Four-Unit Quadplex with Covered
For Sale
$525,000
218 Claremont, San Antonio, TX 78209
Established rental history, dedicated covered parking, and on-site storage complement the residential unit layouts.
Property Size2,832 SF
Price / SF$185.38
Days on Market68
Property Features for 218 Claremont
General Information
Standard status
Active
Size
2,832 SF
Property subtype
Multi-Family
Building Details
Year Built
1941
Listing Agency:
Sophus Properties, LLC
Listed By:
Donna Crabtree · License #512451
(210) 850-2833
Source:
Sarahildebrandaguilera
Added: Aug 10
Changed: Oct 7
Last Checked: Oct 7 at 4:13PM
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 Sophus Properties, LLC
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Investment Insights
Based on property information with market context.
This 2,832-square-foot quadplex contains four residential units, each arranged as a 1-bedroom, 1-bath residence. The property was built in 1941 and includes a covered carport with one assigned space for every unit. An additional storage room provides flexibility for shared building use, including the potential creation of a laundry area.
Located at 218 Claremont in San Antonio’s Mahncke Park neighborhood, the property offers an established rental history. It may be acquired on its own or together with the larger Mahncke Park investment portfolio, providing flexibility for different acquisition strategies.
Located at 218 Claremont in San Antonio’s Mahncke Park neighborhood, the property offers an established rental history. It may be acquired on its own or together with the larger Mahncke Park investment portfolio, providing flexibility for different acquisition strategies.
Key Highlights
- 2,832‑square‑foot quadplex with four residential units
- Four 1‑bedroom, 1‑bath units
- Built in 1941
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,597
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$651,940
$651.9K
Cap Rate 7%
$465,671
$465.7K
Cap Rate 9%
$362,189
$362.2K
Market Conditions
NOI Build-Up for 2,832 SF
Gross rent
$49.3K $17.40/SF
− Vacancy
−$2.7K −$0.96/SF
EGI
$46.6K $16.44/SF
− OpEx
−$14.0K −$4.93/SF
NOI
$32.6K $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 Rate 5%
$651,940
Cap Rate 7%
$465,671
Cap Rate 9%
$362,189
Alternative Uses
Best Use
Multifamily LT 5
$465.7K
$407.5K – $543.3K
NOI $32,597 @ 7.0% cap · market cap 6.21%
Second Best
Apartment 5plus
$413.3K
$361.6K – $482.1K
NOI $28,928 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$722.4K
$632.1K – $842.8K
NOI $50,568 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
798
Businesses Nearby
Explore this area
Business Placement
Demographics for 78209, TX
42,456
Population
22,771
Households
1.9
Avg Household Size
40
Median Age
62%
College-Educated
96%
High-School Grad
10.2 sq mi
ZIP Area
4,162
Density / Sq Mi
$84,180
Median Household Income
$57,921
Median Earnings
$1,371
Median Rent
$497,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Established rental history, dedicated covered parking, and on-site storage complement the residential unit layouts.
Where is this quadplex located?
The property is located at 218 Claremont San Antonio, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,832‑square‑foot quadplex with four residential units; Four 1‑bedroom, 1‑bath units; Built in 1941
