118 Funston Pl new Save Request In-Person Tour Request Virtual Tour
San Antonio,TX 78209
Key Details
Property Type Multi-Family
Sub Type Multi-Family (2-8 Units)
Listing Status Active
Purchase Type For Sale
Square Footage 7,590 sqft
Price per Sqft $125
Subdivision Mahncke Park
MLS Listing ID 1912457
Style Two Story
Bedrooms 11
Full Baths 8
Construction Status Pre-Owned
Year Built 1954
Annual Tax Amount $20,431
Lot Size 0.330 Acres
Property Sub-Type Multi-Family (2-8 Units)
Property Description
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 solid 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.
Location
State TX
County Bexar
Area 1300
Zoning MF-33
Interior
Heating Central,Window Unit
Cooling Multi-Unit Central,Window/Wall
Flooring Vinyl
Exterior
Exterior Feature Brick,Other
Garage Spaces 8.0
Roof Type Built-Up/Gravel
Building
Foundation Slab
Sewer City
Water City
Construction Status Pre-Owned
Schools
Elementary Schools Lamar
Middle Schools Mark Twain
High Schools Edison
School District San Antonio I.S.D.
Others
Acceptable Financing Conventional,Cash,Other
Listing Terms Conventional,Cash,Other