About 323 Claremont
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.
Features of 323 Claremont
| MLS® # | 1942998 |
|---|---|
| Price | $355,000 |
| Number Of Units | 2 |
| Square Footage | 1,788 |
| Acres | 0.15 |
| Year Built | 1943 |
| Type | Multi-Family (2-8 Units) |
| Sub-Type | Two Story |
| Status | Active |
Community Information
| Address | 323 Claremont |
|---|---|
| Subdivision | Mahncke Park |
| City | San Antonio |
| County | Bexar |
| State | TX |
| Zip Code | 78209 |
Multi-Unit Information
| Gross Annual Income | $24,000 |
|---|---|
| Net Operating Income | $11,846 |
| Annual Operating Expense | $12,154 |
| Operating Expense Includes | Taxes, Insurance, Maintenance, Management |
Unit 1 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $1,100 |
| Occupied | YES |
| Includes | Oven/Stove, Refrigerator, Washer Connection, Dryer Connection |
Unit 2 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $1,025 |
| Occupied | YES |
| Includes | Oven/Stove, Refrigerator, Washer Connection, Dryer Connection |
Amenities
| Has Pool | No |
|---|
Interior
| Heating | Other |
|---|---|
| Cooling | Window/Wall |
| Has Basement | No |
Exterior
| Exterior | Stone/Rock |
|---|---|
| Roof | Composition |
School Information
| District | San Antonio I.S.D. |
|---|---|
| Elementary | Call District |
| Middle | Call District |
| High | Call District |
Additional Information
| Date Listed | February 20th, 2026 |
|---|---|
| Days on Market | 158 |
| Zoning | MF-33, NCD-6 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 3.34 |
| Gross Rent Multiplier | 14.79 |
| Estimated Taxes | $7,345 |
Listing Details
| Agent | Donna Crabtree |
|---|---|
| Office | Sophus Properties, LLC |
| Contact Info | (210) 219-3045 |