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 Market78
Property Features for 940 W Mulberry
General Information
Standard status
Active
Size
2,977 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Beacon Hill
Building Details
Year Built
1930
Listing Agency:
JB Goodwin, REALTORS
Listed By:
Allison McCarroll
(210) 744-4600
Source:
Drialtor
Added: Aug 17
Changed: Oct 26
Last Checked: Oct 7 at 5:41PM
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
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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.
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Location Intelligence
Trade Area within ½ mile
941
Businesses Nearby
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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
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
