About 1202 S General Mcmullen Dr
INVESTOR ALERT - Fully Occupied 5-Plex with Long-Term Tenants! Turnkey income-producing property, this five-unit multifamily is 100% occupied by long-term tenants, generating $1,940/month in gross rental income ($23,280/year). Each unit is separately metered for electricity, with owner responsible for water only - keeping operating expenses low and predictable. Rent roll: $400 / $400 / $380 / $380 / $380. At only $19,980 per unit, this is an affordable multifamily investment with immediate income and significant value-add potential. Current rents are low, providing potential upside through future improvements and rent increases. Older property being sold with tenants in place and priced accordingly. Do not disturb tenants. Buyer to verify all information. Property sold as-is. Do not disturb tenants - showings require advance notice/appointment only. Verify all rents, square footage, unit count, and income/expense figures independently.
Features of 1202 S General Mcmullen Dr
| MLS® # | 2013741 |
|---|---|
| Price | $99,900 |
| Number Of Units | 5 |
| Square Footage | 1,440 |
| Acres | 0.13 |
| Year Built | 1950 |
| Type | Multi-Family (2-8 Units) |
| Sub-Type | One Story |
| Status | New |
Community Information
| Address | 1202 S General Mcmullen Dr |
|---|---|
| Subdivision | GARDENDALE AREA 8 ED |
| City | San Antonio |
| County | Bexar |
| State | TX |
| Zip Code | 78237 |
Multi-Unit Information
| Gross Annual Income | $23,280 |
|---|---|
| Net Operating Income | $16,980 |
| Annual Operating Expense | $6,300 |
| Operating Expense Includes | Taxes, Insurance, All Utilities |
Unit 1 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Street |
| Handicap Access | NO |
| Rent | $400 |
| Occupied | YES |
| Includes | Not Applicable |
Unit 2 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Street |
| Handicap Access | NO |
| Rent | $380 |
| Occupied | YES |
| Includes | Not Applicable |
Unit 3 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Street |
| Handicap Access | NO |
| Rent | $380 |
| Occupied | YES |
| Includes | Not Applicable |
Unit 4 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Street |
| Handicap Access | NO |
| Rent | $380 |
| Occupied | YES |
| Includes | Not Applicable |
Unit 5 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Street |
| Handicap Access | NO |
| Rent | $400 |
| Occupied | YES |
| Includes | Not Applicable |
Amenities
| Has Pool | No |
|---|
Interior
| Heating | None |
|---|---|
| Cooling | None, Window/Wall |
| Has Basement | No |
Exterior
| Exterior | Siding |
|---|---|
| Exterior Features | Not Applicable/None |
| Roof | Composition |
School Information
| District | Edgewood I.S.D |
|---|---|
| Elementary | Perales |
| Middle | Brentwood |
| High | John F Kennedy |
Additional Information
| Date Listed | September 3rd, 2026 |
|---|---|
| Days on Market | 1 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 17.00 |
| Gross Rent Multiplier | 4.29 |
| Estimated Taxes | $2,946 |
Listing Details
| Agent | Walter Owens |
|---|---|
| Office | Walter Ray Owens, Jr. - Broker |
| Contact Info | (210) 334-7200 |