Mahncke Park Fourplex Investment
252 Natalen San Antonio, TX 78209
252 Natalen, San Antonio, TX, 78209
$425,000
For Sale
Under Contract
$425,000
MULTI_FAMILY - San Antonio, TX
Property Size3,040 SF
Lot Size0.16 Acres
Price / SF$139.80
Days on Market51
Property Features for 252 Natalen
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MF-33 NCD-6
- Standard status
- Active Under Contract
- Size
- 3,040 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6721
Building Details
- Year built
- 1950
Listing agency
Sophus Properties, LLC
(210) 850-2833
Listed by
Donna Crabtree · License #512451
(210) 850-2833
Added: Jun 2 Checked: Jul 22 at 4:06AM
MLS# 1946870
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.
This Mahncke Park fourplex presents a strong investment opportunity with significant upside potential. The property is in need of repositioning, offering investors the chance to add value and improve performance. Downstairs units are in need of significant remodeling, while upstairs units are close to being rent-ready. The property, part of a larger Mahncke Park investment portfolio, may also be purchased individually. Owner financing is available, providing a flexible alternative to traditional lending. Ideal for investors seeking reliable cash flow with value-add and development potential in a prime central location. The property is zoned MF-33 NCD-6 and has a lot size of 0.161 acres. The property size is 3040 square feet.
Key Highlights
- Prime central location in Mahncke Park
- Strong investment opportunity with significant upside potential
- Value‑add and development potential
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 | $52.9k | $17.40 |
| − Vacancy | −$2.9k | −$0.96 |
| EGI | $50.0k | $16.44 |
| − OpEx | −$15.0k | −$4.93 |
| NOI | $35.0k | $11.51 |
3,040 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$499.9K
$437.4K – $583.2K
NOI $34,991 @ 7.0% cap · market cap 8.23%
Second Best
Apartment 5plus
$443.6K
$388.2K – $517.6K
NOI $31,053 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$775.5K
$678.5K – $904.7K
NOI $54,282 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fourplex in need of repositioning with upside potential.
Where is this quadplex located?
The property is located at 252 Natalen San Antonio, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Prime central location in Mahncke Park; Strong investment opportunity with significant upside potential; Value‑add and development potential
