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402 W Mulberry Ave
San Antonio, TX 78212
Multifamily Property For Sale
·
10 Units
Investment Highlights
- Fully vacant — immediate renovation access with zero tenant buyout or relocation risk
- Infill Alta Vista location minutes from Downtown San Antonio and San Antonio College
- Basis of $65,999.90/unit and $152.78/SF — attractive relative to new-construction replacement cost
- Ten (10) uniform 1BR/1BA units — 10 beds / 10 baths total — simple, scalable value-add scope
- Individually metered electric supports a submetering/utility recapture conversion
- Seller financing available on the 1st, alongside Conventional, FHA, VA, and Cash — flexible capital stack options
Executive Summary
Vacant 10-Unit Value-Add Multifamily — Steps from Downtown San Antonio & San Antonio College
402 Mulberry Avenue presents a rare vacant-delivery acquisition opportunity in San Antonio’s Alta Vista submarket, immediately adjacent to Downtown San Antonio and San Antonio College. The offering consists of ten (10) fully vacant one-bedroom/one-bathroom units — 10 beds and 10 baths total — across 4,320 SF on a 0.103-acre infill lot, allowing a new owner to execute a full renovation and re-lease program without tenant relocation or buyout costs.
At $659,999 ($65,999.90 per unit / $152.78 per SF), the basis leaves room for a comprehensive capital improvement program while remaining attractive relative to new-construction replacement cost in the submarket. Individually metered electric service simplifies a bulk-to-submeter utility conversion, and the uniform 1/1 unit mix supports a repeatable, scalable renovation scope.
Positioned within walking distance of Downtown San Antonio’s employment core and San Antonio College’s enrollment base, the property is well suited to capture rental demand from students, young professionals, and workforce tenants once repositioned. Flexible acquisition financing is available, including Conventional, FHA, VA, and Seller Carry on the 1st.
402 Mulberry Avenue presents a rare vacant-delivery acquisition opportunity in San Antonio’s Alta Vista submarket, immediately adjacent to Downtown San Antonio and San Antonio College. The offering consists of ten (10) fully vacant one-bedroom/one-bathroom units — 10 beds and 10 baths total — across 4,320 SF on a 0.103-acre infill lot, allowing a new owner to execute a full renovation and re-lease program without tenant relocation or buyout costs.
At $659,999 ($65,999.90 per unit / $152.78 per SF), the basis leaves room for a comprehensive capital improvement program while remaining attractive relative to new-construction replacement cost in the submarket. Individually metered electric service simplifies a bulk-to-submeter utility conversion, and the uniform 1/1 unit mix supports a repeatable, scalable renovation scope.
Positioned within walking distance of Downtown San Antonio’s employment core and San Antonio College’s enrollment base, the property is well suited to capture rental demand from students, young professionals, and workforce tenants once repositioned. Flexible acquisition financing is available, including Conventional, FHA, VA, and Seller Carry on the 1st.
Property Facts
| Price Per Unit | $91,010 CAD | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 4,320 SF |
| No. Units | 10 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1931 |
| Apartment Style | Low-Rise | Cross Streets | San Pedro |
| Building Class | C | ||
| Zoning | C-2 / Rm-4 - Commercial District | ||
| Price Per Unit | $91,010 CAD |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,320 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1931 |
| Cross Streets | San Pedro |
| Zoning | C-2 / Rm-4 - Commercial District |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | 350 - 475 |
| 1+1 | 2 | - | 445 |
Property Taxes
| Parcel Number | 01815-015-0101 | Improvements Assessment | $519,722 CAD |
| Land Assessment | $204,221 CAD | Total Assessment | $723,943 CAD |
Property Taxes
Parcel Number
01815-015-0101
Land Assessment
$204,221 CAD
Improvements Assessment
$519,722 CAD
Total Assessment
$723,943 CAD
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