Duplex with Fenced
8703 & 8705 Pensive, Converse, TX 78109
For Sale
$395,500
Multi-Family (2-8 Units), Converse, TX
Property Size2,684 SF
Lot Size0.21 Acres
Price / SF$147.35
Days on Market184
Property Features for 8703 & 8705 Pensive
General Information
Property type
Property subtype
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Subdivision
Standard status
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Building Details
Year built
Listing Agency:
Clark Realty & Associates,LLC
Listed By:
Janine Moore
(210) 655-5355
Added: May 8
Changed: Oct 23
Last Checked: Nov 7 at 1:06PM
MLS# 1964873
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.
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Investment Insights
Based on property information with market context.
Built in 2017, this duplex contains two matching residences totaling 2,684 square feet. Each side has three bedrooms, two and a half bathrooms, an open floor plan, high ceilings, and spacious bedrooms. Granite countertops and ceiling fans are included in both units, along with a private fenced yard. Utilities are separately metered for each residence.
The property occupies a 0.21-acre lot in Converse, Texas, near major highways and shopping centers.
The property occupies a 0.21-acre lot in Converse, Texas, near major highways and shopping centers.
Key Highlights
- Two matching units, each with 3 bedrooms and 2.5 bathrooms
- 2,684‑square‑foot duplex built in 2017
- Utilities separately metered for each side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,269
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,380
$565.4K
Cap Rate 7%
$403,843
$403.8K
Cap Rate 9%
$314,100
$314.1K
Market Conditions
NOI Build-Up for 2,684 SF
Gross rent
$43.5K $16.20/SF
− Vacancy
−$3.1K −$1.15/SF
EGI
$40.4K $15.05/SF
− OpEx
−$12.1K −$4.51/SF
NOI
$28.3K $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%
$565,380
Cap Rate 7%
$403,843
Cap Rate 9%
$314,100
Alternative Uses
Best Use
Multifamily LT 5
$403.8K
$353.4K – $471.2K
NOI $28,269 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$351.1K
$307.2K – $409.7K
NOI $24,579 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$726.4K
$635.6K – $847.5K
NOI $50,851 @ 7.0% cap · market cap 12.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
408
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
$241,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Bexar County, TX
Properties on Market for Duplexes in Bexar County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered residences each include a three-bedroom layout and a private outdoor yard.
Where is this duplex located?
The property is located at 8703 & 8705 Pensive Converse, TX.
What is the asking price?
The asking price for this property is $395,500.
What are key features of this property?
This property features: Two matching units, each with 3 bedrooms and 2.5 bathrooms; 2,684‑square‑foot duplex built in 2017; Utilities separately metered for each side
