San Antonio Fourplex Near
255 NATALEN AVE San Antonio, TX 78209
255 NATALEN AVE, San Antonio, TX, 78209
$654,000
For Sale
$654,000
MULTI_FAMILY - San Antonio, TX
Property Size3,854 SF
Lot Size0.16 Acres
Price / SF$169.69
Days on Market49
Property Features for 255 NATALEN AVE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 3,854 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 15212
Building Details
- Year built
- 1936
Listing Agency
Real Broker, LLC
(855) 450-0442
2626 Cole Avenue, Houston, TX
Listed by
Sterling Williams
(214) 202-7615
Added: May 30 Checked: Jul 17 at 2:06 pm
MLS# 1871720
Listing URL
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 centrally located fourplex is situated in the Mahncke Park area of San Antonio, Texas. The property is conveniently located minutes from Downtown, The Pearl, Botanical Garden, San Antonio Zoo, Trinity University, and UIW. The unit mix includes a 3-bedroom, 2-bathroom unit, a 2-bedroom, 2-bathroom unit, a 1-bedroom, 1-bathroom unit, and a studio. The property offers versatility for investors or owner-occupants. The building features hardwood floors throughout. Off-street pad parking is available for each tenant. The property, situated on a 0.161-acre lot, has a building size of 3,854 square feet. A new roof is scheduled for installation in November 2025. The property offers strong rental potential in a high-demand area with consistent tenant interest. It is suitable for investors, house-hackers, or multigenerational living. This property is located in one of San Antonio's most desirable central neighborhoods.
Key Highlights
- Prime location in Mahncke Park, close to Downtown, The Pearl, Botanical Garden, San Antonio Zoo, Trinity University, and UIW.
- Strong rental potential in a high‑demand area.
- Versatile unit mix includes a 3/2, a 2/2, a 1/1, and a studio.
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 | $67.1k | $17.40 |
| − Vacancy | −$3.7k | −$0.96 |
| EGI | $63.4k | $16.44 |
| − OpEx | −$19.0k | −$4.93 |
| NOI | $44.4k | $11.51 |
3,854 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$633.7K
$554.5K – $739.3K
NOI $44,360 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$562.4K
$492.1K – $656.1K
NOI $39,368 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$983.1K
$860.2K – $1.15M
NOI $68,816 @ 7.0% cap · market cap 10.52%
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 - Centrally located fourplex with strong rental potential in San Antonio.
Where is this quadplex located?
The property is located at 255 NATALEN AVE San Antonio, TX.
What is the asking price?
The asking price for this property is $654,000.
What are key features of this property?
This property features: Prime location in Mahncke Park, close to Downtown, The Pearl, Botanical Garden, San Antonio Zoo, Trinity University, and UIW.; Strong rental potential in a high‑demand area.; Versatile unit mix includes a 3/2, a 2/2, a 1/1, and a studio.
