Duplex with Two Residential
For Sale
$429,000
1049-1051 Carolyn Cove, New Braunfels, TX 78130
Duplex offering 1,228 sq. ft. of living space with fenced yards, sprinkler system, and included appliances.
Property Size2,222 SF
Price / SF$193.07
Days on Market158
Property Features for 1049-1051 Carolyn Cove
General Information
Standard status
Active
Size
2,222 SF
Property subtype
Multi-Family / One Story
Building Details
Year Built
2014
Listing Agency:
Hecht Real Estate Group
(210) 240-3857
Listed By:
Linda Ebling
(210) 240-3857
Source:
Compass
Added: Feb 27
Changed: Jul 21
Last Checked: Aug 3 at 1:00PM
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 Hecht Real Estate Group
Investment Insights
Based on property information with market context.
This duplex home provides 1,228 square feet of living space with an interior featuring granite countertops in the kitchen and baths, stained concrete flooring, and coffered ceilings with decorative lighting and rounded interior corners. The range and refrigerator are included, and there are laundry hookups in the garage. The property includes fenced back and side yards with a sprinkler system.
1049 Carolyn Cove is currently occupied on a month-to-month basis. 1051 Carolyn Cove has a lease scheduled to end 7/31/26. No showings are available until an accepted contract is in place.
The duplex configuration consists of two residential units at 1049–1051 Carolyn Cove, offering a blend of month-to-month occupancy and an identified lease expiration date.
1049 Carolyn Cove is currently occupied on a month-to-month basis. 1051 Carolyn Cove has a lease scheduled to end 7/31/26. No showings are available until an accepted contract is in place.
The duplex configuration consists of two residential units at 1049–1051 Carolyn Cove, offering a blend of month-to-month occupancy and an identified lease expiration date.
Key Highlights
- Duplex with 1,228 sq. ft. of living space built in 2014
- Granite countertops in the kitchen and baths; stained concrete flooring throughout
- Includes appliances: range and refrigerator
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 | $36.0k | $16.20 |
| − Vacancy | −$3.4k | −$1.54 |
| EGI | $32.6k | $14.66 |
| − OpEx | −$9.8k | −$4.40 |
| NOI | $22.8k | $10.26 |
2,222 SF · lease $16.20/SF/yr · vacancy 9.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$325.8K
$285.1K – $380.1K
NOI $22,804 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$282.8K
$247.5K – $330.0K
NOI $19,798 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$566.8K
$496.0K – $661.3K
NOI $39,676 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
374
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
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex offering 1,228 sq. ft. of living space with fenced yards, sprinkler system, and included appliances.
Where is this duplex located?
The property is located at 1049-1051 Carolyn Cove New Braunfels, TX.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Duplex with 1,228 sq. ft. of living space built in 2014; Granite countertops in the kitchen and baths; stained concrete flooring throughout; Includes appliances: range and refrigerator
