Fully Occupied
202 FIR DL Converse, TX 78109
New
202 FIR DL, Converse, TX, 78109
$499,000
For Sale
$499,000
MULTI_FAMILY - Converse, TX
Property Size3,600 SF
Lot Size0.19 Acres
Price / SF$138.61
Days on Market1
Property Features for 202 FIR DL
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- OCL
- Standard status
- Active
- Size
- 3,600 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6964
Building Details
- Year built
- 1986
Listing agency
Real Broker, LLC
(855) 450-0442
Listed by
Michael Vasquez · License #719713
(214) 202-7615
Added: Jul 22 Checked: Jul 22 at 5:06PM
MLS# 2002207
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 fully occupied fourplex features four separate 2-bedroom, 2-bath units totaling approximately 3,600 square feet. Each unit includes a private entrance and the property offers street parking. Exterior improvements are a durable brick and siding combination intended for low-maintenance ownership. The site is 0.194 acres, and the property is listed under zoning OCL.
Located in the established Converse Hills neighborhood of Converse, the property provides convenient access to Loop 1604, I-10, and Randolph Air Force Base, with major employers, retail, dining, and everyday amenities across the San Antonio area.
The offering is available for purchase individually or as part of a 16-unit multifamily portfolio.
Located in the established Converse Hills neighborhood of Converse, the property provides convenient access to Loop 1604, I-10, and Randolph Air Force Base, with major employers, retail, dining, and everyday amenities across the San Antonio area.
The offering is available for purchase individually or as part of a 16-unit multifamily portfolio.
Key Highlights
- Fully occupied fourplex built in 1986 with four 2‑bedroom, 2‑bath units
- Total size of approximately 3,600 SF across four units
- 0.194‑acre lot with durable brick and siding exterior designed for low maintenance
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 | $58.3k | $16.20 |
| − Vacancy | −$4.2k | −$1.15 |
| EGI | $54.2k | $15.05 |
| − OpEx | −$16.3k | −$4.51 |
| NOI | $37.9k | $10.53 |
3,600 SF · lease $16.20/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$541.7K
$474.0K – $632.0K
NOI $37,917 @ 7.0% cap · market cap 7.60%
Second Best
Apartment 5plus
$471.0K
$412.1K – $549.5K
NOI $32,967 @ 7.0% cap · market cap 6.61%
Theoretical Best
Office A
$974.4K
$852.6K – $1.14M
NOI $68,205 @ 7.0% cap · market cap 13.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four 2-bedroom, 2-bath units with private entrances on a 0.194-acre lot, brick-and-siding exterior.
Where is this quadplex located?
The property is located at 202 FIR DL Converse, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Fully occupied fourplex built in 1986 with four 2‑bedroom, 2‑bath units; Total size of approximately 3,600 SF across four units; 0.194‑acre lot with durable brick and siding exterior designed for low maintenance
