Mahncke Park Duplex Investment
261 Claremont San Antonio, TX 78209
261 Claremont, San Antonio, TX, 78209
$350,000
For Sale
Under Contract
$350,000
MULTI_FAMILY - San Antonio, TX
Property Size1,656 SF
Lot Size0.19 Acres
Price / SF$211.35
Days on Market50
Property Features for 261 Claremont
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MF-33 NDC-6
- Standard status
- Active Under Contract
- Size
- 1,656 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7809
Building Details
- Year built
- 1939
Listing agency
Sophus Properties, LLC
(210) 850-2833
Listed by
Donna Crabtree · License #512451
(210) 850-2833
Added: Jun 2 Checked: Jul 21 at 7:06AM
MLS# 1942957
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 Mahncke Park duplex offers an investment opportunity with upside potential and a rental history. Each unit features a 2-bedroom, 1-bath townhome-style layout, providing functional living spaces. Both units include private backyards and individual washer and dryer hookups. The property is part of a larger Mahncke Park investment portfolio but may also be purchased individually. Owner financing is available. This is an opportunity for investors seeking cash flow with value-add potential in a central location. The property is located in San Antonio, TX, with MF-33 NDC-6 zoning. The lot size is 0.192 acres. The property size is 1656 square feet. All interior pictures were taken during the last vacancy of units.
Key Highlights
- Excellent investment opportunity with strong upside potential and proven rental history.
- Located in the highly sought‑after central location of Mahncke Park.
- Owner financing is available.
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 | $28.8k | $17.40 |
| − Vacancy | −$1.6k | −$0.96 |
| EGI | $27.2k | $16.44 |
| − OpEx | −$8.2k | −$4.93 |
| NOI | $19.1k | $11.51 |
1,656 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$272.3K
$238.3K – $317.7K
NOI $19,061 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$241.7K
$211.5K – $281.9K
NOI $16,916 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$422.4K
$369.6K – $492.8K
NOI $29,569 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex in sought-after location with income and value-add potential.
Where is this duplex located?
The property is located at 261 Claremont San Antonio, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Excellent investment opportunity with strong upside potential and proven rental history.; Located in the highly sought‑after central location of Mahncke Park.; Owner financing is available.
