New Braunfels Multifamily
1506 Eichen Rd New Braunfels, TX 78130
For Sale
$329,999
MULTI_FAMILY - New Braunfels, TX
Property Size1,742 SF
Lot Size0.26 Acres
Price / SF$189.44
Days on Market103
Property Features for 1506 Eichen Rd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RESIDENTIAL
- Standard status
- Active
- Size
- 1,742 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4500
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1971
Listing Agency:
Vortex Realty
(210) 647-6557
Listed By:
Michelle Barre
(210) 867-7700
Added: Apr 16
Changed: Apr 18
Last Checked: Jul 26 at 11:06PM
MLS# 1940531
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.
This multifamily property in New Braunfels, Texas, offers an opportunity for owner-occupancy with rental income potential. The property includes two units. Unit 2, located at 1508 Eichen, features large trees and the largest side yard in the community, enclosed with a chain-link fence. It has a large entrance with double opening gate/doors, mimicking a privacy fence, that open for driving into the side yard. This gated/fenced area is suitable for work trucks, workspace, or large family gatherings, and includes a large metal shed. The backyard of Unit 2 overlooks the middle school yard. Unit 1, located at 1506 Eichen, is shown in the pictures. Contractors will be working on interior cleanup and exterior touch-ups. The property is situated on a 0.26-acre lot. The property size is 1742 square feet. The zoning is residential.
Key Highlights
- Duplex built in 1971 with central air
- Unit 2 (1508) features the largest side yard in the community, enclosed with chain link fencing
- Unit 2 has large double opening gate/doors to access a gated side yard for work trucks or extra workspace
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 | $28.2k | $16.20 |
| − Vacancy | −$2.7k | −$1.54 |
| EGI | $25.5k | $14.66 |
| − OpEx | −$7.7k | −$4.40 |
| NOI | $17.9k | $10.26 |
1,742 SF · lease $16.20/SF/yr · vacancy 9.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$255.4K
$223.5K – $298.0K
NOI $17,878 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$221.7K
$194.0K – $258.7K
NOI $15,521 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$444.4K
$388.8K – $518.4K
NOI $31,105 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Multifamily property ideal for owner-occupancy with rental income potential.
Where is this duplex located?
The property is located at 1506 Eichen Rd New Braunfels, TX.
What is the asking price?
The asking price for this property is $329,999.
What are key features of this property?
This property features: Duplex built in 1971 with central air; Unit 2 (1508) features the largest side yard in the community, enclosed with chain link fencing; Unit 2 has large double opening gate/doors to access a gated side yard for work trucks or extra workspace
