Well-Maintained Fiveplex with
230 East Mulberry Avenue San Antonio, TX 78212
230 East Mulberry Avenue, San Antonio, TX, 78212
$675,000
For Sale
$675,000
Well-maintained five-unit multifamily property with high occupancy, oversized shared deck, and one private balcony.
Property Size3,264 SF
Price / SF$206.80
Days on Market144
Property Features for 230 East Mulberry Avenue
General Information
- Standard status
- Active
- Size
- 3,264 SF
- Property subtype
- Multi-Family / Two Story
Building Details
- Year Built
- 1958
Listing agency
Parman Group
(210) 857-7060
Listed by
Thomas Nyman
(210) 857-7060
Source
Compass
Added: Feb 28 Updated: Jul 21 at 4:05AM Checked: Jul 21 at 4:05AM
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 Parman Group
Investment Insights
Based on property information with market context.
This well-maintained fiveplex features strong occupancy and a tenant mix described as consistently renewing. The property includes outdoor space with a beautiful, tree-lined setting, an oversized deck for tenants, and one private balcony or terrace. Unit 1 has an in-unit washer and dryer, which the seller indicates could be converted to common use for all units.
The property is located on a quieter block of Mulberry in San Antonio. The long-term ownership history is noted as 27 years, and the listing indicates the owner will consider owner financing.
The offering is a residential income property consisting of five separate units within a single multifamily building.
The property is located on a quieter block of Mulberry in San Antonio. The long-term ownership history is noted as 27 years, and the listing indicates the owner will consider owner financing.
The offering is a residential income property consisting of five separate units within a single multifamily building.
Key Highlights
- Well‑maintained 5‑plex multifamily property with high occupancy
- Same owner for 27 years; tenants consistently renew with a strong tenant mix
- Year built: 1958
Local Financial Insights For Apartment 5plus
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 | $64.6k | $19.80 |
| − Vacancy | −$4.0k | −$1.23 |
| EGI | $60.6k | $18.57 |
| − OpEx | −$27.3k | −$8.36 |
| NOI | $33.3k | $10.21 |
3,264 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$476.3K
$416.8K – $555.7K
NOI $33,341 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$832.6K
$728.5K – $971.4K
NOI $58,281 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-maintained five-unit multifamily property with high occupancy, oversized shared deck, and one private balcony.
Where is this apartment building located?
The property is located at 230 East Mulberry Avenue San Antonio, TX.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Well‑maintained 5‑plex multifamily property with high occupancy; Same owner for 27 years; tenants consistently renew with a strong tenant mix; Year built: 1958
