A Rare Fourplex in One of San Antonio's Most Central Neighborhoods

Finding a fully updated, income-producing fourplex in a walkable historic San Antonio neighborhood — at this price — is genuinely uncommon. 215 Eleanor Ave delivers exactly that: a single-story, four-unit property in Mahncke Park (78209), listed at $595,000, with updated interiors, private outdoor spaces, and a projected gross income of $56,820 per year.

Whether you're an investor looking for a turnkey San Antonio rental or an owner-occupant who wants to live in one unit and have three pay the mortgage, this property is built for either approach.

Property at a Glance

• Address: 215 Eleanor Ave, San Antonio, TX 78209
• Price: $595,000
• Type: Single-story fourplex
• Living area: 2,790 sq ft total
• Lot: 0.3 acres
• Projected gross income: $56,820/year
• Parking: 6 covered + 4 uncovered spaces, secure gated area

Updated Interiors Across All Four Units

Every unit has been renovated — this isn't a value-add play where you inherit deferred maintenance. All four residences feature:

• Luxury vinyl plank flooring throughout
• Granite countertops
• Renovated bathrooms with modern tile finishes
• Updated appliances (stainless in Units 2 & 3; white appliances in Units 1 & 4)

The updates are consistent enough that you're not inheriting a patchwork of eras. The property photographs well, shows clean, and is positioned to attract quality tenants from day one.

Watch the full tour here: 215 Eleanor Ave

The Income Picture

Based on current occupancy and projected lease-up of the two currently vacant units, the property carries a projected gross annual income of $56,820. That breaks down to roughly $14,205 per unit per year, or approximately $1,184/unit per month at full occupancy.

Mahncke Park's proximity to Fort Sam Houston (1 mile), The Pearl (2.5 miles), and the Broadway Corridor makes it one of the stronger rental submarkets in central San Antonio — with consistent demand from medical, military, and young professional tenants.

Four separate central HVAC systems mean each unit controls its own comfort — and you're not managing a single shared system failure that affects all four tenants at once.

Private Outdoor Living — For Every Unit

This is the detail that separates 215 Eleanor from most multifamily listings at this price: every unit has its own private fenced backyard and covered patio. That's rare in a fourplex at any price point, and it's a meaningful amenity for tenants who want something closer to a single-family rental experience.

Combined with the secure gated parking area — six covered spaces and four uncovered — the property offers the kind of everyday practicality that keeps tenants renewing leases.

The Location: Mahncke Park, 78209

Mahncke Park sits immediately north of Brackenridge Park along the Broadway Corridor — walkable, culturally rich, and increasingly in demand. A few reference points:

• 1 mile to Fort Sam Houston
• 1.1 miles to the San Antonio Botanical Garden
• 2.5 miles to The Pearl
• 4 miles to Downtown and the River Walk
• 2 miles to Highway 281

Neighborhood walkables include Bakery Lorraine, Merit Coffee, Pullman Market, Cured, Best Quality Daughter, Brasserie Mon Chou Chou, and Local Coffee — plus Brackenridge Park, the San Antonio Zoo, the Witte Museum, and The DoSeum all within easy reach.

The 78209 zip code carries the Alamo Heights ISD footprint, adding another layer of appeal for tenants with families.

Who This Property Is For

Investors who want a stabilized, move-in-ready fourplex in a neighborhood with strong rental demand and a walkable location that doesn't require a management overhaul.

Owner-occupants who want to live in one unit, offset their housing costs with three rental incomes, and build equity in one of San Antonio's most established central neighborhoods.

Interested in running the numbers on 215 Eleanor, or seeing it in person? Schedule a call with Caroline or Susanne — we'll walk you through the income analysis and what comparable fourplexes are trading at right now in this market.

About Caroline Decherd & Susanne Marco
Caroline Decherd and Susanne Marco are luxury real estate specialists serving Alamo Heights, Terrell Hills, Olmos Park, and San Antonio's historic central neighborhoods. With deep roots in the community and decades of combined experience, they guide buyers and sellers through one of Texas's most distinctive luxury markets.