About 118 Funston Pl
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.
Features of 118 Funston Pl
| MLS® # | 1912457 |
|---|---|
| Price | $949,999 |
| Remarks | $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. |
| Square Footage | 7,590 |
| Acres | 0.33 |
| Year Built | 1954 |
| Type | Multi-Family (2-8 Units) |
| Status | New |
| Housing Type | Two Story |
Community Information
| Address | 118 Funston Pl |
|---|---|
| Area | 1300 |
| Subdivision | MAHNCKE PARK |
| City | San Antonio |
| County | Bexar |
| State | TX |
| Zip Code | 78209 |
Amenities
| Pool On Property | No |
|---|
Interior
| Heating | Central, Window Unit |
|---|---|
| Cooling | Multi-Unit Central, Window/Wall |
Exterior
| Exterior | Brick, Other |
|---|---|
| Roof | Built-Up/Gravel |
| Construction | Pre-Owned |
| Foundation | Slab |
School Information
| District | San Antonio I.S.D. |
|---|---|
| Elementary | Lamar |
| Middle | Mark Twain |
| High | Edison |
Additional Information
| $/LivSqFt | $125 |
|---|---|
| Net Income | $58,549 |
| Building Sqft | 7,590 |
| # Units | 9 |
| Date Listed | October 3rd, 2025 |
| Days on Market | 9 |
| Zoning | MF-33 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Michael Vasquez |
|---|---|
| Office | Real Broker, LLC |