Mahncke Park Fourplex Near
255 Natalen Ave San Antonio, TX 78209
255 Natalen Ave, San Antonio, TX, 78209
Contact for pricing
For Sale
Contact for pricing
Charming, fully occupied fourplex in desirable Mahncke Park.
Property Size3,854 SF
Price / SF$169.69
Days on Market795
Property Features for 255 Natalen Ave
General Information
- Standard status
- Active
- Size
- 3,854 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1936
Listing agency
Multi Unit X Group
Listed by
Sterling Williams · License #TX 682359
Source
Crexi
Added: May 18, 2024 Updated: Jul 6 at 8:26AM Checked: Jul 21 at 8:46AM
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 Multi Unit X Group
Investment Insights
Based on property information with market context.
This charming fourplex is located in Mahncke Park, near Downtown, the Pearl, the Botanical Gardens, the San Antonio Zoo, Trinity University, and UIW. The property features hardwood flooring and updated bathrooms. Off-street pad parking is available for each tenant. The building is fully occupied and includes one 3-bedroom, 2-bathroom unit, one 2-bedroom, 2-bathroom unit, one 1-bedroom unit, and one studio apartment. The property size is 3,854 square feet.
Key Highlights
- Prime Location: Enjoy the convenience of Mahncke Park, near Downtown, Pearl, Botanical Gardens, San Antonio Zoo, and Trinity University.
- Fully Occupied 4‑Plex: Immediate rental income from a diverse unit mix.
- Off‑Street Pad Parking: Dedicated parking for each tenant.
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 | $67.1k | $17.40 |
| − Vacancy | −$3.7k | −$0.96 |
| EGI | $63.4k | $16.44 |
| − OpEx | −$19.0k | −$4.93 |
| NOI | $44.4k | $11.51 |
3,854 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$633.7K
$554.5K – $739.3K
NOI $44,360 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$562.4K
$492.1K – $656.1K
NOI $39,368 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$983.1K
$860.2K – $1.15M
NOI $68,816 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Charming, fully occupied fourplex in desirable Mahncke Park.
Where is this quadplex located?
The property is located at 255 Natalen Ave San Antonio, TX.
What is the asking price?
The asking price for this property is $654,000.
What are key features of this property?
This property features: Prime Location: Enjoy the convenience of Mahncke Park, near Downtown, Pearl, Botanical Gardens, San Antonio Zoo, and Trinity University.; Fully Occupied 4‑Plex: Immediate rental income from a diverse unit mix.; Off‑Street Pad Parking: Dedicated parking for each tenant.
