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323 Claremont Ave - 323 Claremont Ave. 2 Unit Apartment Building Offered at $355,000 San Antonio, TX 78209



Investment Highlights
- Value Add Opportunity
- Owner financing option available
- Part of a Portfolio/or can be purchased separately
Executive Summary
Income-Producing Mahncke Park Duplex - Value-Add Opportunity with Owner Financing Available This Mahncke Park duplex presents an outstanding investment opportunity with an excellent rental history and strong value-add potential. Each unit features a well-designed 2-bedroom, 1-bath floor plan with private entrances, offering privacy and convenience that tenants appreciate. The property offers meaningful upside potential through deferred maintenance and cosmetic updates, providing investors the opportunity to increase rental income and overall property value. With strategic improvements, this duplex can deliver enhanced returns while benefiting from its desirable location. This property is part of a larger Mahncke Park investment portfolio but may also be purchased individually, offering flexibility to suit a variety of investment strategies. Owner financing terms are available, creating an attractive alternative to traditional financing options. Ideal for investors seeking in-place income with the opportunity to unlock additional value through improvements in a highly desirable rental market. Pictures taken from last vacancy of units.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$24,000
|
$13.42
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$24,000
|
$13.42
|
| Taxes |
$7,345
|
$4.11
|
| Operating Expenses |
$4,809
|
$2.69
|
| Total Expenses |
$12,154
|
$6.80
|
| Net Operating Income |
$11,846
|
$6.63
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $24,000 |
| Annual Per SF | $13.42 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $24,000 |
| Annual Per SF | $13.42 |
| Taxes | |
|---|---|
| Annual | $7,345 |
| Annual Per SF | $4.11 |
| Operating Expenses | |
|---|---|
| Annual | $4,809 |
| Annual Per SF | $2.69 |
| Total Expenses | |
|---|---|
| Annual | $12,154 |
| Annual Per SF | $6.80 |
| Net Operating Income | |
|---|---|
| Annual | $11,846 |
| Annual Per SF | $6.63 |
Property Facts
| Price | $355,000 | Lot Size | 0.14 AC |
| Price Per Unit | $177,500 | Building Size | 1,788 SF |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 2 | Year Built | 1943 |
| Property Type | Multifamily |
| Price | $355,000 |
| Price Per Unit | $177,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Lot Size | 0.14 AC |
| Building Size | 1,788 SF |
| No. Stories | 2 |
| Year Built | 1943 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $1,063 | 894 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 06780-002-0400 | Total Assessment | $301,000 |
| Land Assessment | $189,040 | Annual Taxes | $7,345 ($4.11/SF) |
| Improvements Assessment | $111,960 | Tax Year | 2025 |
Property Taxes
Parcel Number
06780-002-0400
Land Assessment
$189,040
Improvements Assessment
$111,960
Total Assessment
$301,000
Annual Taxes
$7,345 ($4.11/SF)
Tax Year
2025
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323 Claremont Ave - 323 Claremont Ave.
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