Duplex with Private Fenced
388 E Faust New Braunfels, TX 78130
388 E Faust, New Braunfels, TX, 78130
$624,999
For Sale
$624,999
MULTI_FAMILY - New Braunfels, TX
Property Size2,160 SF
Lot Size0.21 Acres
Price / SF$289.35
Days on Market48
Property Features for 388 E Faust
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- C3
- Standard status
- Active
- Size
- 2,160 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9997
Building Details
- Year built
- 2011
Listing Agency
Keller Williams Heritage
(210) 493-3030
1717 N. Loop 1604 E, San Antonio, TX
Listed by
Shaunna Hanover · License #0735608
(210) 493-3030
Added: Jun 1 Checked: Jul 18 at 5:06 pm
MLS# 1971777
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 duplex contains two separate residential units, each featuring 3 bedrooms and 2 full bathrooms with an open-concept layout. Both units are described as having vaulted ceilings and stained concrete floors. Covered patios and private fenced backyards are included for each unit, along with individual one-car garages. All appliances convey with the property.
The property is located at 388 E Faust in New Braunfels, in Comal County, under C3 zoning. The seller’s remarks describe the home as moments from the Faust Street Bridge and the Guadalupe River, and minutes from downtown New Braunfels, including restaurants, shopping, entertainment, river recreation, and major commuter routes.
Designed to support either owner-occupancy or a two-unit rental setup, the configuration offers a practical live-in-and-earn option while maintaining separate spaces for each household. The combination of covered outdoor areas, fenced yards, and individual garages can be attractive to tenants seeking single-family conveniences. With appliances conveying, the duplex may be a lower-friction choice for buyers looking to move forward after closing.
The property is located at 388 E Faust in New Braunfels, in Comal County, under C3 zoning. The seller’s remarks describe the home as moments from the Faust Street Bridge and the Guadalupe River, and minutes from downtown New Braunfels, including restaurants, shopping, entertainment, river recreation, and major commuter routes.
Designed to support either owner-occupancy or a two-unit rental setup, the configuration offers a practical live-in-and-earn option while maintaining separate spaces for each household. The combination of covered outdoor areas, fenced yards, and individual garages can be attractive to tenants seeking single-family conveniences. With appliances conveying, the duplex may be a lower-friction choice for buyers looking to move forward after closing.
Key Highlights
- Duplex built in 2011 with two units, each offering 3 bedrooms and 2 full bathrooms
- Each unit has approximately 1,080 SF with vaulted ceilings and an open‑concept layout
- Stained concrete floors and all appliances convey with the property
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 | $35.0k | $16.20 |
| − Vacancy | −$3.3k | −$1.54 |
| EGI | $31.7k | $14.66 |
| − OpEx | −$9.5k | −$4.40 |
| NOI | $22.2k | $10.26 |
2,160 SF · lease $16.20/SF/yr · vacancy 9.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$316.7K
$277.1K – $369.5K
NOI $22,167 @ 7.0% cap · market cap 3.55%
Second Best
Apartment 5plus
$274.9K
$240.6K – $320.8K
NOI $19,246 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$551.0K
$482.1K – $642.8K
NOI $38,569 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Two 3BR/2BA units with vaulted ceilings, fenced yards, covered patios, and one-car garages; appliances convey.
Where is this duplex located?
The property is located at 388 E Faust New Braunfels, TX.
What is the asking price?
The asking price for this property is $624,999.
What are key features of this property?
This property features: Duplex built in 2011 with two units, each offering 3 bedrooms and 2 full bathrooms; Each unit has approximately 1,080 SF with vaulted ceilings and an open‑concept layout; Stained concrete floors and all appliances convey with the property
