Value-Add Duplex with Private
For Sale
$355,000
323 Claremont Avenue, San Antonio, TX 78209
Duplex offers two 2-bedroom, 1-bath units with private entrances and room for cosmetic and maintenance improvements.
Property Size1,788 SF
Price / SF$198.55
Days on Market275
Property Features for 323 Claremont Avenue
General Information
Standard status
Active
Size
1,788 SF
Property subtype
Multi-Family / Two Story
Zoning
MF-33, NCD-6
Net Operating Income
$11,846
Site & Location
Neighborhood
Midtown
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,345
Amenities
Ceramic Tile, Wood
Composition
Conventional, 1st Seller Carry, Cash
Building Details
Year Built
1943
Tenancy
Multi
Listing Agency:
Sophus Properties, LLC
Listed By:
Donna Crabtree · License #512451
(210) 219-3045
Source:
Compass
Added: Jan 27
Changed: Oct 26
Last Checked: Oct 28 at 11:52AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This income-producing Mahncke Park duplex features two units, each with a 2-bedroom, 1-bath layout and a private entrance. The property is positioned for a value-add approach, with deferred maintenance and cosmetic updates identified as opportunities to improve the units and overall appearance.
Pictures were taken from the last vacancy of the units. The duplex is part of a larger Mahncke Park investment portfolio, though it may be purchased individually for investors seeking in-place rental income with the ability to address property condition.
Owner financing is available, providing an alternative to traditional financing options for qualified buyers.
Pictures were taken from the last vacancy of the units. The duplex is part of a larger Mahncke Park investment portfolio, though it may be purchased individually for investors seeking in-place rental income with the ability to address property condition.
Owner financing is available, providing an alternative to traditional financing options for qualified buyers.
Key Highlights
- 1943‑built Mahncke Park duplex with two units, each offering a 2‑bedroom, 1‑bath layout
- Each unit has a private entrance
- Interior flooring includes ceramic tile and wood
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,580
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,600
$411.6K
Cap Rate 7%
$294,000
$294.0K
Cap Rate 9%
$228,667
$228.7K
Market Conditions
NOI Build-Up for 1,788 SF
Gross rent
$31.1K $17.40/SF
− Vacancy
−$1.7K −$0.96/SF
EGI
$29.4K $16.44/SF
− OpEx
−$8.8K −$4.93/SF
NOI
$20.6K $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%
$411,600
Cap Rate 7%
$294,000
Cap Rate 9%
$228,667
Alternative Uses
Best Use
Multifamily LT 5
$294.0K
$257.3K – $343.0K
NOI $20,580 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$260.9K
$228.3K – $304.4K
NOI $18,264 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$456.1K
$399.1K – $532.1K
NOI $31,926 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,012
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex offers two 2-bedroom, 1-bath units with private entrances and room for cosmetic and maintenance improvements.
Where is this duplex located?
The property is located at 323 Claremont Avenue San Antonio, TX.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: 1943‑built Mahncke Park duplex with two units, each offering a 2‑bedroom, 1‑bath layout; Each unit has a private entrance; Interior flooring includes ceramic tile and wood
