Boerne Multifamily Investment
1000 Diamond Dr Unit 3201-3204 Boerne, TX 78006
1000 Diamond Dr Unit 3201-3204, Boerne, TX, 78006
$795,000
For Sale
$795,000
MULTI_FAMILY - Boerne, TX
Property Size4,710 SF
Lot Size0.12 Acres
Price / SF$168.79
Days on Market128
Property Features for 1000 Diamond Dr Unit 3201-3204
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 4,710 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Annual Amount
- 11899
Building Details
- Year built
- 2007
Listing Agency
All City Real Estate Ltd. Co
(866) 277-6005
10222 Pecan Park Blvd, San Antonio, TX
Listed by
Rajaram Gautam · License #0740027
(512) 957-9044
Added: Mar 15 Checked: Jul 20 at 10:06 am
MLS# 1946111
Listing URL
Copyright © 2026 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in Boerne, Texas, the property at 1000 Diamond Dr, Units 3201-3204, is a well-maintained four-unit building. Each unit features a functional layout with comfortable living spaces and good natural light. The property is located minutes from Interstate 10, providing connectivity to shopping, dining, and historic downtown Boerne. The location in the Hill Country and the strong local rental market make this a solid investment opportunity. One of the units may be available for owner occupancy, creating an opportunity for a VA or FHA Loan buyer to occupy one unit while generating rental income from the others. The property offers flexibility, income potential, and a prime location. The property contains 4,710 square feet and is situated on a 0.115-acre lot.
Key Highlights
- Four‑unit property offering significant income potential through rentals.
- Prime location in Boerne, TX, close to I‑10, shopping, dining, and downtown.
- Opportunity for owner‑occupancy in one unit while renting out the others.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.3k | $16.20 |
| − Vacancy | −$7.2k | −$1.54 |
| EGI | $69.1k | $14.66 |
| − OpEx | −$20.7k | −$4.40 |
| NOI | $48.3k | $10.26 |
4,710 SF · lease $16.20/SF/yr · vacancy 9.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$690.5K
$604.2K – $805.6K
NOI $48,337 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$599.5K
$524.6K – $699.4K
NOI $41,966 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,476 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit property in Boerne, TX, near I-10.
Where is this quadplex located?
The property is located at 1000 Diamond Dr Unit 3201-3204 Boerne, TX.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Four‑unit property offering significant income potential through rentals.; Prime location in Boerne, TX, close to I‑10, shopping, dining, and downtown.; Opportunity for owner‑occupancy in one unit while renting out the others.
