Almost New Duplex with Two Vacant
7536 Misty Ridge Road, Converse, TX 78109
MULTI_FAMILY - Converse, TX
Property size:
2,522 SFLot size:
0.10 AcresPrice / SF:
$188/SF- Added:
- Feb 11, 2026
- Days on Market:
- 146
- Last Refresh:
- Jul 7 at 9:06 am
Property Features for 7536 Misty Ridge Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Rooms
- Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 2
- Parking features
- Garage
- Interior features
- CeilingFans, TubShower, Vanity, WalkInClosets, BreakfastBar, EatInKitchen, KitchenFamilyRoomCombo, Pantry, SolidSurfaceCounters
- Fencing
- Privacy
- Appliances
- Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, Oven, SomeElectricAppliances, Microwave
- Standard status
- Active
- APN
- 05052-924-0050
- Size
- 2,522 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Cb 5052S ( Misty Ridge Duplex), Block 4 Lot Pt Of 4 \\Arb Un
- Tax Annual Amount
- 6806
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 2023
- Floors in Building
- 2
- Number of units
- 1
- Flooring type
- Carpet, Vinyl
- Building materials
- VerticalSiding
Listing agent Jeff Smith License #0430382 (210) 710-5326
Listing office San Antonio Elite Realty 12042 Blanco Rd Ste 102, TX (210) 455-8099
Listing date Feb 11, 2026
MLS# 604279
Listing URL
Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Almost‑new duplex built in 2023 with both units vacant and ready for leasing or owner occupancy.
- Each unit offers 3 bedrooms and 2.5 bathrooms with open kitchen to living and eating areas.
- Kitchens include granite counter tops and solid‑surface counters, plus breakfast bar, pantry, and eat‑in kitchen layout.
- Second‑floor utility room includes hookups for stackable units.
- Vinyl flooring in living and eating areas and carpet in bedrooms.
- Single‑car garage parking, privacy fencing, and public water with public sewer.
Overview
This almost-new duplex offers two units that were completely redone by the seller after the prior tenants moved out. Both units are currently vacant, with an arrangement discussed to lease one unit while keeping the other available for viewing, including potential owner occupancy. Each side is configured with 3 bedrooms and 2.5 baths, plus a utility room setup that includes hookups for stackable units on the second floor. Interior finishes include vinyl tile in the living and eating areas and carpet in the bedrooms. Bedrooms are described as generously sized, with big walk-in closets or larger closet styles. Kitchens are open to the living and eating areas, creating a layout suited to entertaining. The property also includes a small yard designed to be manageable while still providing outdoor space.
The duplex is located at the corner of Kitty Hawk and Misty Ridge in Converse, Texas, and is described as about 10 minutes to Randolph AFB.
For tenants or owner-occupants seeking a renovated, turnkey-style duplex, the three-bedroom, 2.5-bath layout and second-floor stackable-unit hookups can support a comfortable, low-hassle move-in experience. Buyers looking for rental flexibility may also find the current vacancy status practical for launching leasing or moving into one unit while leasing the other, subject to an approved viewing arrangement.
The duplex is located at the corner of Kitty Hawk and Misty Ridge in Converse, Texas, and is described as about 10 minutes to Randolph AFB.
For tenants or owner-occupants seeking a renovated, turnkey-style duplex, the three-bedroom, 2.5-bath layout and second-floor stackable-unit hookups can support a comfortable, low-hassle move-in experience. Buyers looking for rental flexibility may also find the current vacancy status practical for launching leasing or moving into one unit while leasing the other, subject to an approved viewing arrangement.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.9k | $16.20 |
| − Vacancy | −$2.9k | −$1.15 |
| EGI | $37.9k | $15.05 |
| − OpEx | −$11.4k | −$4.51 |
| NOI | $26.6k | $10.53 |
2,522 SF · lease $16.20/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$379.5K
$332.0K – $442.7K
NOI $26,563 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$329.9K
$288.7K – $384.9K
NOI $23,095 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$682.6K
$597.3K – $796.4K
NOI $47,782 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Map
- City
- Converse
- County
- Bexar
- State
- Texas
- Longitude
- -98.277
- Latitude
- 29.5102
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Recently refreshed duplex with two vacant units, each featuring granite counters and three bedrooms for flexible living or rental plans.
Where is this duplex located?
The property is located at 7536 Misty Ridge Road Converse, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Almost‑new duplex built in 2023 with both units vacant and ready for leasing or owner occupancy.; Each unit offers 3 bedrooms and 2.5 bathrooms with open kitchen to living and eating areas.; Kitchens include granite counter tops and solid‑surface counters, plus breakfast bar, pantry, and eat‑in kitchen layout.
