10-Unit Apartment
For Sale
$659,999
402 Mulberry, San Antonio, TX 78212
Ten one-bedroom, one-bath residences offer a renovation-focused multifamily project near central San Antonio amenities.
Property Size4,320 SF
Price / SF$152.78
Days on Market64
Property Features for 402 Mulberry
General Information
Standard status
Active
Size
4,320 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
needs a little TLC
Units
Unit Mix
10 x 1BR/1BA
Multifamily Units
10
Building Details
Year Built
1931
Listing Agency:
Keller Williams Heritage
Listed By:
Scott Malouff · License #658231
(210) 365-6192
Source:
Theswinneygroup
Added: Aug 16
Changed: Oct 12
Last Checked: Oct 7 at 4:33PM
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 Keller Williams Heritage
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Investment Insights
Based on property information with market context.
Built in 1931, this apartment property contains 10 one-bedroom, one-bath units within approximately 4,320 square feet. The existing configuration provides a defined multifamily layout, while the property’s current condition calls for renovation and hands-on improvement work.
The property is located at 402 Mulberry in San Antonio, near Downtown San Antonio and San Antonio College. Dining, entertainment, and major employers are also described as minutes away, placing the asset within an established urban setting with nearby institutional and employment destinations.
The property is located at 402 Mulberry in San Antonio, near Downtown San Antonio and San Antonio College. Dining, entertainment, and major employers are also described as minutes away, placing the asset within an established urban setting with nearby institutional and employment destinations.
Key Highlights
- 10 apartment units with a one‑bedroom, one‑bath configuration
- Approximately 4,320 square feet of multifamily space
- Built in 1931
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,128
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,560
$882.6K
Cap Rate 7%
$630,400
$630.4K
Cap Rate 9%
$490,311
$490.3K
Market Conditions
NOI Build-Up for 4,320 SF
Gross rent
$85.5K $19.80/SF
− Vacancy
−$5.3K −$1.23/SF
EGI
$80.2K $18.57/SF
− OpEx
−$36.1K −$8.36/SF
NOI
$44.1K $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%
$882,560
Cap Rate 7%
$630,400
Cap Rate 9%
$490,311
Alternative Uses
Best Use
Apartment 5plus
$630.4K
$551.6K – $735.5K
NOI $44,128 @ 7.0% cap · market cap 6.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$964.2K – $1.29M
NOI $77,137 @ 7.0% cap · market cap 11.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
1,005
Businesses Nearby
Explore this area
Business Placement
Demographics for 78212, TX
26,738
Population
13,399
Households
2
Avg Household Size
39
Median Age
39%
College-Educated
85%
High-School Grad
6.9 sq mi
ZIP Area
3,875
Density / Sq Mi
$60,222
Median Household Income
$40,037
Median Earnings
$1,084
Median Rent
$299,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Ten one-bedroom, one-bath residences offer a renovation-focused multifamily project near central San Antonio amenities.
Where is this apartment building located?
The property is located at 402 Mulberry San Antonio, TX.
What is the asking price?
The asking price for this property is $659,999.
What are key features of this property?
This property features: 10 apartment units with a one‑bedroom, one‑bath configuration; Approximately 4,320 square feet of multifamily space; Built in 1931
