Four-Unit Residential Income
1000 Diamond Drive Boerne, TX 78006
For Sale
$795,000
Well-maintained four-unit building offers functional layouts, good natural light, and convenient internal access within the complex.
Property Size4,710 SF
Price / SF$168.79
Days on Market144
Property Features for 1000 Diamond Drive
General Information
- Standard status
- Active
- Size
- 4,710 SF
- Property subtype
- Multi-Family / Two Story
Building Details
- Year Built
- 2007
Listing Agency:
All City Real Estate Ltd. Co
(832) 420-2131
Listed By:
Rajaram Gautam · License #0740027
(832) 420-2131
Source:
Compass
Added: Mar 2
Changed: Jul 22
Last Checked: Jul 23 at 9:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of All City Real Estate Ltd. Co
Investment Insights
Based on property information with market context.
This well-maintained four-unit residential income property is located in Building 32 at 1000 Diamond Drive, offering Units 3201 through 3204. Each unit features a functional layout with comfortable living spaces and good natural light, with convenient access within the complex.
The property is described as being just minutes from Interstate 10, providing straightforward connectivity to nearby shopping, dining, and historic downtown Boerne.
As presented, the configuration offers flexibility for either investors or an owner-occupant, with the possibility that one unit may be available for owner occupancy while the remaining units generate rental income.
The property is described as being just minutes from Interstate 10, providing straightforward connectivity to nearby shopping, dining, and historic downtown Boerne.
As presented, the configuration offers flexibility for either investors or an owner-occupant, with the possibility that one unit may be available for owner occupancy while the remaining units generate rental income.
Key Highlights
- Four‑unit property at 1000 Diamond Dr, Units 3201–3204
- Built in 2007; slab foundation with composition roof
- Interior flooring includes carpeting and linoleum
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 | $76.3k | $16.20 |
| − Vacancy | −$7.2k | −$1.54 |
| EGI | $69.1k | $14.66 |
| − OpEx | −$20.7k | −$4.40 |
| NOI | $48.3k | $10.26 |
4,710 SF · lease $16.20/SF/yr · vacancy 9.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$690.5K
$604.2K – $805.6K
NOI $48,337 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$599.5K
$524.6K – $699.4K
NOI $41,966 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,476 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Well-maintained four-unit building offers functional layouts, good natural light, and convenient internal access within the complex.
Where is this quadplex located?
The property is located at 1000 Diamond Drive Boerne, TX.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Four‑unit property at 1000 Diamond Dr, Units 3201–3204; Built in 2007; slab foundation with composition roof; Interior flooring includes carpeting and linoleum
