Canyon Lake Multi-Family Properties for Sale

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Newest Canyon Lake Multi-Family Homes for Sale

$460,000

1973394 MLS ⋅ ACTIVE Status

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.**

19959 Fm 306, Canyon Lake

$450,000

1966001 MLS ⋅ ACTIVE Status

Income Producing Property 3 streams of Revenue on One Parcel. Financials available. Rare opportunity to own a fully operational, income-generating property with multiple rental units already in place. This unique setup features a main home with yearly long term renter contract, a fully finished cabin currently operating as a short-term rental, and an additional RV rental space-each thoughtfully separated with fencing to provide privacy for tenants and guests. The property is currently producing approximately $4,250/month(varies with VRBO) ($50,000 annually) in rental income with consistent occupancy, offering immediate cash flow from day one. There is also an unfinished basement with extra income potential up to $1,300 monthly. The cabin, completed after purchase, is actively used as a short-term rental and presents strong potential for increased revenue with optimized pricing and marketing. The main home is leased long-term for stable income, while the RV space adds a third revenue stream-an increasingly desirable and flexible rental option. Property Highlights: Three separate income-producing units, Established rental history with consistent monthly revenue, Short-term rental + long-term rental mix, Fully fenced and separated spaces for privacy. Value-add improvements already completed (cabin finished) Whether you're looking to expand your portfolio or step into a ready-to-go investment, this property offers diversified income, flexibility, and upside potential. No sign in yard. Call agent for appointment.

1103 Rockmoor, Canyon Lake

$369,000

1929072 MLS ⋅ ACTIVE Status

Full Duplex Opportunity - 5 Beds, 6 Baths, Each with 1-Car Garage. This duplex, built in 1984, offers a combined total of 5 bedrooms and 6 baths across two units. Each side includes a one-car garage and has been updated for comfort and convenience. The HOA provides access to a pool and sports court and covers lawn maintenance, water, trash, and all exterior upkeep, including the roof, which was replaced in 2022. UNIT 103 is a 3-bedroom, 3.5-bath offering 1,384 sq. ft. of living space across two stories, combining modern updates with low-maintenance living. The interior features a bright and functional layout, with each bedroom offering its own private bath for comfort and convenience. A one-car garage adds storage and parking flexibility. This unit is currently leased at $1500/month until 11/30/2026. UNIT 104 is a fully renovated 2-bedroom, 2.5-bath offering 1,168 sq. ft. of living space across two stories, providing comfort and convenience in a condo-style setting. The layout features two bedrooms, each with its own private bath, along with a half bath on the main level for guests. This unit is currently leased at $1300/month.

306 Dietert Ln #103 & 104, Canyon Lake

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