Turnkey New Braunfels
3013/3015 Green Mountain Drive New Braunfels, TX 78130
3013/3015 Green Mountain Drive, New Braunfels, TX, 78130
$397,000
For Sale
$397,000
MULTI_FAMILY - New Braunfels, TX
Property Size2,428 SF
Lot Size0.22 Acres
Price / SF$163.51
Days on Market38
Property Features for 3013/3015 Green Mountain Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 2,428 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6944
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 2003
Listing Agency
Keller Williams Heritage
(210) 493-3030
1717 N. Loop 1604 E, San Antonio, TX
Listed by
Pamela Smartt
(210) 493-3030
Added: Jun 11 Checked: Jul 18 at 4:06 pm
MLS# 1968868
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.
This meticulously maintained, turnkey two-story duplex in New Braunfels, TX, presents an excellent investment opportunity. Each side features a functional 2-bedroom, 2.5-bathroom layout and a 1-car garage. The property offers a blend of modern comfort and income potential. The main levels feature expansive, open-concept living, dining, and kitchen areas with low-maintenance neutral tiling, soft grey paint, and abundant natural light. Both kitchens are equipped with stainless steel appliances, including a refrigerator, wood cabinetry, and convenient breakfast bars. One unit includes upgraded granite countertops paired with a modern white subway tile backsplash, while the other offers clean, durable laminate surfaces. The main floor also includes a half-bath for guests and an interior utility/laundry room equipped with built-in storage cabinetry. Upstairs, durable, wood-look luxury vinyl plank flooring extends throughout the bedrooms. The spacious primary suites feature massive walk-in closets with built-in shelving and wrap-around double vanities. Both full bathrooms upstairs showcase elegant vertical tile shower surrounds with built-in product niches. Exterior features include curb appeal, a long concrete driveway for ample off-street parking, and two large, fully-fenced backyards featuring mature shade trees and covered concrete patios. The property is move-in ready and built to last, situated on a 0.216-acre lot. The property size is 2428 square feet.
Key Highlights
- Turnkey duplex: Move‑in ready with strong income potential.
- Two identical units: Each features 2 bedrooms, 2.5 bathrooms, and a 1‑car garage.
- Modern, open‑concept living spaces: Abundant natural light and neutral tiling.
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 | $39.3k | $16.20 |
| − Vacancy | −$3.7k | −$1.54 |
| EGI | $35.6k | $14.66 |
| − OpEx | −$10.7k | −$4.40 |
| NOI | $24.9k | $10.26 |
2,428 SF · lease $16.20/SF/yr · vacancy 9.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$356.0K
$311.5K – $415.3K
NOI $24,918 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$309.0K
$270.4K – $360.6K
NOI $21,633 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$619.3K
$541.9K – $722.6K
NOI $43,354 @ 7.0% cap · market cap 10.92%
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 - Meticulously maintained duplex with modern amenities and income potential.
Where is this duplex located?
The property is located at 3013/3015 Green Mountain Drive New Braunfels, TX.
What is the asking price?
The asking price for this property is $397,000.
What are key features of this property?
This property features: Turnkey duplex: Move‑in ready with strong income potential.; Two identical units: Each features 2 bedrooms, 2.5 bathrooms, and a 1‑car garage.; Modern, open‑concept living spaces: Abundant natural light and neutral tiling.
