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    Turnkey Quadplex Near Randolph AFB Title is generated by Realmo AI

    7239 Converse Ridge Ln, San Antonio, TX 78239

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    Claim this Listing
    For Sale
    $930,000

    MULTI_FAMILY - San Antonio, TX

    Property size:
    4,892 SF
    Lot size:
    0.34 Acres
    Price / SF:
    $190/SF
    Added:
    Apr 23, 2026
    Days on Market:
    50
    Last Refresh:
    Jun 11 at 3:06 am

    Property Features for 7239 Converse Ridge Ln

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    OCL
    Standard status
    Active
    Size
    4,892 SF
    Lot size
    0.34 Acres

    Taxes and HOA fees

    Tax Annual Amount
    15155

    Building Details

    Year built
    2020

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    Listing Contact
    Sarah Clark

    Listing agent Sarah Clark

    Listing office Keller Williams Heritage 1717 N. Loop 1604 E, San Antonio, TX

    Listing date Apr 23, 2026

    MLS# 1960644 Listing URL

    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.

    HighLights

    • Turnkey quadplex in high‑demand rental corridor near Randolph Air Force Base, ensuring consistent tenant demand.
    • Each unit includes garage parking, enhancing tenant convenience.
    • Strong in‑place rents, low operating expenses provide immediate rental income.
    • Eligible for VA and FHA financing, offering low down payment options.
    • Modern finishes and functional layouts in each unit create a low‑maintenance property.
    • Conveniently located near major highways, employment centers, shopping, and dining.

    Overview

    This turnkey quadplex is located in Windcrest, TX, near Randolph Air Force Base, in a high-demand rental corridor. The well-maintained multifamily property features 4 units and garage parking for each unit. Each unit offers modern finishes and functional layouts. The property is a low-maintenance, income-producing property with immediate rental income. It is ideal for investors seeking a solid multifamily asset in the San Antonio market, offering strong in-place rents, low operating expenses, and reliable occupancy. The property is conveniently located near major highways, employment centers, shopping, and dining. The cash-flowing quadplex near Randolph AFB provides both stability and future upside in a rapidly growing area. Situated on a lot of 0.3387 acres, the property has a size of 4892 square feet. This property also presents an excellent opportunity for owner-occupants and house hackers, allowing buyers to live in one unit while renting the others to offset monthly expenses and build long-term wealth. Eligible for VA and FHA financing, this is a rare opportunity to acquire a 4-unit property with low down payment options. This versatile asset offers flexibility, strong income potential, and long-term appreciation.

    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 $85.1k $17.40
    − Vacancy −$4.7k −$0.96
    EGI $80.4k $16.44
    − OpEx −$24.1k −$4.93
    NOI $56.3k $11.51
    4,892 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $804.4K
    $703.8K – $938.5K (±1% cap)
    NOI $56,307 @ 7.0% cap · market cap 6.05%
    Second Best
    Apartment 5plus
    $713.9K
    $624.6K – $832.9K (±1% cap)
    NOI $49,971 @ 7.0% cap · market cap 5.37%
    Theoretical Best
    Office A
    $1.25M
    $1.09M – $1.46M (±1% cap)
    NOI $87,351 @ 7.0% cap · market cap 9.39%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Comal
    State
    Texas
    Longitude
    -98.346756
    Latitude
    29.525579

    FAQs

    What type of property is this?
    Quadplex - Well-maintained 4-unit property with garage parking and modern finishes.
    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 $930,000.
    What are key features of this property?
    This property features: Turnkey quadplex in high‑demand rental corridor near Randolph Air Force Base, ensuring consistent tenant demand.; Each unit includes garage parking, enhancing tenant convenience.; Strong in‑place rents, low operating expenses provide immediate rental income.
    More about this property
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