Classic Duplex in Modernizing
923 Eikel New Braunfels, TX 78130
For Sale
$429,999
MULTI_FAMILY - New Braunfels, TX
Property Size1,924 SF
Lot Size0.24 Acres
Price / SF$223.49
Days on Market127
Property Features for 923 Eikel
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RESIDENTIAL
- Standard status
- Active
- Size
- 1,924 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5600
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1970
Listing Agency:
Vortex Realty
(210) 647-6557
Listed By:
Michelle Barre
(210) 867-7700
Added: Mar 23
Changed: Apr 15
Last Checked: Jul 27 at 1:06AM
MLS# 1940523
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 classic traditional duplex is situated on a large 0.241-acre lot in the Comal Creek area of New Braunfels, Texas. The property is located approximately two blocks from the old downtown and its historic districts, and about four blocks from the newer downtown area. The location offers a blend of city and country charm, with proximity to unique shops and newer developments. The property size is 1924 square feet. The surrounding area maintains a quiet, country feel, characteristic of a railroad community. The property offers the potential for rental income to help offset mortgage costs.
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 | $31.2k | $16.20 |
| − Vacancy | −$3.0k | −$1.54 |
| EGI | $28.2k | $14.66 |
| − OpEx | −$8.5k | −$4.40 |
| NOI | $19.7k | $10.26 |
1,924 SF · lease $16.20/SF/yr · vacancy 9.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$282.1K
$246.8K – $329.1K
NOI $19,745 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$244.9K
$214.3K – $285.7K
NOI $17,143 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$490.8K
$429.4K – $572.6K
NOI $34,355 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex near downtown with rental income potential in New Braunfels.
Where is this duplex located?
The property is located at 923 Eikel New Braunfels, TX.
What is the asking price?
The asking price for this property is $429,999.
