The Mirabella — Sale in San Antonio, TX

  • Price: $397
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: San Antonio, TX 78228
  • Year built: 2010

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Description

JLL is pleased to exclusively offer for sale The Mirabella, a 172-unit, 100% Affordable Senior LIHTC community located in San Antonio, TX. The Property is currently 93% occupied and benefits from a $397 spread to market-rate comparables, supporting stable, bond-like cash flow and future rent growth through continued increases in affordable housing income limits and maximum allowable LIHTC rents. Further enhancing the investment profile, The Mirabella offers investors the opportunity to assume approximately $6.7 million of below-market debt with a 1.42% blended interest rate, while maintaining a 100% real estate tax exemption. Positioned within one of San Antonio's most densely populated senior corridors, The Mirabella represents a compelling affordable housing investment opportunity characterized by stable occupancy, strong collections, and attractive long-term upside.

Market Context

This multifamily in San Antonio, TX is listed for sale at $397. The building dates to 2010. Compare it against other multifamily listings for sale in San Antonio, TX — view the full market.

As of Q4 2025, the San Antonio multifamily market showed a 15.8% vacancy rate, and average asking rents near $1231.50/unit/mo. Source: multiple brokerage reports, Q4 2025.

Above-average vacancy gives buyers leverage and a wide set of comparables.

Multifamily market FAQ

Is the San Antonio multifamily market tightening or softening?
Vacancy is around 15.8% (Q4 2025).

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