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New Braunfels Multifamily Investment Opportunity

3029 Green Mountain New Braunfels, TX 78130

3029 Green Mountain, New Braunfels, TX, 78130
$425,000
For Sale
Claim this Listing
$425,000

MULTI_FAMILY - New Braunfels, TX

Property Size1,387 SF
Price / SF$306.42
AddedMay 29
Days on Market49
Last RefreshJul 16 at 2:06 am

Property Features for 3029 Green Mountain

General Information

Property type
Residential Multi Family
Property subtype
Other
Standard status
Active
Size
1,387 SF

Taxes and HOA fees

Tax Annual Amount
7120

Building Details

Year built
2001

Listing agent Cindy Bachicha

Listing office San Antonio Portfolio KW RE 23702 Frontage Road IH10 W, San Antonio, TX

Listing date May 29, 2026

MLS# 1938215 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 multifamily property in New Braunfels, Texas, presents an investment opportunity. Each of the units features 3 bedrooms and 2 bathrooms, with each unit offering 1387 square feet of living space. The property is well-maintained and currently generates income. Located in a desirable area, the property provides convenient access to both San Antonio and Austin. Updates to the property include a new AC unit, a recent hot water heater, and vinyl wood flooring. Each unit includes a fenced backyard.

Key Highlights

  • Income‑producing property in a desirable location.
  • Two well‑maintained units, each with 3 bedrooms and 2 baths.
  • Convenient access to both San Antonio and Austin.

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 $22.5k $16.20
− Vacancy −$2.1k −$1.54
EGI $20.3k $14.66
− OpEx −$6.1k −$4.40
NOI $14.2k $10.26
1,387 SF · lease $16.20/SF/yr · vacancy 9.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$203.3K
$177.9K – $237.2K (±1% cap)
NOI $14,234 @ 7.0% cap · market cap 3.35%
Second Best
Apartment 5plus
$176.5K
$154.5K – $206.0K (±1% cap)
NOI $12,358 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$353.8K
$309.6K – $412.8K (±1% cap)
NOI $24,766 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Dental Office Hair Salon Nail Salon Food Market (Bike/Boat/Book/etc) Store Restaurant Pharmacy Barber Shop Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Income-producing duplex in a desirable location with easy access.
Where is this duplex located?
The property is located at 3029 Green Mountain New Braunfels, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Income‑producing property in a desirable location.; Two well‑maintained units, each with **3 bedrooms and 2 baths.**; Convenient access to both San Antonio and Austin.
Contact an agent
More about this property
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