Duplex with Carriage
For Sale
$599,900
614 E Mulberry, San Antonio, TX 78212
Set in Monte Vista, the property is minutes from Trinity University and downtown San Antonio.
Property Size1,911 SF
Price / SF$313.92
Days on Market15
Property Features for 614 E Mulberry
General Information
Standard status
Active
Size
1,911 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Amenities
backyard
mature pecan tree
carriage house
additional parking
Building Details
Year Built
1927
Construction
bungalow
Listing Agency:
Texas Premier Realty
Listed By:
Lyn Wolff
(210) 844-8683
Source:
Kingdomtxrealty
Added: Oct 1
Changed: Oct 12
Last Checked: Oct 7 at 12:55PM
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 Texas Premier Realty
Investment Insights
Based on property information with market context.
Built in 1927, this duplex contains two units, each with two bedrooms and two bathrooms, including a private primary suite. Recent work covered the HVAC, electrical and plumbing systems, along with the appliances. The property also includes a backyard with a mature pecan tree, a carriage house and additional parking. Plans for adding units are available.
The property is in Monte Vista, minutes from Trinity University and downtown San Antonio.
The property is in Monte Vista, minutes from Trinity University and downtown San Antonio.
Key Highlights
- Two units, each with 2 bedrooms and 2 bathrooms
- 1927 construction
- Updates include HVAC, electrical, plumbing and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,996
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$439,920
$439.9K
Cap Rate 7%
$314,229
$314.2K
Cap Rate 9%
$244,400
$244.4K
Market Conditions
NOI Build-Up for 1,911 SF
Gross rent
$33.3K $17.40/SF
− Vacancy
−$1.8K −$0.96/SF
EGI
$31.4K $16.44/SF
− OpEx
−$9.4K −$4.93/SF
NOI
$22.0K $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%
$439,920
Cap Rate 7%
$314,229
Cap Rate 9%
$244,400
Alternative Uses
Best Use
Multifamily LT 5
$314.2K
$275.0K – $366.6K
NOI $21,996 @ 7.0% cap · market cap 3.67%
Second Best
Apartment 5plus
$278.9K
$244.0K – $325.4K
NOI $19,521 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$487.5K
$426.5K – $568.7K
NOI $34,122 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,144
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
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Frequently Asked Questions
What type of property is this?
Duplex - Set in Monte Vista, the property is minutes from Trinity University and downtown San Antonio.
Where is this duplex located?
The property is located at 614 E Mulberry San Antonio, TX.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 2 bathrooms; 1927 construction; Updates include HVAC, electrical, plumbing and appliances
