Income-Producing Duplex in Growing
9216 Canyon Bend, Converse, TX 78109
Fully leased duplex with income potential and flexible living options.
Type:Multi-Family / One Story
Property size:
2,702 SFPrice / SF:
$188/SF- Added:
- Mar 20, 2026
- Days on Market:
- 74
- Last Refresh:
- Mar 21 at 8:18 pm
Property Features for 9216 Canyon Bend
General Information
- Standard status
- Active
- Size
- 2,702 SF
- Property subtype
- Multi-Family / One Story
Building Details
- Year Built
- 2022
Listing agent Bill Huff
Listing office AXEN Realty (888) 519-7431
Listing date Mar 20, 2026
Source Compass
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 AXEN Realty
HighLights
- Fully leased duplex providing immediate rental income from two separate units.
- Functional open floor plan in each unit with 3 bedrooms, 2 full bathrooms, 2‑car garage, and private covered patio.
- Located in the growing community of Converse, TX, with convenient access to Loop 1604 and I‑10.
- Flexible living options for investors or future owner‑occupants to live in one unit and rent the other.
- Low‑maintenance construction built in 2022 with vinyl flooring, composition roof, and slab foundation.
- Strong rental demand in a growing market supported by nearby shopping, dining, schools, and everyday conveniences.
Overview
Located in Converse, Texas, this duplex at 9216 Canyon Bend presents an investment opportunity with rental income and long-term appreciation potential. The property features two units, each offering 1351 sq ft of living space. Each unit includes an open floor plan, a living area, a kitchen, 3 bedrooms, and 2 full bathrooms. Each unit also has a 2-car garage, a private covered patio, and a backyard. Both units are currently leased, providing immediate rental income. The property is suitable for investors seeking a stabilized asset. The layout also supports multigenerational living, offering privacy. The location provides access to Loop 1604 and I-10, with convenient commuting to San Antonio and major employment centers. The surrounding area offers shopping, dining, schools, and everyday conveniences, supporting rental demand and long-term property value. The property offers financial performance and lifestyle flexibility.
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 | $43.8k | $16.20 |
| − Vacancy | −$3.1k | −$1.15 |
| EGI | $40.7k | $15.05 |
| − OpEx | −$12.2k | −$4.51 |
| NOI | $28.5k | $10.53 |
2,702 SF · lease $16.20/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$406.6K
$355.7K – $474.3K
NOI $28,459 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$353.5K
$309.3K – $412.4K
NOI $24,744 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$731.3K
$639.9K – $853.2K
NOI $51,192 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Converse
- County
- Bexar
- State
- Texas
- Longitude
- -98.277
- Latitude
- 29.5102
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Fully leased duplex with income potential and flexible living options.
Where is this duplex located?
The property is located at 9216 Canyon Bend Converse, TX.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Fully leased duplex providing immediate rental income from two separate units.; Functional open floor plan in each unit with **3 bedrooms, 2 full bathrooms, 2‑car garage, and private covered patio.**; Located in the growing community of Converse, TX, with convenient access to Loop 1604 and I‑10.
