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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
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
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

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
  • Listing ID: 39507964

  • Date on Market: 2/20/2026

  • Last Updated:

  • Address: 323 Claremont Ave, San Antonio, TX 78209

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