MAHNCKE PARK · SAN ANTONIO, TEXAS
421 Eleanor Ave
Two established residences, current rental income, and an owner-occupant path in one character-filled Mahncke Park property.
THE PROPERTY · MAHNCKE PARK · SAN ANTONIO, TX
Live in one. Let the second residence keep working.
421 Eleanor is already configured as two private one-bedroom, one-bath residences under one address. Both units are currently reported at $1,400 per month, creating $2,800 in scheduled monthly gross rent while preserving flexibility for the next owner. An owner-occupant can explore living in one residence while keeping the other as a separate rental; an investor inherits an established two-unit configuration in Mahncke Park. High ceilings, original wood floors, stucco construction, architectural arches and the private entry court keep the 1936 character intact, while the oversized lot and MF-33 NCD-6 zoning create additional long-term possibilities subject to permitting and independent verification.
For VA-eligible buyers who intend to occupy the property, a two-unit purchase can potentially pair owner occupancy with rental income from the second residence. VA eligibility, zero-down availability, occupancy requirements, appraisal, property standards and the amount of rental income a lender may use are all subject to VA and lender approval.
Property & income snapshot
Two residences. Current income. One Mahncke Park address.
- Price
- $429,900
- Units
- 2
- Unit mix
- Two 1 bed / 1 bath residences
- Current reported rent
- $1,400 / unit
- Scheduled gross rent
- $2,800 / month · $33,600 / year
- Annual taxes
- $9,518 (2025)
- Living area
- 1,324 sq ft
- Lot
- 8,755 sq ft · 0.201 acres
- Year built
- 1936
- Zoning
- MF-33 NCD-6
- HOA
- None
- MLS
- 2008142
Income & Unit Setup
- Two 1-bedroom / 1-bath residences
- Current reported rent: $1,400 per unit
- Scheduled gross rent: $2,800 per month
- Scheduled gross rent: $33,600 per year
- Separate living spaces
- Stacked washer/dryer setup in each unit
Architecture & Site
- 1936 Spanish Revival character
- Stucco exterior
- Wood and ceramic tile flooring
- High ceilings and architectural arches
- Private entry court
- Double-pane windows
- Mature trees
- 8,755 sq ft lot
- MF-33 NCD-6 zoning
- No HOA
Mahncke Park Location
- Near Fort Sam Houston
- Near San Antonio Botanical Garden
- Near the Witte Museum
- Near Brackenridge Park
- Convenient to the Pearl and Broadway corridor
School Information
- Elementary School: Lamar
- Middle School: Hawthorne Academy
- High School: Edison
- District: San Antonio I.S.D.
Mahncke Park · SAN ANTONIO
Mahncke Park keeps San Antonio landmarks close.
The property sits near Fort Sam Houston and the Broadway cultural corridor, with Brackenridge Park, the Witte Museum, the San Antonio Botanical Garden and the Pearl all part of the surrounding lifestyle.
