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Parkview Apts 118 Funston Pl 9 Unit Apartment Building $949,999 ($105,555/Unit) San Antonio, TX 78209
Investment Highlights
- Nine Multifamily Units $950K + One Single-Family Home $160K– packaged together for a total of 10 doors.
- Strong Community Appeal – Walkable neighborhood with retail, dining, and cultural attractions nearby.
- Value-Add Upside – Potential through professional management, renovations, and repositioning.
- Prime Location – Highly sought-after Mahncke Park, near Downtown San Antonio and the Pearl District.
- Recent Updates – Multiple capital expenditure improvements.
- Multiple Exit Strategies – Long-term hold, value-add play, or redevelopment potential.
Executive Summary
This offering features a stablized 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.
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.
Property Facts
| Price | $949,999 | Building Class | C |
| Price Per Unit | $105,555 | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 7,590 SF |
| No. Units | 9 | Average Occupancy | 89% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1954/2024 |
| Apartment Style | Low-Rise | Parking Ratio | 1.71/1,000 SF |
| Zoning | MF-33 - Multifamily District | ||
| Price | $949,999 |
| Price Per Unit | $105,555 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 7,590 SF |
| Average Occupancy | 89% |
| No. Stories | 2 |
| Year Built/Renovated | 1954/2024 |
| Parking Ratio | 1.71/1,000 SF |
| Zoning | MF-33 - Multifamily District |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Gated
- Trash Pickup - Curbside
- Storage Space
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 4 | - | - |
| 2+1 | 4 | - | - |
1 1
Walk Score®
Very Walkable (81)
Property Taxes
| Parcel Number | 06142-000-0510 | Improvements Assessment | $426,220 |
| Land Assessment | $410,980 | Total Assessment | $837,200 |
Property Taxes
Parcel Number
06142-000-0510
Land Assessment
$410,980
Improvements Assessment
$426,220
Total Assessment
$837,200
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Parkview Apts | 118 Funston Pl
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