Side-by-Side Duplex with
For Sale
$429,000
19959 Fm 306, Canyon Lake, TX 78133
Multi-Family (2-8 Units), Canyon Lake, TX
Property Size3,238 SF
Lot Size0.56 Acres
Price / SF$132.49
Days on Market138
Property Features for 19959 Fm 306
General Information
Property type
Residential Multi Family
Property subtype
Other
Elementary school
Mountain Valley
Middle school
Mountain Valley
High school
Canyon Lake
Elementary school district
Comal
Middle school district
Comal
High school district
Comal
Subdivision
2607
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
Changed: Aug 19
Last Checked: Oct 21 at 11:06AM
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.
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Investment Insights
Based on property information with market context.
This side-by-side duplex contains 3,238 square feet and was built in 1996. Each residence offers three bedrooms and two bathrooms, with central air plus a refrigerator, washer, and dryer. One unit is occupied, while the other has been refreshed and is ready for occupancy. The property also provides on-site parking and sits on 0.56 acres.
Located just off Highway 306 in Canyon Lake, the duplex offers access to shopping, dining, schools, lake amenities, and commuter routes. Its position set back from the roadway adds separation from passing traffic while retaining convenient access to the surrounding area.
Located just off Highway 306 in Canyon Lake, the duplex offers access to shopping, dining, schools, lake amenities, and commuter routes. Its position set back from the roadway adds separation from passing traffic while retaining convenient access to the surrounding area.
Key Highlights
- Two‑unit duplex with 3,238 square feet on 0.56 acres
- Each unit has 3 bedrooms and 2 bathrooms
- One unit is occupied; the second has been refreshed for occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,231
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,620
$664.6K
Cap Rate 7%
$474,729
$474.7K
Cap Rate 9%
$369,233
$369.2K
Market Conditions
NOI Build-Up for 3,238 SF
Gross rent
$52.5K $16.20/SF
− Vacancy
−$5.0K −$1.54/SF
EGI
$47.5K $14.66/SF
− OpEx
−$14.2K −$4.40/SF
NOI
$33.2K $10.26/SF
Area
Comal County, TX
Vacancy
9.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,620
Cap Rate 7%
$474,729
Cap Rate 9%
$369,233
Alternative Uses
Best Use
Multifamily LT 5
$474.7K
$415.4K – $553.9K
NOI $33,231 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$412.2K
$360.6K – $480.9K
NOI $28,851 @ 7.0% cap · market cap 6.73%
Theoretical Best
Office A
$826.0K
$722.7K – $963.6K
NOI $57,817 @ 7.0% cap · market cap 13.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
42
Businesses Nearby
Explore this area
Business Placement
Demographics for 78133, TX
20,787
Population
11,208
Households
1.9
Avg Household Size
52
Median Age
33%
College-Educated
94%
High-School Grad
75.5 sq mi
ZIP Area
275
Density / Sq Mi
$80,777
Median Household Income
$45,470
Median Earnings
$1,236
Median Rent
$300,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units include central air and refrigerator, washer, and dryer appliances.
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 $429,000.
What are key features of this property?
This property features: Two‑unit duplex with 3,238 square feet on 0.56 acres; Each unit has 3 bedrooms and 2 bathrooms; One unit is occupied; the second has been refreshed for occupancy
