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San Antonio (Converse) 1% Rule Quadplex | $499K

202 Fir Dl, Converse
ROI
18.21% IRR
Strategy
Long Term Rental
$4,320/month is the current gross rent once the last unit is leased. Three of four units are already occupied, all units are 2 bed / 2 bath, and tenants pay their own electric and water. The market can support up to $1250 per door for these units. Converse sits on the northeast side of San Antonio along the I-35 growth corridor, where occupancy rates are very strong due to proximity to both Austin and San Antonio. Perfect for an investor who wants small cash flowing multi on a main appreciation corridor. I suggest a starting offer of $470k.

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San Antonio (Converse) 1% Rule Quadplex | $499K

Listed 07/01/2026

202 Fir Dl, Converse

Purchase Price:$475,000

Cash Outlay:$128,250

Cashflow:$602/mo

Cap Rate:7.36%

IRR:18.21%

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