Remodeled 10-Unit Apartment
For Sale
$1,550,000
312 Natalen, San Antonio, TX 78209
Fully remodeled multifamily property supporting both short-term and long-term rental operations.
Property Size6,906 SF
Lot Size0.40 Acres
Price / SF$224.44
Days on Market592
Property Features for 312 Natalen
General Information
Standard status
Active
Size
6,906 SF
Lot size
0.40 Acres
Property subtype
Multi-family
Additional Details
Multifamily Units
10
Building Details
Year Built
1943
Listing Agency:
America Realty
Listed By:
Lourdes Jacques
(210) 317-7850
Source:
Phyllisbrowning
Added: Mar 1, 2025
Changed: Oct 13
Last Checked: Oct 12 at 8:51PM
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 America Realty
Investment Insights
Based on property information with market context.
This 10-unit apartment property occupies 0.4 acres and was originally built in 1943. All units have been remodeled, with two currently operated as short-term rentals and six rear units occupied under long-term leases. The layout includes two separate buildings, four units oriented toward Natalen St, and a small storage area for property supplies.
A concrete pad is in place for additional square footage, and the site retains room for further unit development. The property is located near the Botanical Garden, San Antonio’s cultural area, the Pearl, and Broadway, with a blend of rental formats already established across the asset.
A concrete pad is in place for additional square footage, and the site retains room for further unit development. The property is located near the Botanical Garden, San Antonio’s cultural area, the Pearl, and Broadway, with a blend of rental formats already established across the asset.
Key Highlights
- 10 remodeled apartment units on 0.4 acres
- MF33 zoning
- Two units currently operate as short‑term rentals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,544
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,410,880
$1.4M
Cap Rate 7%
$1,007,771
$1.0M
Cap Rate 9%
$783,822
$783.8K
Market Conditions
NOI Build-Up for 6,906 SF
Gross rent
$136.7K $19.80/SF
− Vacancy
−$8.5K −$1.23/SF
EGI
$128.3K $18.57/SF
− OpEx
−$57.7K −$8.36/SF
NOI
$70.5K $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%
$1,410,880
Cap Rate 7%
$1,007,771
Cap Rate 9%
$783,822
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$881.8K – $1.18M
NOI $70,544 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,312 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
10
Residential units
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully remodeled multifamily property supporting both short-term and long-term rental operations.
Where is this apartment building located?
The property is located at 312 Natalen San Antonio, TX.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 10 remodeled apartment units on 0.4 acres; MF33 zoning; Two units currently operate as short‑term rentals
