Value-Add Duplex with Private
323 Claremont Avenue San Antonio, TX 78209
For Sale
$355,000
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 Market154
Property Features for 323 Claremont Avenue
General Information
- Standard status
- Active
- Size
- 1,788 SF
- Property subtype
- Multi-Family / Two Story
Building Details
- Year Built
- 1943
Listing Agency:
Sophus Properties, LLC
(210) 219-3045
Listed By:
Donna Crabtree · License #512451
(210) 219-3045
Source:
Compass
Added: Feb 19
Changed: Jul 23
Last Checked: Jul 23 at 1:43AM
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
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 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 | $31.1k | $17.40 |
| − Vacancy | −$1.7k | −$0.96 |
| EGI | $29.4k | $16.44 |
| − OpEx | −$8.8k | −$4.93 |
| NOI | $20.6k | $11.51 |
1,788 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
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
