑bath units; Tenant‑occupied with leases in place: 1703 W. Mulberry Ave through 10/19/2026 at $900/mo and 2903 N. Zarzamora through 09/28/2026 at $1,000/mo; Each unit has its own CPS Energy and SAWS meters so tenants pay utilities
