About 401 Natalen
This Mahncke Park duplex presents a strong investment opportunity with significant upside potential. The property is in need of repositioning, offering investors the chance to add value and improve performance. Each unit features a spacious 2-bedroom, 1-bath townhome-style layout with private backyards and individual washer and dryer hookups, enhancing tenant appeal and supporting consistent occupancy. The property is part of a larger Mahncke Park investment portfolio but may also be purchased individually. Additional development potential exists when combined with the purchase of nearby properties at 401/403 Natalen, 407/409 Natalen, and 413/415 Natalen, creating the opportunity for a larger assemblage. Owner financing is available, providing a flexible alternative to traditional lending. Ideal for investors seeking reliable cash flow with value-add and development potential in a prime central location.
Features of 401 Natalen
| MLS® # | 1945288 |
|---|---|
| Price | $333,000 |
| Number Of Units | 2 |
| Square Footage | 1,656 |
| Acres | 0.22 |
| Year Built | 1946 |
| Type | Multi-Family (2-8 Units) |
| Sub-Type | Two Story |
| Status | Active Option |
Community Information
| Address | 401 Natalen |
|---|---|
| Subdivision | MAHNCKE PARK |
| City | San Antonio |
| County | Bexar |
| State | TX |
| Zip Code | 78209 |
Multi-Unit Information
| Gross Annual Income | $37,680 |
|---|---|
| Net Operating Income | $20,680 |
| Annual Operating Expense | $17,000 |
| Operating Expense Includes | Taxes, Insurance, Maintenance, Management |
Unit 1 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $1,600 |
| Occupied | NO |
| Includes | Not Applicable |
Unit 2 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $1,600 |
| Occupied | NO |
| Includes | Not Applicable |
Amenities
| Has Pool | No |
|---|
Interior
| Heating | None |
|---|---|
| Cooling | Window/Wall |
| Has Basement | No |
Exterior
| Exterior | Siding |
|---|---|
| Roof | Composition |
School Information
| District | San Antonio I.S.D. |
|---|---|
| Elementary | Call District |
| Middle | Call District |
| High | Call District |
Additional Information
| Date Listed | March 2nd, 2026 |
|---|---|
| Days on Market | 133 |
| Zoning | MF-33 NCD-6 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 6.21 |
| Gross Rent Multiplier | 8.84 |
| Estimated Taxes | $7,492 |
Listing Details
| Agent | Donna Crabtree |
|---|---|
| Office | Sophus Properties, LLC |
| Contact Info | (210) 219-3045 |