Spanish Revival
For Sale
$429,900
421 Eleanor Ave, San Antonio, TX 78209
1936 property with two private one-bedroom, one-bath units and a private entry court.
Property Size1,324 SF
Price / SF$324.70
Days on Market66
Property Features for 421 Eleanor Ave
General Information
Standard status
Active
Size
1,324 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Amenities
high ceilings
arched cutouts
custom wrought-iron accents
private entry court
Building Details
Year Built
1936
Construction
Spanish Revival
Listing Agency:
JB Goodwin, REALTORS
Listed By:
David Boullosa
(210) 581-9050
Source:
Mlsluxurygroup
Added: Aug 16
Changed: Oct 5
Last Checked: Oct 7 at 5:00PM
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 JB Goodwin, REALTORS
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Investment Insights
Based on property information with market context.
Built in 1936, this Spanish Revival duplex contains two separate one-bedroom, one-bath residences. The property retains period character through high ceilings, arched openings, and custom wrought-iron details, while also including a private entry court. Each unit has its own private entrance, supporting separate residential use within the building.
The property occupies nearly a quarter of an acre at 421 Eleanor Ave in San Antonio’s Mahncke Park neighborhood, described as historic and tree-lined. Zoning supports additional unit construction at the rear, including an Accessory Dwelling Unit, additional rental units, or expansion of the existing footprint. The property is also positioned for potential conversion to a single-family residence.
The property occupies nearly a quarter of an acre at 421 Eleanor Ave in San Antonio’s Mahncke Park neighborhood, described as historic and tree-lined. Zoning supports additional unit construction at the rear, including an Accessory Dwelling Unit, additional rental units, or expansion of the existing footprint. The property is also positioned for potential conversion to a single-family residence.
Key Highlights
- 1936 Spanish Revival duplex at 421 Eleanor Ave, San Antonio, TX
- Two private 1 bed / 1 bath units
- Nearly a quarter‑acre lot in Mahncke Park
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,239
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,780
$304.8K
Cap Rate 7%
$217,700
$217.7K
Cap Rate 9%
$169,322
$169.3K
Market Conditions
NOI Build-Up for 1,324 SF
Gross rent
$23.0K $17.40/SF
− Vacancy
−$1.3K −$0.96/SF
EGI
$21.8K $16.44/SF
− OpEx
−$6.5K −$4.93/SF
NOI
$15.2K $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%
$304,780
Cap Rate 7%
$217,700
Cap Rate 9%
$169,322
Alternative Uses
Best Use
Multifamily LT 5
$217.7K
$190.5K – $254.0K
NOI $15,239 @ 7.0% cap · market cap 3.54%
Second Best
Apartment 5plus
$193.2K
$169.1K – $225.4K
NOI $13,524 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$337.7K
$295.5K – $394.0K
NOI $23,641 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
775
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - 1936 property with two private one-bedroom, one-bath units and a private entry court.
Where is this duplex located?
The property is located at 421 Eleanor Ave San Antonio, TX.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: 1936 Spanish Revival duplex at 421 Eleanor Ave, San Antonio, TX; Two private 1 bed / 1 bath units; Nearly a quarter‑acre lot in Mahncke Park
