Mahncke Park Fourplex Investment
For Sale
Under Contract
$598,000
340 Natalen, San Antonio, TX 78209
MULTI_FAMILY - San Antonio, TX
Property Size3,316 SF
Lot Size0.16 Acres
Price / SF$180.34
Days on Market59
Property Features for 340 Natalen
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MF-33, NCD-6
Elementary school
Call District
Middle school
Call District
High school
Call District
Elementary school district
San Antonio I.S.D.
Middle school district
San Antonio I.S.D.
High school district
San Antonio I.S.D.
Subdivision
1300
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
Last Checked: Jul 30 at 10:06PM
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.
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
903
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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.
