Converse Duplex: Investor
8703 & 8705 Pensive Converse, TX 78109
8703 & 8705 Pensive, Converse, TX, 78109
$425,000
For Sale
$425,000
MULTI_FAMILY - Converse, TX
Property Size2,684 SF
Lot Size0.21 Acres
Price / SF$158.35
Days on Market76
Property Features for 8703 & 8705 Pensive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 2,684 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9182
Building Details
- Year built
- 2017
Listing agency
Clark Realty & Associates,LLC
(210) 655-5355
Listed by
Janine Moore
(210) 655-5355
Added: May 8 Checked: Jul 22 at 5:06AM
MLS# 1964873
Copyright © 2026 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex presents an opportunity for investors and owner-occupants. The property, located in Converse, TX, features two identical units. Each unit includes 3 bedrooms and 2.5 bathrooms. The units have an open floor plan, high ceilings, spacious bedrooms, granite countertops, ceiling fans, and private fenced yards. The property is situated on a 0.21-acre lot. The total building size is 2684 square feet. Utilities are separately metered for each side of the duplex. The property is conveniently located near major highways and shopping centers in Bexar County.
Key Highlights
- Duplex: Ideal for investors or owner‑occupants seeking rental income.
- Two identical units: Each with 3 bedrooms and 2.5 bathrooms.
- Open floor plan and high ceilings: Creates a spacious living environment.
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 | $43.5k | $16.20 |
| − Vacancy | −$3.1k | −$1.15 |
| EGI | $40.4k | $15.05 |
| − OpEx | −$12.1k | −$4.51 |
| NOI | $28.3k | $10.53 |
2,684 SF · lease $16.20/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$403.8K
$353.4K – $471.2K
NOI $28,269 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$351.1K
$307.2K – $409.7K
NOI $24,579 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$726.4K
$635.6K – $847.5K
NOI $50,851 @ 7.0% cap · market cap 11.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex with 3 beds, 2.5 baths per unit. Fenced yards.
Where is this duplex located?
The property is located at 8703 & 8705 Pensive Converse, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Duplex: Ideal for investors or owner‑occupants seeking rental income.; Two identical units: Each with 3 bedrooms and 2.5 bathrooms.; Open floor plan and high ceilings: Creates a spacious living environment.
