Renovated Triplex with Private
For Sale
$555,000
940 W Mulberry, San Antonio, TX 78201
Three-unit property with updated interiors, separate balconies, shared laundry, and a detached two-car garage.
Property Size2,977 SF
Price / SF$186.43
Days on Market52
Property Features for 940 W Mulberry
General Information
Standard status
Active
Size
2,977 SF
Property subtype
Multi-Family
Building Details
Year Built
1930
Listing Agency:
JB Goodwin, REALTORS
Listed By:
Allison McCarroll
(512) 502-7804
Source:
Drialtor
Added: Aug 17
Changed: Sep 9
Last Checked: Oct 5 at 9:52PM
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 JB Goodwin, REALTORS
Investment Insights
Based on property information with market context.
This 2,977-square-foot triplex combines updated interiors with a three-unit layout. The lower-level residence includes two bedrooms, two bathrooms, a broad living space, a modern kitchen, wood flooring, and substantial closet storage. Two upstairs apartments each provide one bedroom, one bathroom, a refreshed kitchen, a comfortable living area, a contemporary bathroom, and a private balcony. A detached shared laundry room is positioned beside the two-car garage.
The property is located at 940 W Mulberry Ave in San Antonio, with access to I-10, I-35, and US-281. Downtown, The Pearl, the Medical Center, Woodlawn Lake, local parks, restaurants, and bars are identified as nearby destinations.
The property is located at 940 W Mulberry Ave in San Antonio, with access to I-10, I-35, and US-281. Downtown, The Pearl, the Medical Center, Woodlawn Lake, local parks, restaurants, and bars are identified as nearby destinations.
Key Highlights
- 2,977‑square‑foot triplex with one 2‑bedroom/2‑bath unit and two 1‑bedroom/1‑bath units
- Renovated interiors with wood flooring throughout
- Two upstairs units include private balconies
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,266
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,320
$685.3K
Cap Rate 7%
$489,514
$489.5K
Cap Rate 9%
$380,733
$380.7K
Market Conditions
NOI Build-Up for 2,977 SF
Gross rent
$51.8K $17.40/SF
− Vacancy
−$2.8K −$0.96/SF
EGI
$49.0K $16.44/SF
− OpEx
−$14.7K −$4.93/SF
NOI
$34.3K $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%
$685,320
Cap Rate 7%
$489,514
Cap Rate 9%
$380,733
Alternative Uses
Best Use
Multifamily LT 5
$489.5K
$428.3K – $571.1K
NOI $34,266 @ 7.0% cap · market cap 6.17%
Second Best
Apartment 5plus
$434.4K
$380.1K – $506.8K
NOI $30,410 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$759.4K
$664.5K – $886.0K
NOI $53,157 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
941
Businesses Nearby
Explore this area
Business Placement
Demographics for 78201, TX
42,005
Population
18,661
Households
2.3
Avg Household Size
39
Median Age
17%
College-Educated
73%
High-School Grad
7.1 sq mi
ZIP Area
5,916
Density / Sq Mi
$46,129
Median Household Income
$30,517
Median Earnings
$1,033
Median Rent
$187,400
Median Home Value
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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?
Triplex - Three-unit property with updated interiors, separate balconies, shared laundry, and a detached two-car garage.
Where is this triplex located?
The property is located at 940 W Mulberry San Antonio, TX.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: 2,977‑square‑foot triplex with one 2‑bedroom/2‑bath unit and two 1‑bedroom/1‑bath units; Renovated interiors with wood flooring throughout; Two upstairs units include private balconies
