2022-Built Duplex with Open
For Sale
$489,900
9302 Canyon Bnd, Converse, TX 78109
Residential duplex with granite counters, high ceilings, and open yards in the Brooks at Knox Ridge Subdivision.
Property Size2,702 SF
Price / SF$181.31
Days on Market74
Property Features for 9302 Canyon Bnd
General Information
Standard status
Active
Size
2,702 SF
Property subtype
Multi-Family
Amenities
spacious kitchen
beautiful flooring
ceiling fans
patio
double vanities
walk in shower
granite counter tops
high ceilings
open yards
Building Details
Year Built
2022
Listing Agency:
Marshall Reddick Real Estate
Listed By:
E. Michelle Mendez
(210) 465-5955
Source:
Kingdomtxrealty
Added: Aug 1
Changed: Oct 10
Last Checked: Oct 13 at 1:01AM
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.
Built in 2022, this duplex offers 2,702 square feet with a three-bedroom, two-bath configuration. The interior features an open floor plan, spacious kitchen, granite countertops, high ceilings, and durable flooring throughout. Ceiling fans are installed in every room and extend to the patio. The main bedroom includes dual vanities and a walk-in shower.
The property is located at 9302 Canyon Bnd in Converse, within the Brooks at Knox Ridge Subdivision. Open yard areas and a patio add usable outdoor space to the residential layout.
The property is located at 9302 Canyon Bnd in Converse, within the Brooks at Knox Ridge Subdivision. Open yard areas and a patio add usable outdoor space to the residential layout.
Key Highlights
- 2,702‑square‑foot duplex built in 2022
- Three‑bedroom, two‑bath configuration
- Open floor plan with spacious kitchen and granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,459
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$569,180
$569.2K
Cap Rate 7%
$406,557
$406.6K
Cap Rate 9%
$316,211
$316.2K
Market Conditions
NOI Build-Up for 2,702 SF
Gross rent
$43.8K $16.20/SF
− Vacancy
−$3.1K −$1.15/SF
EGI
$40.7K $15.05/SF
− OpEx
−$12.2K −$4.51/SF
NOI
$28.5K $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%
$569,180
Cap Rate 7%
$406,557
Cap Rate 9%
$316,211
Alternative Uses
Best Use
Multifamily LT 5
$406.6K
$355.7K – $474.3K
NOI $28,459 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$353.5K
$309.3K – $412.4K
NOI $24,744 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$731.3K
$639.9K – $853.2K
NOI $51,192 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
36
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Residential duplex with granite counters, high ceilings, and open yards in the Brooks at Knox Ridge Subdivision.
Where is this duplex located?
The property is located at 9302 Canyon Bnd Converse, TX.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: 2,702‑square‑foot duplex built in 2022; Three‑bedroom, two‑bath configuration; Open floor plan with spacious kitchen and granite countertops
