Mahncke Park Four-Plex
218 Claremont San Antonio, TX 78209
218 Claremont, San Antonio, TX, 78209
$525,000
For Sale
Under Contract
$525,000
MULTI_FAMILY - San Antonio, TX
Property Size2,832 SF
Lot Size0.18 Acres
Price / SF$185.38
Days on Market49
Property Features for 218 Claremont
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MF-33 NCD-6
- Standard status
- Active Under Contract
- Size
- 2,832 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9517
Building Details
- Year built
- 1941
Listing Agency
Sophus Properties, LLC
(210) 850-2833
11230 West Ave Ste 1101, San Antonio, TX
Listed by
Donna Crabtree
(210) 850-2833
Added: Jun 2 Checked: Jul 20 at 9:06 am
MLS# 1942895
Listing URL
Copyright © 2026 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-plex, located in the Mahncke Park neighborhood, presents an investment opportunity. Each of the four units features a functional 1-bedroom, 1-bath layout. The property has a proven rental history. Each unit includes one dedicated space in a covered carport. An on-site storage room presents the potential to be converted into a shared laundry facility. The property is part of a larger Mahncke Park investment portfolio and may be purchased individually or as part of the portfolio. The property is located in San Antonio, Texas, within Bexar County. The lot size is 0.184 acres. The property size is 2832 Square Feet. The zoning is MF-33 NCD-6. This property is ideal for investors seeking cash flow with value-add potential in a prime central location.
Key Highlights
- Strong rental history provides immediate income.
- Located in the desirable Mahncke Park neighborhood.
- Value‑add potential through on‑site storage room conversion to shared laundry facility.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.3k | $17.40 |
| − Vacancy | −$2.7k | −$0.96 |
| EGI | $46.6k | $16.44 |
| − OpEx | −$14.0k | −$4.93 |
| NOI | $32.6k | $11.51 |
2,832 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-plex in Mahncke Park with strong rental history.
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: Strong rental history provides immediate income.; Located in the desirable Mahncke Park neighborhood.; Value‑add potential through on‑site storage room conversion to shared laundry facility.
