New Braunfels Duplex For
1525 Lorelei New Braunfels, TX 78130
1525 Lorelei, New Braunfels, TX, 78130
$289,900
For Sale
$289,900
MULTI_FAMILY - New Braunfels, TX
Property Size1,660 SF
Lot Size0.23 Acres
Price / SF$174.64
Days on Market115
Property Features for 1525 Lorelei
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 1,660 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4362
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1985
Listing agency
GIC Properties
(210) 821-1122
Listed by
Robert Libby
(210) 821-1122
Added: Mar 30 Updated: Apr 15 at 11:19AM Checked: Jul 22 at 4:06PM
MLS# 1950424
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 duplex is located steps from Goodwin Frazier Elementary in New Braunfels, Texas. The property contains 1,660 square feet and sits on a 0.233-acre lot. Each unit features a 2-bedroom floorplan. One unit is currently rented month to month. Both units have below-market rents, offering the potential for increased income. Additional, similar duplexes are available nearby.
Key Highlights
- Well‑priced duplex offering potential for increased rental income.
- Each unit has a functional 2‑bedroom floorplan.
- Strong long‑term rental demand.
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 | $26.9k | $16.20 |
| − Vacancy | −$2.6k | −$1.54 |
| EGI | $24.3k | $14.66 |
| − OpEx | −$7.3k | −$4.40 |
| NOI | $17.0k | $10.26 |
1,660 SF · lease $16.20/SF/yr · vacancy 9.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$243.4K
$213.0K – $283.9K
NOI $17,036 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$211.3K
$184.9K – $246.5K
NOI $14,791 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$423.4K
$370.5K – $494.0K
NOI $29,641 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-priced duplex with income upside potential in New Braunfels, TX.
Where is this duplex located?
The property is located at 1525 Lorelei New Braunfels, TX.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Well‑priced duplex offering potential for increased rental income.; Each unit has a functional 2‑bedroom floorplan.; Strong long‑term rental demand.
