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$949,999
Est. payment /mo
11 Beds
8 Baths
7,590 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two Story
Listing Status Active
Purchase Type For Sale
Square Footage 7,590 sqft
Price per Sqft $125
MLS Listing ID 1912457
Style Two Story
Bedrooms 11
Full Baths 8
Year Built 1954
Annual Tax Amount $20,431
Lot Size 0.330 Acres
Acres 0.3299
Property Sub-Type Two Story
Property Description
This offering features a 9-unit multifamily property in the highly desirable Mahncke Park, with an additional single-family home at 417 Margaret Ave offered separately at $160,000. Known for its tree-lined streets, historic character, and proximity to downtown, the Pearl District, and major employment hubs, Mahncke Park continues to be one of the city's most sought-after rental markets. The multifamily property totals 7,590 SF on a 0.33-acre lot, with a strong unit mix of one-bedroom, two-bedroom, and studio layouts. Built in 1954, the asset combines classic architecture with functionality and recent updates, including exterior paint (2021), select AC replacements, and a solid roof-minimizing near-term capital requirements. With solid operations and multiple investment strategies, this property provides both immediate income and long-term upside. Whether held as a cash-flowing asset, repositioned with value-add improvements, or redeveloped in the future, the opportunities here are substantial.
Location
State TX
County Bexar
Area 1300
Zoning MF-33
Interior
Heating Central, Window Unit
Cooling Multi-Unit Central, Window/Wall
Flooring Vinyl
Exterior
Exterior Feature Brick, Other
Garage Spaces 8.0
Roof Type Built-Up/Gravel
Building
Foundation Slab
Sewer City
Water City
Schools
Elementary Schools Lamar
Middle Schools Mark Twain
High Schools Edison
School District San Antonio I.S.D.
Others
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
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Listed by Michael Vasquez • Real Broker, LLC • (855) 450-0442
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