Updated Three-Bedroom
For Sale
$475,000
7356 Misty Ridge # 13 & 14, Converse, TX 78109
Two vacant residences offer open living areas, granite kitchens, second-floor laundry hookups, and manageable yard space.
Property Size2,522 SF
Price / SF$188.34
Days on Market74
Property Features for 7356 Misty Ridge # 13 & 14
General Information
Standard status
Active
Size
2,522 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Building Details
Year Built
2023
Buildings
1
Listing Agency:
San Antonio Elite Realty
Listed By:
Jeff Smith · License #0430382
(210) 710-5326
Source:
Kingdomtxrealty
Added: Jul 26
Changed: Sep 12
Last Checked: Oct 5 at 10:54PM
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 San Antonio Elite Realty
Investment Insights
Based on property information with market context.
Built in 2023, this duplex contains two residences totaling 2,522 square feet. Each unit offers three bedrooms, two-and-a-half bathrooms, an open kitchen connected to the living and dining areas, and a second-floor utility room with hookups for stackable laundry equipment. Granite countertops, vinyl tile in the main living spaces, and carpeted bedrooms are included throughout the units, along with sizable bedroom closets. Both residences are currently vacant, providing flexibility for leasing, viewing, or owner occupancy.
The property is positioned at the corner of Kitty Hawk and Misty Ridge in Converse, approximately 10 minutes from Randolph AFB. The address includes units #13 and #14, with compact yard areas that require limited upkeep.
The property is positioned at the corner of Kitty Hawk and Misty Ridge in Converse, approximately 10 minutes from Randolph AFB. The address includes units #13 and #14, with compact yard areas that require limited upkeep.
Key Highlights
- Two‑unit duplex totaling 2,522 square feet
- Built in 2023 with both residences currently vacant
- Each unit includes 3 bedrooms and 2.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,563
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$531,260
$531.3K
Cap Rate 7%
$379,471
$379.5K
Cap Rate 9%
$295,144
$295.1K
Market Conditions
NOI Build-Up for 2,522 SF
Gross rent
$40.9K $16.20/SF
− Vacancy
−$2.9K −$1.15/SF
EGI
$37.9K $15.05/SF
− OpEx
−$11.4K −$4.51/SF
NOI
$26.6K $10.53/SF
Area
Bexar County, TX
Vacancy
7.12%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$531,260
Cap Rate 7%
$379,471
Cap Rate 9%
$295,144
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 authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
206
Businesses Nearby
Explore this area
Business Placement
Demographics for 78109, TX
52,093
Population
19,279
Households
2.7
Avg Household Size
33
Median Age
31%
College-Educated
92%
High-School Grad
27.8 sq mi
ZIP Area
1,874
Density / Sq Mi
$87,635
Median Household Income
$44,182
Median Earnings
$1,645
Median Rent
$241,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant residences offer open living areas, granite kitchens, second-floor laundry hookups, and manageable yard space.
Where is this duplex located?
The property is located at 7356 Misty Ridge # 13 & 14 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: Two‑unit duplex totaling 2,522 square feet; Built in 2023 with both residences currently vacant; Each unit includes 3 bedrooms and 2.5 bathrooms
