Fourplex Residential Income
7311 Colina Way Converse, TX 78109
For Sale
$750,000
Fully occupied fourplex featuring private fenced yards and 3-bedroom, 2.5-bath units.
Property Size4,860 SF
Price / SF$154.32
Days on Market130
Property Features for 7311 Colina Way
General Information
- Standard status
- Active
- Size
- 4,860 SF
- Property subtype
- Multi-Family / Two Story
Building Details
- Year Built
- 2018
Listing Agency:
Jacob David Properties
(210) 440-1219
Listed By:
Jacob Buchanan
(210) 440-1219
Source:
Compass
Added: Mar 17
Changed: Jul 23
Last Checked: Jul 23 at 4:53PM
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 Jacob David Properties
Investment Insights
Based on property information with market context.
This fully occupied fourplex offers four residential units, each with 3 bedrooms and 2.5 bathrooms. The property is described as well maintained by the owner and includes a private fenced-in yard, a 1-car garage, and driveway parking for each unit. Kitchens are furnished with an electric refrigerator, oven, microwave, dishwasher, and disposal.
The property is located in Converse, near Randolph Air Force Base, shops, and restaurants, providing convenient access to nearby retail and dining options.
Each unit is over 1,200 square feet and includes the same core kitchen appliance package, supporting comfortable everyday functionality for residents.
The property is located in Converse, near Randolph Air Force Base, shops, and restaurants, providing convenient access to nearby retail and dining options.
Each unit is over 1,200 square feet and includes the same core kitchen appliance package, supporting comfortable everyday functionality for residents.
Key Highlights
- Fully occupied 4‑plex built in 2018 in Converse
- Each unit offers 3 bedrooms and 2.5 bathrooms, with over 1,200 sq ft per unit
- Private fenced‑in yards included with each unit
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 | $78.7k | $16.20 |
| − Vacancy | −$5.6k | −$1.15 |
| EGI | $73.1k | $15.05 |
| − OpEx | −$21.9k | −$4.51 |
| NOI | $51.2k | $10.53 |
4,860 SF · lease $16.20/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$731.3K
$639.9K – $853.1K
NOI $51,188 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$635.8K
$556.3K – $741.8K
NOI $44,505 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$1.32M
$1.15M – $1.53M
NOI $92,077 @ 7.0% cap · market cap 12.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Fully occupied fourplex featuring private fenced yards and 3-bedroom, 2.5-bath units.
Where is this quadplex located?
The property is located at 7311 Colina Way Converse, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Fully occupied 4‑plex built in 2018 in Converse; Each unit offers 3 bedrooms and 2.5 bathrooms, with over 1,200 sq ft per unit; Private fenced‑in yards included with each unit
