Fully Leased Triplex with Attached
7314 Colina Way Converse, TX 78109
For Sale
$630,000
Three 3-bedroom, 2.5-bath units are fully leased, each with attached garages and upgraded interior finishes.
Property Size3,648 SF
Price / SF$172.70
Days on Market469
Property Features for 7314 Colina Way
General Information
- Standard status
- Active
- Size
- 3,648 SF
- Property subtype
- Multi-Family / Two Story
Building Details
- Year Built
- 2017
Listing Agency:
SaleWerx San Antonio
(210) 497-8686
Listed By:
Brad Larsen
(210) 497-8686
Source:
Compass
Added: Apr 12, 2025
Changed: Jul 23
Last Checked: Jul 23 at 5:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SaleWerx San Antonio
Investment Insights
Based on property information with market context.
Well-maintained triplex offered as a Dutch auction, with the purchase price dropping by $5,000 every two weeks until the property is sold. The property is fully leased and consists of three spacious 3-bedroom, 2.5-bath units. Interior features include stained concrete floors on the main level for low maintenance, along with tray ceilings and modern kitchens with granite countertops. Each unit also includes an attached garage.
The property is located at 7314 Colina Way in Converse, TX 78109. With all units currently leased, it presents a turnkey, income-producing residential income opportunity for buyers looking for an existing, occupied asset.
The property is located at 7314 Colina Way in Converse, TX 78109. With all units currently leased, it presents a turnkey, income-producing residential income opportunity for buyers looking for an existing, occupied asset.
Key Highlights
- Fully leased tri‑plex with three 3‑bedroom, 2.5‑bath units
- Each unit includes attached garage access
- Interior finishes include stained concrete floors, ceramic tile, and carpeting
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 | $59.1k | $16.20 |
| − Vacancy | −$4.2k | −$1.15 |
| EGI | $54.9k | $15.05 |
| − OpEx | −$16.5k | −$4.51 |
| NOI | $38.4k | $10.53 |
3,648 SF · lease $16.20/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$548.9K
$480.3K – $640.4K
NOI $38,423 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$477.2K
$417.6K – $556.8K
NOI $33,407 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$987.4K
$863.9K – $1.15M
NOI $69,115 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three 3-bedroom, 2.5-bath units are fully leased, each with attached garages and upgraded interior finishes.
Where is this triplex located?
The property is located at 7314 Colina Way Converse, TX.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Fully leased tri‑plex with three 3‑bedroom, 2.5‑bath units; Each unit includes attached garage access; Interior finishes include stained concrete floors, ceramic tile, and carpeting
