Modern Two-Unit
1063 Sleepy Hollow Spring Branch, TX 78070
1063 Sleepy Hollow, Spring Branch, TX, 78070
$284,900
For Sale
$284,900
MULTI_FAMILY - Other - Spring Branch, TX
Property Size2,160 SF
Lot Size0.23 Acres
Price / SF$131.90
Days on Market265
Property Features for 1063 Sleepy Hollow
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Rooms
- Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1
- Interior features
- CeilingFans, TubShower, Vanity, WalkInClosets, BreakfastArea, KitchenFamilyRoomCombo, KitchenDiningCombo
- Appliances
- Dishwasher, ElectricRange, Refrigerator, SomeElectricAppliances, Microwave, Range
- Standard status
- Active
- APN
- 33774
- Size
- 2,160 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LAKE OF THE HILLS ESTATES, BLOCK 22, LOT 47
- Tax Annual Amount
- 3781
Utilities
- Sewer type
- Septic Tank
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 2023
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Carpet, Linoleum
- Building materials
- HardiplankType, Masonry
- Roof type
- Shingle, Composition
- Architectural style
- Other
Listing Agency
Exit 4 Texas
(830) 627-3948
1619 E Common Street, New Braunfels, TX
Listed by
Sherry Keeble · License #0488263
(830) 606-0606
Added: Oct 30, 2025 Updated: Jul 18 at 9:34 am Checked: Jul 21 at 1:06 am
MLS# 596733
Listing URL
Copyright © 2026 Central Texas Multiple Listing Service. 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 for-sale duplex was built about two years ago and consists of two separate units, each with two bedrooms and two full bathrooms. Both units feature an open floorplan, a private laundry room, and a primary bedroom with a large walk-in closet. Interior finishes include vinyl flooring in the main living areas with carpet in the bedrooms, designed for low-maintenance upkeep. The kitchens include granite countertops and a subway tile backsplash, and each unit comes with appliances, including the refrigerators. One of the units has never been lived in.
The property is located in the Lake of the Hills subdivision in Spring Branch, Texas. The remarks note easy access to the area via nearby US 281, heading toward Blanco.
This setup can fit buyers seeking a manageable residential income property with two similarly sized, self-contained layouts. With matching bedroom and bathroom counts, in-unit laundry, and kitchens equipped with appliances, the duplex is straightforward to operate and maintain, while the never-lived-in unit provides a cleaner starting point for an owner-operator or investor.
The property is located in the Lake of the Hills subdivision in Spring Branch, Texas. The remarks note easy access to the area via nearby US 281, heading toward Blanco.
This setup can fit buyers seeking a manageable residential income property with two similarly sized, self-contained layouts. With matching bedroom and bathroom counts, in-unit laundry, and kitchens equipped with appliances, the duplex is straightforward to operate and maintain, while the never-lived-in unit provides a cleaner starting point for an owner-operator or investor.
Key Highlights
- 2‑year‑old duplex in Lake of the Hills subdivision; one unit has never been lived in
- Each unit has 2 bedrooms and 2 full bathrooms with an open floorplan
- Primary bedroom includes a large walk‑in closet; private laundry room in each unit
Local 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 | $35.0k | $16.20 |
| − Vacancy | −$3.3k | −$1.54 |
| EGI | $31.7k | $14.66 |
| − OpEx | −$9.5k | −$4.40 |
| NOI | $22.2k | $10.26 |
2,160 SF · lease $16.20/SF/yr · vacancy 9.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$316.7K
$277.1K – $369.5K
NOI $22,167 @ 7.0% cap · market cap 7.78%
Second Best
Apartment 5plus
$274.9K
$240.6K – $320.8K
NOI $19,246 @ 7.0% cap · market cap 6.76%
Theoretical Best
Office A
$551.0K
$482.1K – $642.8K
NOI $38,569 @ 7.0% cap · market cap 13.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - For sale duplex built within two years, offering two 2-bedroom, 2-bath units with modern finishes and included appliances.
Where is this duplex located?
The property is located at 1063 Sleepy Hollow Spring Branch, TX.
What is the asking price?
The asking price for this property is $284,900.
What are key features of this property?
This property features: 2‑year‑old duplex in Lake of the Hills subdivision; one unit has never been lived in; Each unit has 2 bedrooms and 2 full bathrooms with an open floorplan; Primary bedroom includes a large walk‑in closet; private laundry room in each unit
