About 289 Chaparral Dr
Located in the gated Enchanted River Estates near the heart of Bandera, this duplex-style property at 289 Chaparral offers an exceptional investment opportunity with stunning Hill Country views. Nestled between the Medina River and a nearby creek, the property features two units, each offering 2 bedrooms and 1 bathroom, for a total of 1,344 square feet. Both sides rent for $1,175 per month, providing a total potential income of $2,350, with one side already rented and the other ready for occupancy. High ceilings and beautiful laminate flooring enhance the interior appeal, while a durable metal roof adds long-term stability and peace of mind. The strong rental market in the area, along with Airbnb potential, makes this an ideal opportunity for investors or owner-occupants looking to live in one unit while renting the other-all within a scenic, gated community close to Bandera amenities.
Features of 289 Chaparral Dr
| MLS® # | 1940929 |
|---|---|
| Price | $198,000 |
| Number Of Units | 2 |
| Square Footage | 1,344 |
| Acres | 0.24 |
| Year Built | 2018 |
| Type | Multi-Family (2-8 Units) |
| Sub-Type | One Story |
| Status | Active |
Community Information
| Address | 289 Chaparral Dr |
|---|---|
| Subdivision | ENCHANTED RIVER ESTATES 2 |
| City | Bandera |
| County | Bandera |
| State | TX |
| Zip Code | 78003 |
Multi-Unit Information
| Gross Annual Income | $26,440 |
|---|---|
| Net Operating Income | $20,700 |
| Annual Operating Expense | $5,740 |
| Operating Expense Includes | Taxes, Maintenance, Services |
Unit 1 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 2 |
| Parking Type | Street |
| Handicap Access | NO |
| Rent | $1,100 |
| Occupied | YES |
| Includes | Oven/Stove, Dishwasher, Refrigerator, Dryer, Washer |
Unit 2 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 2 |
| Parking Type | Street |
| Handicap Access | NO |
| Rent | $1,100 |
| Occupied | YES |
| Includes | Oven/Stove, Refrigerator, Washer Connection, Dryer Connection |
Amenities
| Has Pool | No |
|---|
Interior
| Heating | Central, 2 Units |
|---|---|
| Cooling | Two Central |
| Has Basement | No |
Exterior
| Exterior | Siding, Cement Fiber |
|---|---|
| Exterior Features | Mature Trees, Controlled Access |
| Roof | Metal |
| Construction | Pre-Owned |
School Information
| District | Bandera Isd |
|---|---|
| Elementary | Alkek |
| Middle | Bandera |
| High | Bandera |
Additional Information
| Date Listed | February 12th, 2026 |
|---|---|
| Days on Market | 211 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 10.45 |
| Gross Rent Multiplier | 7.49 |
| Estimated Taxes | $2,950 |
Listing Details
| Agent | Shane Neal |
|---|---|
| Office | eXp Realty |
| Contact Info | (726) 245-8941 |