Mahncke Park Fourplex Near
For Sale
$654,000
255 Natalen Ave, San Antonio, TX 78209
Charming, fully occupied fourplex in desirable Mahncke Park.
Property Size3,854 SF
Price / SF$169.69
Days on Market218
Property Features for 255 Natalen Ave
General Information
Standard status
Active
Size
3,854 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Mahncke Park
Building Details
Year Built
1936
Listing Agency:
Real Broker, LLC
Listed By:
Sterling Williams
(210) 569-9008
Source:
Theswinneygroup
Added: Mar 26
Changed: Oct 25
Last Checked: Oct 7 at 2:14PM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
This charming fourplex is located in Mahncke Park, near Downtown, the Pearl, the Botanical Gardens, the San Antonio Zoo, Trinity University, and UIW. The property features hardwood flooring and updated bathrooms. Off-street pad parking is available for each tenant. The building is fully occupied and includes one 3-bedroom, 2-bathroom unit, one 2-bedroom, 2-bathroom unit, one 1-bedroom unit, and one studio apartment. The property size is 3,854 square feet.
Key Highlights
- Prime Location: Enjoy the convenience of Mahncke Park, near Downtown, Pearl, Botanical Gardens, San Antonio Zoo, and Trinity University.
- Fully Occupied 4‑Plex: Immediate rental income from a diverse unit mix.
- Off‑Street Pad Parking: Dedicated parking for each tenant.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,360
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$887,200
$887.2K
Cap Rate 7%
$633,714
$633.7K
Cap Rate 9%
$492,889
$492.9K
Market Conditions
NOI Build-Up for 3,854 SF
Gross rent
$67.1K $17.40/SF
− Vacancy
−$3.7K −$0.96/SF
EGI
$63.4K $16.44/SF
− OpEx
−$19.0K −$4.93/SF
NOI
$44.4K $11.51/SF
Area
San Antonio, TX
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$887,200
Cap Rate 7%
$633,714
Cap Rate 9%
$492,889
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 authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
775
Businesses Nearby
Explore this area
Business Placement
Demographics for 78209, TX
42,456
Population
22,771
Households
1.9
Avg Household Size
40
Median Age
62%
College-Educated
96%
High-School Grad
10.2 sq mi
ZIP Area
4,162
Density / Sq Mi
$84,180
Median Household Income
$57,921
Median Earnings
$1,371
Median Rent
$497,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Charming, fully occupied fourplex in desirable Mahncke Park.
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: Enjoy the convenience of Mahncke Park, near Downtown, Pearl, Botanical Gardens, San Antonio Zoo, and Trinity University.; Fully Occupied 4‑Plex: Immediate rental income from a diverse unit mix.; Off‑Street Pad Parking: Dedicated parking for each tenant.
