4-Unit Multifamily
For Sale
$795,000
1000 Diamond Dr unit 3201-3204, Boerne, TX 78006
Four residences offer the option of living in one unit while leasing the others, subject to availability.
Property Size4,710 SF
Price / SF$168.79
Days on Market12
Property Features for 1000 Diamond Dr unit 3201-3204
General Information
Standard status
Active
Size
4,710 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
4
Amenities
Carpeting,Linoleum
Electric
2
Separate Electric,Separate Water
Composition
Stucco
0.115
Slab
City
Neighborhood Pool,Controlled Access,Clubhouse,Pedernales River
Building Details
Building Size
4,710 SF
Year Built
2007
Listing Agency:
All City Real Estate Ltd. Co
(832) 420-2131
Listed By:
Rajaram Gautam · License #0740027
(866) 277-6005
Source:
Centralrealestategroup
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 28 at 4:39PM
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
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Investment Insights
Based on property information with market context.
This 4-unit multifamily property in Building 32 contains 4,710 square feet and was built in 2007. The units have separate electric and water service, with carpeting and linoleum listed among the interior finishes. The exterior is stucco, and the property has a composition finish and slab foundation.
Residents have access to a neighborhood pool, clubhouse, and controlled-access entry. The property is in Boerne, with Interstate 10 and nearby shopping and dining reachable within minutes. Historic downtown Boerne is also nearby.
One unit may be available for owner occupancy, allowing a resident to occupy one home and rent the remaining units, subject to availability.
Residents have access to a neighborhood pool, clubhouse, and controlled-access entry. The property is in Boerne, with Interstate 10 and nearby shopping and dining reachable within minutes. Historic downtown Boerne is also nearby.
One unit may be available for owner occupancy, allowing a resident to occupy one home and rent the remaining units, subject to availability.
Key Highlights
- Four units totaling 4,710 square feet
- Built in 2007
- Separate electric and water service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,337
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$966,740
$966.7K
Cap Rate 7%
$690,529
$690.5K
Cap Rate 9%
$537,078
$537.1K
Market Conditions
NOI Build-Up for 4,710 SF
Gross rent
$76.3K $16.20/SF
− Vacancy
−$7.2K −$1.54/SF
EGI
$69.1K $14.66/SF
− OpEx
−$20.7K −$4.40/SF
NOI
$48.3K $10.26/SF
Area
Kendall 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 Rate 5%
$966,740
Cap Rate 7%
$690,529
Cap Rate 9%
$537,078
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 authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
Explore this area
Business Placement
Demographics for 78006, TX
40,979
Population
16,643
Households
2.5
Avg Household Size
44
Median Age
51%
College-Educated
94%
High-School Grad
345.9 sq mi
ZIP Area
118
Density / Sq Mi
$110,955
Median Household Income
$51,943
Median Earnings
$1,612
Median Rent
$502,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residences offer the option of living in one unit while leasing the others, subject to availability.
Where is this quadplex located?
The property is located at 1000 Diamond Dr unit 3201-3204 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 units totaling 4,710 square feet; Built in 2007; Separate electric and water service
