Quadplex with Newer
For Sale
$525,000
810 Station St, Converse, TX 78109
Four-unit residential property with fireplaces, porches, and a mix of carpet and tile finishes.
Property Size4,352 SF
Price / SF$120.63
Days on Market55
Property Features for 810 Station St
General Information
Standard status
Active
Size
4,352 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Amenities
fireplaces
porches
Building Details
Year Built
1985
Listing Agency:
Premier Realty Group Platinum
Listed By:
Raul Vergara
(210) 641-1400
Source:
Sarahildebrandaguilera
Added: Aug 22
Changed: Sep 10
Last Checked: Oct 7 at 2:40PM
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 Premier Realty Group Platinum
Investment Insights
Based on property information with market context.
This four-unit residential property contains 4,352 square feet and was built in 1985. Interior features include fireplaces, private porches, and a combination of carpet and tile flooring. Three units have newer HVAC systems, and three leases currently extend through 2026.
The property is located at 810 Station St in Converse, Texas, within the 78109 ZIP code. Its four-unit configuration, existing lease commitments, and documented building features provide a clear basis for evaluating the asset as a residential income property.
The property is located at 810 Station St in Converse, Texas, within the 78109 ZIP code. Its four-unit configuration, existing lease commitments, and documented building features provide a clear basis for evaluating the asset as a residential income property.
Key Highlights
- Four‑unit property totaling 4,352 square feet
- Built in 1985
- Three current leases extend through 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,838
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$916,760
$916.8K
Cap Rate 7%
$654,829
$654.8K
Cap Rate 9%
$509,311
$509.3K
Market Conditions
NOI Build-Up for 4,352 SF
Gross rent
$70.5K $16.20/SF
− Vacancy
−$5.0K −$1.15/SF
EGI
$65.5K $15.05/SF
− OpEx
−$19.6K −$4.51/SF
NOI
$45.8K $10.53/SF
Area
Bexar County, TX
Vacancy
7.12%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$916,760
Cap Rate 7%
$654,829
Cap Rate 9%
$509,311
Alternative Uses
Best Use
Multifamily LT 5
$654.8K
$573.0K – $764.0K
NOI $45,838 @ 7.0% cap · market cap 8.73%
Second Best
Apartment 5plus
$569.3K
$498.2K – $664.2K
NOI $39,853 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,453 @ 7.0% cap · market cap 15.71%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
Explore this area
Business Placement
Demographics for 78109, TX
52,093
Population
19,279
Households
2.7
Avg Household Size
33
Median Age
31%
College-Educated
92%
High-School Grad
27.8 sq mi
ZIP Area
1,874
Density / Sq Mi
$87,635
Median Household Income
$44,182
Median Earnings
$1,645
Median Rent
$241,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential property with fireplaces, porches, and a mix of carpet and tile finishes.
Where is this quadplex located?
The property is located at 810 Station St Converse, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Four‑unit property totaling 4,352 square feet; Built in 1985; Three current leases extend through 2026
