Townhome-Style
For Sale
$333,000
407 Natalen, San Antonio, TX 78209
Multi-Family (2-8 Units), San Antonio, TX
Property Size1,656 SF
Lot Size0.20 Acres
Price / SF$201.09
Days on Market141
Property Features for 407 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
0.20 Acres
Taxes and HOA fees
Tax Annual Amount
7248
Building Details
Year built
1948
Listing Agency:
Sophus Properties, LLC
Listed By:
Donna Crabtree
(210) 850-2833
Added: Jun 2
Changed: Aug 19
Last Checked: Oct 20 at 3:06AM
MLS# 1945996
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.
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Investment Insights
Based on property information with market context.
This duplex contains two townhome-style residences, each arranged with two bedrooms and one bathroom. Both units include private backyards and hookups for individual washers and dryers. The property requires repositioning, creating a need for improvements to the existing configuration and performance.
Built in 1948, the building contains 1,656 square feet on a 0.199-acre lot and carries MF-33 NCD-6 zoning. It may be acquired on its own or as part of a larger investment portfolio. The property can also be combined with 401/403 Natalen, 407/409 Natalen, and 413/415 Natalen for a broader assemblage, as described in the property information.
Built in 1948, the building contains 1,656 square feet on a 0.199-acre lot and carries MF-33 NCD-6 zoning. It may be acquired on its own or as part of a larger investment portfolio. The property can also be combined with 401/403 Natalen, 407/409 Natalen, and 413/415 Natalen for a broader assemblage, as described in the property information.
Key Highlights
- Duplex with two 2‑bedroom, 1‑bath townhome‑style units
- 1,656 square feet on a 0.199‑acre lot
- Private backyards serve both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,061
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,220
$381.2K
Cap Rate 7%
$272,300
$272.3K
Cap Rate 9%
$211,789
$211.8K
Market Conditions
NOI Build-Up for 1,656 SF
Gross rent
$28.8K $17.40/SF
− Vacancy
−$1.6K −$0.96/SF
EGI
$27.2K $16.44/SF
− OpEx
−$8.2K −$4.93/SF
NOI
$19.1K $11.51/SF
Area
San Antonio, TX
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,220
Cap Rate 7%
$272,300
Cap Rate 9%
$211,789
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
700
Businesses Nearby
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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
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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?
Duplex - Two-bedroom units offer private outdoor space and washer and dryer connections in a compact residential income property.
Where is this duplex located?
The property is located at 407 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: Duplex with two 2‑bedroom, 1‑bath townhome‑style units; 1,656 square feet on a 0.199‑acre lot; Private backyards serve both residences
