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261 Claremont Ave - 261/263 Claremont Ave. 2 Unit Apartment Building Offered at $350,000 San Antonio, TX 78209
Investment Highlights
- Upside rental potential
- Part of a package of 28 doors in Mahncke Park
- Owner financing options available
- Available to be purchased separately
Executive Summary
This Mahncke Park duplex presents an excellent investment opportunity with strong upside potential and a proven rental history. Each unit features a spacious 2-bedroom, 1-bath townhome-style layout, offering functional living spaces that appeal to long-term tenants and support consistent occupancy.
Both units include private backyards and individual washer and dryer hookups, enhancing tenant convenience and desirability. These features contribute toward rental performance while providing opportunities for future income growth. The property is part of a larger Mahncke Park investment portfolio but may also be purchased individually, offering flexibility for investors of all sizes. Owner financing is available, providing an attractive alternative to traditional lending and simplifying the acquisition process. An ideal opportunity for investors seeking dependable cash flow with additional value-add potential in a highly sought-after central location. All interior pictures taken during last vacancy of units.
Both units include private backyards and individual washer and dryer hookups, enhancing tenant convenience and desirability. These features contribute toward rental performance while providing opportunities for future income growth. The property is part of a larger Mahncke Park investment portfolio but may also be purchased individually, offering flexibility for investors of all sizes. Owner financing is available, providing an attractive alternative to traditional lending and simplifying the acquisition process. An ideal opportunity for investors seeking dependable cash flow with additional value-add potential in a highly sought-after central location. All interior pictures taken during last vacancy of units.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$28,575
|
$17.26
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$28,575
|
$17.26
|
| Taxes |
$7,809
|
$4.72
|
| Operating Expenses |
$8,800
|
$5.31
|
| Total Expenses |
$16,609
|
$10.03
|
| Net Operating Income |
$11,966
|
$7.23
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $28,575 |
| Annual Per SF | $17.26 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $28,575 |
| Annual Per SF | $17.26 |
| Taxes | |
|---|---|
| Annual | $7,809 |
| Annual Per SF | $4.72 |
| Operating Expenses | |
|---|---|
| Annual | $8,800 |
| Annual Per SF | $5.31 |
| Total Expenses | |
|---|---|
| Annual | $16,609 |
| Annual Per SF | $10.03 |
| Net Operating Income | |
|---|---|
| Annual | $11,966 |
| Annual Per SF | $7.23 |
Property Facts
| Price | $350,000 | Building Size | 1,656 SF |
| Price Per Unit | $175,000 | Average Occupancy | 100% |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 2 | Year Built | 1939 |
| Property Type | Multifamily | ||
| Zoning | MF-33 NCD-6 - MF-33 is a medium-density MF zoning district allowing up to 33 residential units per acre. NCD-6 refers to the Mahncke Park Conservation District | ||
| Price | $350,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 1,656 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1939 |
| Zoning | MF-33 NCD-6 - MF-33 is a medium-density MF zoning district allowing up to 33 residential units per acre. NCD-6 refers to the Mahncke Park Conservation District |
Amenities
- Smoke Detector
Unit Amenities
- Washer/Dryer Hookup
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Dining Room
- Family Room
- Porch
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $1,118 | 828 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 06780-002-0311 | Total Assessment | $320,000 |
| Land Assessment | $227,740 | Annual Taxes | $7,809 ($4.72/SF) |
| Improvements Assessment | $92,260 | Tax Year | 2025 |
Property Taxes
Parcel Number
06780-002-0311
Land Assessment
$227,740
Improvements Assessment
$92,260
Total Assessment
$320,000
Annual Taxes
$7,809 ($4.72/SF)
Tax Year
2025
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261 Claremont Ave - 261/263 Claremont Ave.
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