Duplex with Open Patio
9220 Canyon Bend Converse, TX 78109
For Sale
$495,000
Duplex featuring an open floor plan, granite countertops, and ceiling fans throughout, plus a patio and open yard space.
Property Size2,702 SF
Price / SF$183.20
Days on Market83
Property Features for 9220 Canyon Bend
General Information
- Standard status
- Active
- Size
- 2,702 SF
- Property subtype
- Multi-Family / One Story
Building Details
- Year Built
- 2022
Listing Agency:
Marshall Reddick Real Estate
(210) 465-5955
Listed By:
E. Michelle Mendez
(210) 465-5955
Source:
Compass
Added: May 3
Changed: Jul 23
Last Checked: Jul 23 at 9:44AM
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 Marshall Reddick Real Estate
Investment Insights
Based on property information with market context.
This duplex offers a spacious, open layout with a kitchen designed for everyday flow and entertaining. Interior finishes include beautiful flooring throughout, high ceilings, and ceiling fans in every room. The home also features granite countertops and an open floor plan. The main bedroom includes double vanities and a walk-in shower, and the property extends to a patio and open yard area.
Located in the Brooks at Knox Ridge Subdivision, the duplex at 9220 Canyon Bend, Converse, TX 78109 provides a residential income property option for buyers seeking this specific configuration.
With three bedrooms and two bathrooms, the unit design emphasizes usable interior living space and outdoor areas for day-to-day enjoyment.
Located in the Brooks at Knox Ridge Subdivision, the duplex at 9220 Canyon Bend, Converse, TX 78109 provides a residential income property option for buyers seeking this specific configuration.
With three bedrooms and two bathrooms, the unit design emphasizes usable interior living space and outdoor areas for day-to-day enjoyment.
Key Highlights
- Newer 2022‑built 3 bed, 2 bath duplex in the Brooks at Knox Ridge subdivision
- Open floor plan with granite countertops and high ceilings
- Stained concrete flooring throughout
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 5.75%
Second Best
Apartment 5plus
$353.5K
$309.3K – $412.4K
NOI $24,744 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$731.3K
$639.9K – $853.2K
NOI $51,192 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex featuring an open floor plan, granite countertops, and ceiling fans throughout, plus a patio and open yard space.
Where is this duplex located?
The property is located at 9220 Canyon Bend Converse, TX.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Newer 2022‑built 3 bed, 2 bath duplex in the Brooks at Knox Ridge subdivision; Open floor plan with granite countertops and high ceilings; Stained concrete flooring throughout
