Duplex with Fenced
For Sale
$424,000
1049-1051 Carolyn Cove, New Braunfels, TX 78130
Two-unit property with granite finishes, included appliances, and garage laundry hookups.
Property Size2,222 SF
Price / SF$190.82
Days on Market59
Property Features for 1049-1051 Carolyn Cove
General Information
Standard status
Active
Size
2,222 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
fenced yards
laundry hookups
Building Details
Year Built
2014
Buildings
1
Listing Agency:
Hecht Real Estate Group
Listed By:
Linda Ebling
(210) 596-1124
Source:
Theswinneygroup
Added: Aug 20
Changed: Oct 13
Last Checked: Oct 7 at 3:04PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2014, this duplex offers granite countertops in the kitchens and bathrooms, stained concrete flooring, coffered ceilings, distinctive light fixtures, and rounded interior corners. Each residence includes a range and refrigerator, while garage laundry hookups add practical utility. Fenced rear and side yards are equipped with sprinkler systems.
The property includes 1049 Carolyn Cove and 1051 Carolyn Cove in New Braunfels. The 1049 Carolyn Cove unit is occupied on a month-to-month basis, and the lease for 1051 Carolyn Cove runs through 7/31/27. Shopping, I-35, Hwy 46, and Gruene are minutes away. Showings are not available until an accepted contract is in place.
The property includes 1049 Carolyn Cove and 1051 Carolyn Cove in New Braunfels. The 1049 Carolyn Cove unit is occupied on a month-to-month basis, and the lease for 1051 Carolyn Cove runs through 7/31/27. Shopping, I-35, Hwy 46, and Gruene are minutes away. Showings are not available until an accepted contract is in place.
Key Highlights
- Duplex built in 2014
- Granite countertops in kitchens and bathrooms
- Stained concrete flooring with coffered ceilings and rounded corners
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,804
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,080
$456.1K
Cap Rate 7%
$325,771
$325.8K
Cap Rate 9%
$253,378
$253.4K
Market Conditions
NOI Build-Up for 2,222 SF
Gross rent
$36.0K $16.20/SF
− Vacancy
−$3.4K −$1.54/SF
EGI
$32.6K $14.66/SF
− OpEx
−$9.8K −$4.40/SF
NOI
$22.8K $10.26/SF
Area
Comal 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%
$456,080
Cap Rate 7%
$325,771
Cap Rate 9%
$253,378
Alternative Uses
Best Use
Multifamily LT 5
$325.8K
$285.1K – $380.1K
NOI $22,804 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$282.8K
$247.5K – $330.0K
NOI $19,798 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$566.8K
$496.0K – $661.3K
NOI $39,676 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
118
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
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with granite finishes, included appliances, and garage laundry hookups.
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 $424,000.
What are key features of this property?
This property features: Duplex built in 2014; Granite countertops in kitchens and bathrooms; Stained concrete flooring with coffered ceilings and rounded corners
