406 E Mulberry, San Antonio, TX 78212

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.