118 Funston Pl - Apartments FOR SALE


San Antonio, TX 78209- Mahncke Park
$949,999 USD
210-255-1118
118 Funston Pl, San Antonio, TX for Sale
$949,999 USD
Apartments - FOR SALE
1/32
null | Request Cap Rate

118 Funston Pl
San Antonio, TX 78209
Mahncke Park


HIGHLIGHTS

  • Nine Multifamily Units $950K + One Single-Family Home $160K– packaged together for a total of 10 doors.
  • Prime Location – Highly sought-after Mahncke Park, near Downtown San Antonio and the Pearl District.
  • Strong Community Appeal – Walkable neighborhood with retail, dining, and cultural attractions nearby.
  • Recent Updates – Multiple capital expenditure improvements.
  • Value-Add Upside – Potential through professional management, renovations, and repositioning.
  • Multiple Exit Strategies – Long-term hold, value-add play, or redevelopment potential.

OVERVIEW

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 stable 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.

FOR SALE DETAILS

PRICE

$949,999 USD

PRICE/SF

$56 USD /SF

# OF UNITS

9

PRICE/UNIT

$105,555

CAP RATE

Request Cap Rate

% LEASED

89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Parkview Apts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,978 SF

ZONING

MF-33

APN/PARCEL ID

06142-000-0510

ASK ABOUT THIS PROPERTY

Michael VasquezVirtus Realty GroupMore Info
210-255-1118

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Michael VasquezVirtus Realty GroupMore Info
210-255-1118

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.