Side-by-Side Duplex Income
19959 Fm 306 Canyon Lake, TX 78133
19959 Fm 306, Canyon Lake, TX, 78133
$460,000
For Sale
$460,000
MULTI_FAMILY - Canyon Lake, TX
Property Size3,238 SF
Lot Size0.56 Acres
Price / SF$142.06
Days on Market47
Property Features for 19959 Fm 306
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 3,238 SF
- Lot size
- 0.56 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7542
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1996
Listing agency
Premier Town & Country Realty
(210) 315-5583
Listed by
Lauren Alff
(210) 685-4343
Added: Jun 6 Checked: Jul 22 at 1:06AM
MLS# 1973394
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 side-by-side duplex is built for residential income, with each unit offering 3 bedrooms and 2 bathrooms. The units are equipped with in-unit refrigerator, washer, and dryer. One side is currently occupied, while the second unit has recently been refreshed and is ready for occupancy.
The property is located just off FM 306 in Canyon Lake, with convenient access to shopping, dining, Canyon Lake amenities, schools, and major commuter routes. It is set back from the roadway, providing added privacy, and includes ample on-site parking.
For investors and owner-occupants alike, the layout supports straightforward duplex living while keeping an income component in place through the currently occupied unit. With the refreshed unit available for occupancy, buyers can plan either continued rental operations for both sides or a house-hacking approach using one unit while the other remains income-producing. A buyer credit toward closing costs is available with an acceptable offer when using the seller’s preferred lender.
The property is located just off FM 306 in Canyon Lake, with convenient access to shopping, dining, Canyon Lake amenities, schools, and major commuter routes. It is set back from the roadway, providing added privacy, and includes ample on-site parking.
For investors and owner-occupants alike, the layout supports straightforward duplex living while keeping an income component in place through the currently occupied unit. With the refreshed unit available for occupancy, buyers can plan either continued rental operations for both sides or a house-hacking approach using one unit while the other remains income-producing. A buyer credit toward closing costs is available with an acceptable offer when using the seller’s preferred lender.
Key Highlights
- Side‑by‑side duplex built in 1996 with central air conditioning
- Each unit offers 3 bedrooms and 2 bathrooms
- Each unit includes a refrigerator, washer, and dryer
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 | $52.5k | $16.20 |
| − Vacancy | −$5.0k | −$1.54 |
| EGI | $47.5k | $14.66 |
| − OpEx | −$14.2k | −$4.40 |
| NOI | $33.2k | $10.26 |
3,238 SF · lease $16.20/SF/yr · vacancy 9.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$474.7K
$415.4K – $553.9K
NOI $33,231 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$412.2K
$360.6K – $480.9K
NOI $28,851 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$826.0K
$722.7K – $963.6K
NOI $57,817 @ 7.0% cap · market cap 12.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two refreshed 3-bedroom units offer current rental income with a second unit ready for occupancy.
Where is this duplex located?
The property is located at 19959 Fm 306 Canyon Lake, TX.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Side‑by‑side duplex built in 1996 with central air conditioning; Each unit offers 3 bedrooms and 2 bathrooms; Each unit includes a refrigerator, washer, and dryer
