About 182 Joiner Dr
Rare investment opportunity! This income-producing property features four duplexes situated on approximately 5 acres, offering both immediate cash flow and significant future upside. With roughly 2 additional acres ready for development, investors have the potential to expand and add more units. Infrastructure is already in place with water and electricity available to support future construction, helping reduce development costs and timelines. Located just 7 minutes from downtown Bandera, this property offers the perfect balance of convenience and country living. Situated outside the city limits, owners can enjoy fewer restrictions and the potential benefits of lower property taxes while remaining close to shopping, dining, schools, and entertainment. The property offers a unique combination of current rental income and long-term growth potential, making it ideal for investors, developers, or those seeking to build a larger multifamily portfolio. Whether you're looking for consistent cash flow today or expansion opportunities tomorrow, this property delivers exceptional value and flexibility.
Features of 182 Joiner Dr
| MLS® # | 1991102 |
|---|---|
| Price | $1,498,000 |
| Number Of Units | 8 |
| Square Footage | 5,968 |
| Acres | 5.00 |
| Year Built | 1999 |
| Type | Multi-Family (2-8 Units) |
| Sub-Type | One Story |
| Status | Active |
Community Information
| Address | 182 Joiner Dr |
|---|---|
| Subdivision | Mason Creek Estates |
| City | Bandera |
| County | Bandera |
| State | TX |
| Zip Code | 78003 |
Multi-Unit Information
| Gross Annual Income | $84,960 |
|---|---|
| Net Operating Income | $77,972 |
| Annual Operating Expense | $6,988 |
| Operating Expense Includes | Taxes, Insurance |
Unit 1 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Carport |
| Handicap Access | NO |
| Rent | $885 |
| Occupied | YES |
| Includes | Oven/Stove, Dishwasher, Washer Connection, Dryer Connection |
Unit 2 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Carport |
| Handicap Access | NO |
| Rent | $885 |
| Occupied | YES |
| Includes | Oven/Stove, Washer Connection, Dryer Connection |
Unit 3 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Carport |
| Handicap Access | NO |
| Rent | $885 |
| Occupied | YES |
| Includes | Oven/Stove, Washer Connection, Dryer Connection |
Unit 4 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Carport |
| Handicap Access | NO |
| Rent | $885 |
| Occupied | YES |
| Includes | Oven/Stove, Washer Connection, Dryer Connection |
Unit 5 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Carport |
| Handicap Access | NO |
| Rent | $885 |
| Occupied | YES |
| Includes | Oven/Stove, Washer Connection, Dryer Connection |
Unit 6 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Carport |
| Handicap Access | NO |
| Rent | $885 |
| Occupied | YES |
| Includes | Oven/Stove, Washer Connection, Dryer Connection |
Unit 7 Information
| Parking Type | Carport |
|---|---|
| Includes | Oven/Stove, Washer Connection, Dryer Connection |
Unit 8 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Carport |
| Handicap Access | NO |
| Rent | $885 |
| Occupied | YES |
| Includes | Oven/Stove, Washer Connection, Dryer Connection |
Amenities
| Has Pool | No |
|---|
Interior
| Heating | Central |
|---|---|
| Cooling | Multi-Unit Central, Three+ Central |
| Has Basement | No |
Exterior
| Exterior | Siding |
|---|---|
| Exterior Features | Patio Slab, Covered Patio, Mature Trees, Partially Wooded, Level |
| Roof | Composition |
| Construction | Pre-Owned |
| Foundation | Slab |
School Information
| District | Bandera Isd |
|---|---|
| Elementary | Alkek |
| Middle | Bandera |
| High | Bandera |
Additional Information
| Date Listed | June 11th, 2026 |
|---|---|
| Days on Market | 91 |
| Zoning | RESIDENTIAL |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 5.21 |
| Gross Rent Multiplier | 17.63 |
| Estimated Taxes | $3,589 |
Listing Details
| Agent | Charles Acosta |
|---|---|
| Office | RE/MAX Associates Boerne |
| Contact Info | (210) 483-5000 |