402 Mulberry, San Antonio, TX 78212
MULTI_FAMILY - San Antonio, TX
- Added:
- Jun 8, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 10 at 4:06 am
Property Features for 402 Mulberry
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 4,320 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Annual Amount
- 0
Building Details
- Year built
- 1931
Listing agent Scott Malouff License #658231 (210) 493-3030
Listing office Keller Williams Heritage 1717 N. Loop 1604 E, San Antonio, TX (210) 493-3030
Listing date Jun 8, 2026
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.
HighLights
- 10‑unit multifamily property built in 1931
- Ten 1‑bedroom, 1‑bath units
- Listed for investors, flippers, and cash‑flow buyers with a property needing TLC
- Near Downtown San Antonio and San Antonio College
Overview
Located in San Antonio, Texas, the property is described as being near Downtown San Antonio and San Antonio College. Access to the area’s retail and employment centers is part of the appeal for a residential income owner seeking a straightforward unit-count investment.
For investors, flippers, or hands-on operators, the 10-unit layout can support a small-balance strategy focused on unit upgrades and property refresh. Each apartment’s consistent 1-bedroom, 1-bath configuration may simplify leasing and renovation planning compared with a more mixed unit mix. Buyers should plan for necessary interior work based on the property condition described in the listing and verify expenses and scope during due diligence at 402 Mulberry, San Antonio, TX 78212.
Local Financial Insights For Apartment 5plus
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 | $85.5k | $19.80 |
| − Vacancy | −$5.3k | −$1.23 |
| EGI | $80.2k | $18.57 |
| − OpEx | −$36.1k | −$8.36 |
| NOI | $44.1k | $10.21 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- San Antonio
- County
- Comal
- State
- Texas
- Longitude
- -98.499473
- Latitude
- 29.456527
