Mahncke Park Duplex Investment
For Sale
$333,000
401 Natalen, San Antonio, TX 78209
MULTI_FAMILY - San Antonio, TX
Property Size1,656 SF
Lot Size0.22 Acres
Price / SF$201.09
Days on Market59
Property Features for 401 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
Size
1,656 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Annual Amount
7492
Building Details
Year built
1946
Listing Agency:
Sophus Properties, LLC
(210) 850-2833
Listed By:
Donna Crabtree · License #512451
(210) 850-2833
Added: Jun 2
Changed: Jul 27
Last Checked: Jul 30 at 6:06PM
MLS# 1945288
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 Mahncke Park duplex offers a significant investment opportunity with upside potential. The property requires repositioning, allowing investors to add value and improve performance. Each unit features a 2-bedroom, 1-bath townhome-style layout. Private backyards and individual washer and dryer hookups enhance tenant appeal and support consistent occupancy. The property is part of a larger Mahncke Park investment portfolio but can be purchased individually. Additional development potential exists when combined with the purchase of nearby properties at 401/403 Natalen, 407/409 Natalen, and 413/415 Natalen, creating a larger assemblage opportunity. Owner financing is available, providing a flexible alternative to traditional lending. The property is suitable for investors seeking reliable cash flow with value-add and development potential in a central location. The property is located in San Antonio, TX, with a lot size of 0.215 acres and a property size of 1656 square feet. The zoning is MF-33 NCD-6.
Key Highlights
- Strong investment opportunity with value‑add potential.
- Prime central location in Mahncke Park.
- Each unit has a spacious 2‑bedroom, 1‑bath townhome‑style layout.
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 | $28.8k | $17.40 |
| − Vacancy | −$1.6k | −$0.96 |
| EGI | $27.2k | $16.44 |
| − OpEx | −$8.2k | −$4.93 |
| NOI | $19.1k | $11.51 |
1,656 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$272.3K
$238.3K – $317.7K
NOI $19,061 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$241.7K
$211.5K – $281.9K
NOI $16,916 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$422.4K
$369.6K – $492.8K
NOI $29,569 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
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?
Duplex - Value-add duplex in prime location with development potential.
Where is this duplex located?
The property is located at 401 Natalen San Antonio, TX.
What is the asking price?
The asking price for this property is $333,000.
What are key features of this property?
This property features: Strong investment opportunity with value‑add potential.; Prime central location in Mahncke Park.; Each unit has a spacious 2‑bedroom, 1‑bath townhome‑style layout.
