3-Bedroom 2-Bath Duplex
9224 Canyon Bend Converse, TX 78109
9224 Canyon Bend, Converse, TX, 78109
$495,000
For Sale
$495,000
Duplex offers an open layout with spacious kitchen, granite countertops, ceiling fans throughout, and a patio.
Property Size2,702 SF
Price / SF$183.20
Days on Market80
Property Features for 9224 Canyon Bend
General Information
- Standard status
- Active
- Size
- 2,702 SF
- Property subtype
- Multi-Family / One Story
Building Details
- Year Built
- 2021
Listing agency
Marshall Reddick Real Estate
(210) 465-5955
Listed by
E. Michelle Mendez
(210) 465-5955
Source
Compass
Added: May 3 Updated: Jul 20 at 8:22PM Checked: Jul 21 at 6:57AM
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 for-sale duplex features three bedrooms and two bathrooms with an open floor plan. The interior includes a spacious kitchen with granite countertops, attractive flooring throughout, and ceiling fans in every room. High ceilings add to the overall openness of the home, and the primary bedroom includes double vanities and a walk-in shower.
Outside, the property includes a patio and open yards, offering outdoor space to enjoy.
Located in the Brooks at Knox Ridge Subdivision in Converse, TX, this duplex is offered at a price of $495,000.
Outside, the property includes a patio and open yards, offering outdoor space to enjoy.
Located in the Brooks at Knox Ridge Subdivision in Converse, TX, this duplex is offered at a price of $495,000.
Key Highlights
- 3 bed / 2 bath duplex built in 2021 in the Brooks at Knox Ridge subdivision
- Open floor plan with a spacious kitchen and granite countertops
- Stained concrete flooring throughout and ceiling fans in every room (including the patio)
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 5.75%
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
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FAQs
What type of property is this?
Duplex - Duplex offers an open layout with spacious kitchen, granite countertops, ceiling fans throughout, and a patio.
Where is this duplex located?
The property is located at 9224 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: 3 bed / 2 bath duplex built in 2021 in the Brooks at Knox Ridge subdivision; Open floor plan with a spacious kitchen and granite countertops; Stained concrete flooring throughout and ceiling fans in every room (including the patio)
