Five-Unit Apartment
For Sale
$675,000
230 Mulberry, San Antonio, TX 78212
Well-maintained multifamily property with shared outdoor amenities and an in-unit laundry setup.
Property Size3,264 SF
Price / SF$206.80
Days on Market86
Property Features for 230 Mulberry
General Information
Standard status
Active
Size
3,264 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
5
Amenities
oversized deck
private balcony/terrace
Building Details
Year Built
1958
Listing Agency:
Parman Group
Listed By:
Thomas Nyman · License #TEXAS541964
(210) 857-7060
Source:
Sarahildebrandaguilera
Added: Jul 29
Changed: Oct 16
Last Checked: Oct 7 at 2:21PM
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
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Investment Insights
Based on property information with market context.
This five-unit apartment property contains 3,264 square feet and was built in 1958. The asset has been maintained by the same owner for 27 years and includes a washer and dryer in Unit 1, with the option to convert that equipment for shared tenant use. Residents also have access to an oversized deck, mature trees, and one private balcony or terrace.
The property is located at 230 Mulberry in San Antonio, Texas, within the 78212 ZIP code. Tenant renewals and a mix of occupants are noted, providing operating history within the existing apartment configuration.
The property is located at 230 Mulberry in San Antonio, Texas, within the 78212 ZIP code. Tenant renewals and a mix of occupants are noted, providing operating history within the existing apartment configuration.
Key Highlights
- Five‑unit apartment property with 3,264 square feet
- Built in 1958 and maintained by the same owner for 27 years
- Washer and dryer currently located in Unit 1
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,341
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$666,820
$666.8K
Cap Rate 7%
$476,300
$476.3K
Cap Rate 9%
$370,456
$370.5K
Market Conditions
NOI Build-Up for 3,264 SF
Gross rent
$64.6K $19.80/SF
− Vacancy
−$4.0K −$1.23/SF
EGI
$60.6K $18.57/SF
− OpEx
−$27.3K −$8.36/SF
NOI
$33.3K $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%
$666,820
Cap Rate 7%
$476,300
Cap Rate 9%
$370,456
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 authorities.
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Property Analytics
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,136
Businesses Nearby
Explore this area
Business Placement
Demographics for 78212, TX
26,738
Population
13,399
Households
2
Avg Household Size
39
Median Age
39%
College-Educated
85%
High-School Grad
6.9 sq mi
ZIP Area
3,875
Density / Sq Mi
$60,222
Median Household Income
$40,037
Median Earnings
$1,084
Median Rent
$299,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained multifamily property with shared outdoor amenities and an in-unit laundry setup.
Where is this apartment building located?
The property is located at 230 Mulberry 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: Five‑unit apartment property with 3,264 square feet; Built in 1958 and maintained by the same owner for 27 years; Washer and dryer currently located in Unit 1
