Gated Multifamily Apartment
451 Natalen Ave San Antonio, TX 78209
451 Natalen Ave, San Antonio, TX, 78209
$4,100,000
For Sale
$4,100,000
Gated apartment community with 10 covered parking spaces, resident laundry, and on-site storage areas.
Property Size14,160 SF
Price / SF$289.55
Days on Market13
Property Features for 451 Natalen Ave
General Information
- Standard status
- Active
- Size
- 14,160 SF
Listing agency
3D Realty & Property Management
(210) 865-8207
Listed by
Mary Jane Evans
(210) 865-8207
Source
Exprealty
Added: Jul 10 Updated: Jul 21 at 8:58AM Checked: Jul 21 at 8:58AM
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 3D Realty & Property Management
Investment Insights
Based on property information with market context.
This multifamily apartment building is configured with one-bedroom floorplans measuring approximately 400 to 600 square feet, supported by on-site resident laundry facilities. The property includes a gated entry and features parking with 10 covered spaces plus 20 outdoor spaces. Two large storage areas are also included, with room to convert into multiple individual storage units.
Located in the Mahncke Park subdivision, the property is described as minutes from downtown San Antonio and within walking distance of local cultural and natural attractions, including the San Antonio Botanical Garden, San Antonio Zoo, Witte Museum, and The Pearl.
All unit and building measurements are approximate. The asset is presented as a value-add opportunity, including the potential for cosmetic upgrades and additional revenue through storage-unit conversion.
Located in the Mahncke Park subdivision, the property is described as minutes from downtown San Antonio and within walking distance of local cultural and natural attractions, including the San Antonio Botanical Garden, San Antonio Zoo, Witte Museum, and The Pearl.
All unit and building measurements are approximate. The asset is presented as a value-add opportunity, including the potential for cosmetic upgrades and additional revenue through storage-unit conversion.
Key Highlights
- Gated multi‑family community in the Mahncke Park subdivision, minutes from downtown San Antonio
- 10 covered parking spaces plus 20 outdoor spaces for residents
- Resident laundry facilities on‑site
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 | $280.4k | $19.80 |
| − Vacancy | −$17.4k | −$1.23 |
| EGI | $263.0k | $18.57 |
| − OpEx | −$118.3k | −$8.36 |
| NOI | $144.6k | $10.21 |
14,160 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.07M
$1.81M – $2.41M
NOI $144,642 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.61M
$3.16M – $4.21M
NOI $252,838 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Gated apartment community with 10 covered parking spaces, resident laundry, and on-site storage areas.
Where is this apartment building located?
The property is located at 451 Natalen Ave San Antonio, TX.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: Gated multi‑family community in the Mahncke Park subdivision, minutes from downtown San Antonio; 10 covered parking spaces plus 20 outdoor spaces for residents; Resident laundry facilities on‑site
