Townhome-Style
For Sale
$975,000
107 Claremont Ave, San Antonio, TX
Three attached residential units offer open layouts, private garages, and flexible traditional or furnished rental use.
Property Size3,718 SF
Price / SF$262.24
Days on Market18
Property Features for 107 Claremont Ave
General Information
Standard status
Active
Size
3,718 SF
Total Parking Spaces
3
Property subtype
Residential Income
Net Operating Income
$29,666
Units
Unit Mix
3 x 2BR/2.5BA
Multifamily Units
3
Parking per Unit
1
Additional Details
Gross Income
$70,298
Taxes and HOA fees
Annual Taxes
$19,157
Building Details
Year Built
2018
Listing Agency:
Phyllis Browning Company
(253) 310-1973
Listed By:
David Abrahams · License #719953
(253) 310-1973
Source:
Exprealty
Added: Aug 12
Changed: Aug 25
Last Checked: Aug 28 at 5:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Phyllis Browning Company
Investment Insights
Based on property information with market context.
Constructed in 2018, this 3-unit property includes three 2-story, townhome-style residences totaling 3,718 SF. Each unit contains 2 bedrooms, 2.5 baths, open-concept living areas, granite countertops, stainless steel appliances, and a private 1-car garage. Individually metered utilities serve the units.
The property is located in San Antonio’s Mahncke Park, with Broadway, the Pearl District, and downtown nearby. Its configuration supports traditional leasing as well as furnished or short-term rental use; one unit currently operates as an Airbnb. The building was constructed by Imagine Homes, identified in the source information as an ENERGY STAR and Build San Antonio Green certified builder.
The property is located in San Antonio’s Mahncke Park, with Broadway, the Pearl District, and downtown nearby. Its configuration supports traditional leasing as well as furnished or short-term rental use; one unit currently operates as an Airbnb. The building was constructed by Imagine Homes, identified in the source information as an ENERGY STAR and Build San Antonio Green certified builder.
Key Highlights
- 3‑unit property with three 2‑story townhome‑style residences
- 3,718 SF total building area, constructed in 2018
- Each unit includes 2 bedrooms, 2.5 baths, and a private 1‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,795
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$855,900
$855.9K
Cap Rate 7%
$611,357
$611.4K
Cap Rate 9%
$475,500
$475.5K
Market Conditions
NOI Build-Up for 3,718 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$64.7K $17.40/SF
− Vacancy
−$3.6K −$0.96/SF
EGI
$61.1K $16.44/SF
− OpEx
−$18.3K −$4.93/SF
NOI
$42.8K $11.51/SF
Area
San Antonio, TX
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$855,900
Cap Rate 7%
$611,357
Cap Rate 9%
$475,500
Alternative Uses
Best Use
Multifamily LT 5
$611.4K
$534.9K – $713.3K
NOI $42,795 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$542.6K
$474.7K – $633.0K
NOI $37,979 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$948.4K
$829.9K – $1.11M
NOI $66,388 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,142
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three attached residential units offer open layouts, private garages, and flexible traditional or furnished rental use.
Where is this triplex located?
The property is located at 107 Claremont Ave San Antonio, TX.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 3‑unit property with three 2‑story townhome‑style residences; 3,718 SF total building area, constructed in 2018; Each unit includes 2 bedrooms, 2.5 baths, and a private 1‑car garage
