Mahncke Park Duplex Investment
407 Natalen San Antonio, TX 78209
407 Natalen, San Antonio, TX, 78209
$333,000
For Sale
Under Contract
$333,000
MULTI_FAMILY - San Antonio, TX
Property Size1,656 SF
Lot Size0.20 Acres
Price / SF$201.09
Days on Market50
Property Features for 407 Natalen
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MF-33 NCD-6
- Standard status
- Active Under Contract
- 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
(210) 850-2833
Listed by
Donna Crabtree · License #512451
(210) 850-2833
Added: Jun 2 Checked: Jul 21 at 7:06AM
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.
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, located in San Antonio, TX 78209, has MF-33 NCD-6 zoning. 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. The property size is 1656 square feet and the lot size is 0.199 acres. Owner financing is available, providing a flexible alternative to traditional lending. This duplex is ideal for investors seeking reliable cash flow with value-add and development potential in a prime central location.
Key Highlights
- Prime Mahncke Park location offers strong investment potential.
- Each unit has a spacious 2‑bedroom, 1‑bath townhome‑style layout.
- Private backyards and individual washer/dryer hookups enhance tenant appeal.
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
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 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: Prime Mahncke Park location offers strong investment potential.; Each unit has a spacious 2‑bedroom, 1‑bath townhome‑style layout.; Private backyards and individual washer/dryer hookups enhance tenant appeal.
