About 786 39th St W
Offered at $200,000 with seller financing available Good investment opportunity located less than 10 minutes from Medina Lake. This true duplex sits on 1.24 wooded acres with mature trees and no HOA. The single-story property is on a slab foundation and is unfinished, offering the opportunity to renovate and add value. The property has a metal roof, electricity, plumbing, window units, roundabout parking, and an additional slab area for parking. Owner also selling 272 Plum Cove 2 Property Deal Oppurtunity
Features of 786 39th St W
| MLS® # | 2012055 |
|---|---|
| Price | $200,000 |
| Number Of Units | 2 |
| Square Footage | 1,460 |
| Acres | 1.24 |
| Year Built | 1969 |
| Type | Multi-Family (2-8 Units) |
| Sub-Type | One Story |
| Status | Active |
Community Information
| Address | 786 39th St W |
|---|---|
| Subdivision | AVALON |
| City | Lakehills |
| County | Bandera |
| State | TX |
| Zip Code | 78063 |
Multi-Unit Information
| Gross Annual Income | $21,600 |
|---|---|
| Net Operating Income | $18,000 |
| Annual Operating Expense | $3,600 |
| Operating Expense Includes | Taxes, Insurance, Maintenance |
Unit 1 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Bathrooms (Half) | 1 |
| Parking Spaces | 3 |
| Parking Type | Detached |
| Handicap Access | NO |
| Rent | $900 |
| Occupied | NO |
| Includes | Refrigerator |
Unit 2 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 4 |
| Parking Type | Detached |
| Handicap Access | NO |
| Rent | $900 |
| Occupied | NO |
| Includes | Oven/Stove, Refrigerator, Washer Connection, Dryer Connection |
Amenities
| View | Lake Medina |
|---|---|
| Has Pool | No |
Interior
| Heating | None |
|---|---|
| Cooling | None |
| Has Basement | No |
Exterior
| Exterior | Wood, Siding |
|---|---|
| Exterior Features | Mature Trees, Ranch Fence, Other - See Remarks, Partially Wooded, Wooded, Secluded, Sloping, Level, Lake Medina |
| Roof | Metal |
| Construction | Pre-Owned |
| Foundation | Slab |
School Information
| District | Bandera Isd |
|---|---|
| Elementary | Hill Country |
| Middle | Bandera |
| High | Bandera |
Additional Information
| Date Listed | August 27th, 2026 |
|---|---|
| Days on Market | 12 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 9.00 |
| Gross Rent Multiplier | 9.26 |
| Estimated Taxes | $1,271 |
Listing Details
| Agent | Allan Salazar |
|---|---|
| Office | Mi Casa Su Casa Properties |
| Contact Info | (210) 941-7639 |