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$849,950

Est. payment - /mo

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6 Beds

5 Baths

3,180 SqFt

Active

406 Mulberry San Antonio, TX 78212

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Evan Rayborn

evan.rayborn@gmail.com +1(210) 878-5090

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Key Details

Property Type Multi-Family

Sub Type Multi-Family (2-8 Units)

Listing Status Active

Purchase Type For Sale

Square Footage 3,180 sqft

Price per Sqft $267

Subdivision Monte Vista

MLS Listing ID 1999627

Style Two Story

Bedrooms 6

Full Baths 5

Year Built 1925

Annual Tax Amount $13,300

Lot Size 6,926 Sqft

Property Sub-Type Multi-Family (2-8 Units)

Property Description

Own an income-producing triplex in the heart of Monte Vista, one of San Antonio's most storied historic districts. Built in 1925 in classic Mediterranean style, this three-unit property sits directly across the street from Trinity University, a busy, high-traffic corner that keeps rental demand strong year-round. All three units have stayed consistently occupied, with a strong history of full occupancy and no vacancy. Three separate units make this a smart income play or a live-in-one, rent-the-others setup. The top unit is a spacious 3 bed, 2 bath. The lower unit is a comfortable 2 bed, 2 bath. A private studio over the garage rounds it out, perfect for a third tenant or short-term rental upside. About 3,540 square feet of livable space across all three units. This is a strong fit for a 1031 exchange buyer looking to move their proceeds and step up into a stable, income-producing property in a premium location. Two of the three units have already been updated, with newer kitchens, bathrooms, flooring, fresh drywall and paint, and updated laundry areas. The upstairs is next in line for the same treatment, which gives a new owner a clear path to add value. There's also room to adjust rents for future tenants in line with strong area demand, creating an opportunity for the right investor to grow income over time. Property is directly across from Trinity University and just minutes from the Pearl, downtown San Antonio, and the Broadway Corridor, with the St. Mary's Strip, San Antonio Museum of Art, and Brackenridge Park all close by. Walk to Landa Library, coffee, and local favorites like La Fonda on Main. Steady rental demand comes built in from Trinity students, faculty, and young professionals who want to live in the middle of it all. A newer roof, roughly two years old, is a significant advantage for a home of this age. Original 1925 character, a full basement, deck, and extra storage give it the kind of charm you just can't rebuild.

Location

State TX

County Bexar

Area 0900

Direction E

Interior

Heating Central, 3+ Units

Cooling Multi-Unit Central, Three+ Central

Flooring Saltillo Tile, Ceramic Tile, Wood, Vinyl, Laminate

Exterior

Exterior Feature 4 Sides Masonry, Wood

Garage Spaces 5.0

Roof Type Composition,Flat,Clay

Building

Foundation Slab

Schools

Elementary Schools Call District

Middle Schools Call District

High Schools Call District

School District San Antonio I.S.D.

Others

Miscellaneous Historic District

Acceptable Financing Conventional, Cash, Investors OK

Listing Terms Conventional, Cash, Investors OK

LERA MLS - Local Expertise Regional Access / SABOR

Listed by Andy Perez • Redbird Realty LLC • (210) 885-7569

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CONTACT US

+1(210) 878-5090

evan.rayborn@gmail.com

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