Mahncke Park Fourplex Investment
340 Natalen San Antonio, TX 78209
340 Natalen, San Antonio, TX, 78209
$598,000
For Sale
Under Contract
$598,000
MULTI_FAMILY - San Antonio, TX
Property Size3,316 SF
Lot Size0.16 Acres
Price / SF$180.34
Days on Market51
Property Features for 340 Natalen
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MF-33, NCD-6
- Standard status
- Active Under Contract
- Size
- 3,316 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10591
Building Details
- Year built
- 1936
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# 1943104
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.
Located in the desirable Mahncke Park neighborhood, this fourplex presents an excellent investment opportunity. The property can be purchased individually or as part of a larger portfolio. Owner financing is available. The building contains four 1-bedroom, 1-bath units, each equipped with washer and dryer hookups and designed with functional floor plans. The units retain distinctive features from the 1930s. Onsite covered parking provides one designated space per unit. The property, which is zoned MF-33 and NCD-6, offers upside potential through deferred maintenance and cosmetic updates, presenting an opportunity to increase rental income. The property size is 3316 square feet, situated on a 0.161-acre lot.
Key Highlights
- Located in the highly desirable Mahncke Park neighborhood.
- Owner financing is available with attractive terms.
- Excellent value‑add opportunity with upside potential through deferred maintenance and cosmetic updates.
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 | $57.7k | $17.40 |
| − Vacancy | −$3.2k | −$0.96 |
| EGI | $54.5k | $16.44 |
| − OpEx | −$16.4k | −$4.93 |
| NOI | $38.2k | $11.51 |
3,316 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$545.2K
$477.1K – $636.1K
NOI $38,167 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$483.9K
$423.4K – $564.5K
NOI $33,872 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$845.9K
$740.1K – $986.8K
NOI $59,210 @ 7.0% cap · market cap 9.90%
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 - Four 1-bedroom units with value-add potential in historic neighborhood.
Where is this quadplex located?
The property is located at 340 Natalen San Antonio, TX.
What is the asking price?
The asking price for this property is $598,000.
What are key features of this property?
This property features: Located in the highly desirable Mahncke Park neighborhood.; Owner financing is available with attractive terms.; Excellent value‑add opportunity with upside potential through deferred maintenance and cosmetic updates.
