Duplex with Covered
For Sale
$449,000
343&345 Emma Drive, New Braunfels, TX 78130
Residential, New Braunfels, TX
Property Size2,650 SF
Lot Size0.19 Acres
Price / SF$169.43
Days on Market78
Property Features for 343&345 Emma Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 6, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 5, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 4, Bathroom 2
Parking features
Open, Garage
Patio and Porch features
Patio
Interior features
TrayCeilings, CeilingFans, CarbonMonoxideDetector, DoubleVanity, HighCeilings, PullDownAtticStairs, StoneCounters, ShowerOnly, SeparateShower, TubShower, WalkInClosets, BreakfastBar, GraniteCounters, KitchenFamilyRoomCombo, KitchenDiningCombo, Pantry, SolidSurfaceCounters
Exterior features
CoveredPatio
Fencing
Privacy
Appliances
Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, MultipleWaterHeaters, Refrigerator, SomeElectricAppliances, Microwave, Range
Subdivision
MALDONADO#1 AKA SAMUELS COURT#2
Lot features
Sprinklers In Rear, Sprinklers In Front, Mature Trees, Outside City Limits, Sprinklers Automatic, Less Than Quarter Acre
High school
Long Creek High School
Elementary school district
New Braunfels ISD
Middle school district
New Braunfels ISD
High school district
New Braunfels ISD
Directions
Heading South on FM 725, turn right onto Joanne Cove, then left onto Eugene Pass. Eugene Pass then curves right onto Kaspar Way, then turn left onto Emma Drive. The property is on the left side.
Standard status
Active
APN
171545
Size
2,650 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
MALDONADO #1 AKA SAMUELS COURT #2 BLOCK 2 LOT 12 .19 AC
Tax Annual Amount
6698
HOA Fee
$1,034 Annually
Legal Description
MALDONADO #1 AKA SAMUELS COURT #2 BLOCK 2 LOT 12 .19 AC
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Amenities
stained concrete flooring
stainless appliances
granite countertops
covered patios
privacy fencing
walk-in closets
double vanities
walk-in showers
xeriscaped yards
Building Details
Year built
2019
Floors in Building
1
Number of units
2
Flooring type
Concrete, Carpet, Paintedstained
Building materials
Brick, HardiplankType, Masonry
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
Property Professionals, Inc
(830) 625-8065
Listed By:
Roy Guzman · License #0521363
(210) 834-3263
Added: Jun 9
Changed: Aug 20
Last Checked: Aug 25 at 11:06PM
MLS# 616117
Copyright © 2026 Central Texas Multiple Listing Service. 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 at 343&345 Emma Drive in New Braunfels, this 2019 duplex contains 2650 square feet on a 0.19-acre lot. Each residence includes 3 bedrooms, 2 full bathrooms, a kitchen with granite countertops and stainless appliances, stained concrete flooring, walk-in closets, double-vanity primary baths, and walk-in showers. Covered patios, privacy fencing, and xeriscaped yards provide practical exterior features for both units.
Each side has a 2-car garage, and both units are currently vacant. The property is served by public sewer and includes central electric heating and cooling, composition shingle roofing, multiple water heaters, dishwashers, electric ranges, refrigerators, microwaves, and disposals. The duplex previously maintained occupancy for 4 straight years, according to the property information.
Each side has a 2-car garage, and both units are currently vacant. The property is served by public sewer and includes central electric heating and cooling, composition shingle roofing, multiple water heaters, dishwashers, electric ranges, refrigerators, microwaves, and disposals. The duplex previously maintained occupancy for 4 straight years, according to the property information.
Key Highlights
- Duplex built in 2019 with 2650 square feet on 0.19 acres
- Each unit offers 3 bedrooms and 2 full bathrooms
- 2 car garage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,196
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$543,920
$543.9K
Cap Rate 7%
$388,514
$388.5K
Cap Rate 9%
$302,178
$302.2K
Market Conditions
NOI Build-Up for 2,650 SF
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.
Gross rent
$42.9K $16.20/SF
− Vacancy
−$4.1K −$1.54/SF
EGI
$38.9K $14.66/SF
− OpEx
−$11.7K −$4.40/SF
NOI
$27.2K $10.26/SF
Area
Comal County, TX
Vacancy
9.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$543,920
Cap Rate 7%
$388,514
Cap Rate 9%
$302,178
Alternative Uses
Best Use
Multifamily LT 5
$388.5K
$340.0K – $453.3K
NOI $27,196 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$337.3K
$295.2K – $393.5K
NOI $23,612 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$676.0K
$591.5K – $788.6K
NOI $47,318 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
78
Businesses Nearby
Explore this area
Business Placement
Demographics for 78130, TX
88,349
Population
40,810
Households
2.2
Avg Household Size
37
Median Age
35%
College-Educated
91%
High-School Grad
91.0 sq mi
ZIP Area
971
Density / Sq Mi
$84,426
Median Household Income
$45,253
Median Earnings
$1,525
Median Rent
$296,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences feature private outdoor areas, attached garages, and low-maintenance xeriscaped yards.
Where is this duplex located?
The property is located at 343&345 Emma Drive New Braunfels, TX.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Duplex built in 2019 with 2650 square feet on 0.19 acres; Each unit offers 3 bedrooms and 2 full bathrooms; 2 car garage for each unit
