Turnkey Quadplex with
7239 Converse Ridge Ln San Antonio, TX 78239
For Sale
$779,000
MULTI_FAMILY - San Antonio, TX
Property Size4,892 SF
Lot Size0.34 Acres
Price / SF$159.24
Days on Market47
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
Listing Agency:
Keller Williams Heritage
(210) 493-3030
Listed By:
Sarah Clark
(210) 493-3030
Added: Jun 10
Changed: Jun 11
Last Checked: Jul 26 at 7:06PM
MLS# 1960644
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 turnkey quadplex offers four well-maintained residential units with functional layouts and modern finishes throughout. A practical feature for tenants is garage parking for each unit, supporting everyday convenience and helping keep the property’s day-to-day operations straightforward. The overall configuration is designed for low-maintenance ownership, with each unit laid out as a self-contained rental home.
Located at 7239 Converse Ridge Ln in San Antonio, TX 78239, the property sits in Windcrest and is described as being near Randolph Air Force Base. The offering is for sale in zoning OCL, with a lot size of 0.3387 acres and a total property size of 4,892 square feet.
For investors, this quadplex provides a four-unit structure that can be managed as a single asset. For owner-occupants, the layout supports flexibility: you can live in one unit while renting the other three to help offset monthly housing costs. The property is also noted as eligible for VA and FHA financing, which may broaden financing options for qualified buyers.
Located at 7239 Converse Ridge Ln in San Antonio, TX 78239, the property sits in Windcrest and is described as being near Randolph Air Force Base. The offering is for sale in zoning OCL, with a lot size of 0.3387 acres and a total property size of 4,892 square feet.
For investors, this quadplex provides a four-unit structure that can be managed as a single asset. For owner-occupants, the layout supports flexibility: you can live in one unit while renting the other three to help offset monthly housing costs. The property is also noted as eligible for VA and FHA financing, which may broaden financing options for qualified buyers.
Key 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.
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
NOI $56,307 @ 7.0% cap · market cap 7.23%
Second Best
Apartment 5plus
$713.9K
$624.6K – $832.9K
NOI $49,971 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,351 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four-unit income property in Windcrest with garages for every unit and modern, low-maintenance interiors.
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 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.
