Renovated Triplex Near Downtown San
940 West Mulberry Avenue San Antonio, TX 78201
940 West Mulberry Avenue, San Antonio, TX, 78201
$565,000
For Sale
$565,000
Turnkey triplex with modern updates and prime location.
Property Size2,977 SF
Price / SF$189.79
Days on Market86
Property Features for 940 West Mulberry Avenue
General Information
- Standard status
- Active
- Size
- 2,977 SF
- Property subtype
- Multi-Family / Two Story
Building Details
- Year Built
- 1930
Listing Agency
JB Goodwin, REALTORS
(210) 744-4600
Listed by
Allison McCarroll
(210) 744-4600
Source
Compass
Added: Apr 23 Checked: Jul 17 at 5:00 am
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 fully renovated triplex presents a rare investment opportunity, blending historic charm with modern updates. The property features wood flooring throughout. The first-level unit includes two bedrooms and two bathrooms, a large living area, a modernized kitchen, and closet space. Upstairs, there are two one-bedroom, one-bathroom units, each with updated kitchens, comfortable living areas, stylish bathrooms, and private balconies. A detached shared laundry room is located off of the two-car garage. The property is located near I-10, I-35, and US-281, with proximity to downtown, The Pearl, the Medical Center, Woodlawn Lake, local parks, and restaurants and bars. The property size is 2977 square feet. This property is suitable for investors or owner-occupants looking to live in one unit while renting out the others.
Key Highlights
- Turnkey triplex: Fully renovated and ready for immediate occupancy or rental.
- Excellent investment opportunity: Ideal for investors or owner‑occupants seeking rental income.
- Prime location: Easy access to major highways and close to downtown, The Pearl, Medical Center, Woodlawn Lake, and popular amenities.
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 | $51.8k | $17.40 |
| − Vacancy | −$2.8k | −$0.96 |
| EGI | $49.0k | $16.44 |
| − OpEx | −$14.7k | −$4.93 |
| NOI | $34.3k | $11.51 |
2,977 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$489.5K
$428.3K – $571.1K
NOI $34,266 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$434.4K
$380.1K – $506.8K
NOI $30,410 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$759.4K
$664.5K – $886.0K
NOI $53,157 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Turnkey triplex with modern updates and prime location.
Where is this triplex located?
The property is located at 940 West Mulberry Avenue San Antonio, TX.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Turnkey triplex: Fully renovated and ready for immediate occupancy or rental.; Excellent investment opportunity: Ideal for investors or owner‑occupants seeking rental income.; Prime location: Easy access to major highways and close to downtown, The Pearl, Medical Center, Woodlawn Lake, and popular amenities.
