About 19959 Fm 306
Side by side DUPLEX offering immediate income potential in a highly desirable location just off Highway 306. Positioned with convenient access to shopping, dining, Canyon Lake amenities, schools, and major commuter routes, the property offers excellent accessibility while being set back from the roadway for added privacy and ample on-site parking. Each unit features 3 bedrooms, 2 bathrooms, and includes refrigerator/washer/dryer, making this an attractive option for both tenants and owner-occupants. One side is currently occupied, providing existing rental income, while the second unit has recently been refreshed and is ready for occupancy. Whether you're seeking a turnkey income-producing property or a house-hacking opportunity, the spacious layout, practical floor plans, and strong rental appeal make this duplex a compelling addition to an investment portfolio. **Buyer Credit for closing costs available with an acceptable offer and using the seller's preferred lender.**
Features of 19959 Fm 306
| MLS® # | 1973394 |
|---|---|
| Price | $460,000 |
| Number Of Units | 2 |
| Square Footage | 3,238 |
| Acres | 0.56 |
| Year Built | 1996 |
| Type | Multi-Family (2-8 Units) |
| Sub-Type | Two Story |
| Status | Active |
Community Information
| Address | 19959 Fm 306 |
|---|---|
| Subdivision | Hancock Canyon |
| City | Canyon Lake |
| County | Comal |
| State | TX |
| Zip Code | 78133 |
Multi-Unit Information
| Gross Annual Income | $44,400 |
|---|---|
| Net Operating Income | $36,140 |
| Annual Operating Expense | $8,259 |
| Operating Expense Includes | Taxes, Insurance |
Unit 1 Information
| Bedrooms | 3 |
|---|---|
| Bathrooms (Full) | 2 |
| Parking Spaces | 5 |
| Parking Type | Pad, Carport |
| Handicap Access | NO |
| Rent | $1,850 |
| Occupied | NO |
| Includes | Oven/Stove, Dishwasher, Refrigerator, Dryer, Washer |
Unit 2 Information
| Bedrooms | 3 |
|---|---|
| Bathrooms (Full) | 2 |
| Parking Spaces | 5 |
| Parking Type | Pad, Carport |
| Handicap Access | NO |
| Rent | $1,850 |
| Occupied | YES |
| Includes | Oven/Stove, Dishwasher, Refrigerator, Dryer, Washer |
Amenities
| Has Pool | No |
|---|
Interior
| Heating | Central |
|---|---|
| Cooling | Two Central |
| Has Basement | No |
Exterior
| Exterior | Wood |
|---|---|
| Exterior Features | Has Gutters |
| Roof | Metal |
School Information
| District | Comal |
|---|---|
| Elementary | Mountain Valley |
| Middle | Mountain Valley |
| High | Canyon Lake |
Additional Information
| Date Listed | June 6th, 2026 |
|---|---|
| Days on Market | 37 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 7.86 |
| Gross Rent Multiplier | 10.36 |
| Estimated Taxes | $7,542 |
Listing Details
| Agent | Lauren Alff |
|---|---|
| Office | Premier Town & Country Realty |
| Contact Info | (281) 630-9749 |