Turnkey Quadplex Near Randolph
7239 Converse Ridge Ln San Antonio, TX 78239
7239 Converse Ridge Ln, San Antonio, TX, 78239
$779,000
For Sale
$779,000
Modern 4-unit property built in 2020, fully leased.
Property Size4,000 SF
Price / SF$194.75
Days on Market64
Property Features for 7239 Converse Ridge Ln
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2020
Listing Agency
Keller Williams Heritage
Listed by
Leigh Neves
Source
Commercialcafe
Added: May 19 Updated: Jul 10 at 1:34 pm Checked: Jul 19 at 2:34 am
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 Keller Williams Heritage
Investment Insights
Based on property information with market context.
This turnkey quadplex is located in Windcrest, TX, near Randolph Air Force Base, in a high-demand rental corridor. Constructed in 2020, the well-maintained multifamily property consists of four units with modern finishes and functional floorplans. Each unit offers over 1,000 square feet of living space and includes garage parking. All four units are currently leased, providing immediate and stable rental income. The property is located in the rapidly growing Northeast San Antonio market, with convenient access to major highways, employment centers, shopping, and dining. The property is suitable for investors seeking a low-maintenance, income-producing asset. It also presents an opportunity for owner-occupants and house hackers, allowing buyers to live in one unit while generating income from the others. The property is eligible for VA and FHA financing. The property offers stability, income potential, and long-term upside.
Key Highlights
- Turnkey quadplex built in 2020 with immediate rental income.
- Located in a high‑demand rental corridor near Randolph Air Force Base.
- Each unit features garage parking.
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 | $69.6k | $17.40 |
| − Vacancy | −$3.8k | −$0.96 |
| EGI | $65.8k | $16.44 |
| − OpEx | −$19.7k | −$4.93 |
| NOI | $46.0k | $11.51 |
4,000 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$657.7K
$575.5K – $767.3K
NOI $46,040 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$583.7K
$510.7K – $681.0K
NOI $40,859 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$1.02M
$892.8K – $1.19M
NOI $71,423 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Modern 4-unit property built in 2020, fully leased.
Where is this quadplex located?
The property is located at 7239 Converse Ridge Ln San Antonio, TX.
What is the asking price?
The asking price for this property is $779,000.
What are key features of this property?
This property features: Turnkey quadplex built in 2020 with immediate rental income.; Located in a high‑demand rental corridor near Randolph Air Force Base.; Each unit features garage parking.
