118 Funston Pl San Antonio, TX 78209 Back on Market

UPDATED: 11/27/2025 05:55 PM ON MARKET: 62 days on market

$949,999

11 Beds8 Baths7,590 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family (2-8 Units)

Listing Status Back on Market

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 stabilized 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.