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Turnkey Furnished Duplex
New
For Sale
$699,000

123 S Academy Avenue, New Braunfels, TX 78130

Residential, New Braunfels, TX

Property Size1,720 SF
Lot Size0.14 Acres
Price / SF$406.40
Days on Market2

Property Features for 123 S Academy Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 2
Full bathrooms 2
Rooms Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2
Interior features Attic, BreakfastBar, BuiltInFeatures, CeilingFans, CarbonMonoxideDetector, HighCeilings, Pantry, QuartzCounters, SolidSurfaceCounters, TubShower, Vanity, CustomCabinets, EatInKitchen, KitchenIsland, KitchenDiningCombo
Exterior features Storage
Appliances Dishwasher, Disposal, GasRange, GasWaterHeater, MultipleWaterHeaters, Refrigerator, SomeGasAppliances, Microwave, Range
Subdivision Downtown
Lot features City Lot, Level, Mature Trees, Xeriscape, Less Than Quarter Acre
Elementary school Carl Schurz Elementary
Middle school Oak Run Middle School
High school New Braunfels High School
Elementary school district New Braunfels ISD
Middle school district New Braunfels ISD
High school district New Braunfels ISD
Directions Enter the Main Plaza traffic circle. Take the exit onto W San Antonio St, heading west. Go about 2 blocks. Turn left onto S Academy Ave. 147 S Academy Ave will be shortly ahead on your left.
Standard status Active
APN 3
Size 1,720 SF
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description CITY OF NEW BRAUNFELS, NEW CITY BLOCK 1001, LOT 124 PT
Tax Annual Amount 5357
Legal Description CITY OF NEW BRAUNFELS, NEW CITY BLOCK 1001, LOT 124 PT

Utilities

Sewer type Public Sewer
Heating system Electric (Heating)
Cooling system Electric
Water source Public

Building Details

Year built 1899
Floors in Building 1
Number of units 2
Flooring type Hardwood, Tile
Building materials LapSiding, WoodSiding
Roof type Metal
Architectural style Craftsman
Additional Structures Storage
Listing Agency: Greenbelt Realty
Listed By: Sarah McDaniel · License #0670476
Added: Aug 21 Changed: Aug 22 Last Checked: Aug 22 at 6:06PM
MLS# 623387

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 duplex contains two matching one-bedroom, one-bath residences within 1,720 square feet. Both units currently operate as short-term rentals and include furnishings and future bookings. Interior improvements completed in 2021 added quartz countertops, gas ranges, custom cabinetry, kitchen storage, hardwood and tile flooring, while original wood walls and ceilings remain part of the design. A metal roof, electric heating and cooling, public water, and public sewer are also in place.

Set on 0.1352 acres in downtown New Braunfels, the property is within walking distance of restaurants, retail, the Saturday farmers market, and the rivers. Schlitterbahn is described as a short distance away. The neighboring sister property at 147 S Academy is also available, offering the option to acquire both adjoining short-term rental assets.

Key Highlights

  • Two matching 1/1 units, both currently operating as short‑term rentals
  • 1,720 square feet on a 0.1352‑acre lot
  • Interior rehabilitation completed in 2021

Property Analytics

Current Use

The Greenbelt Haus Hotel & Motel Frisby's Florist & Flower ... (Bike/Boat/Book/etc) Store Frisby's Florist & Flower ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Pet Store & Service Daycare Center Home Appliance Store Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

1,970
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two one-bedroom units feature quartz kitchens, gas cooking, and shared short-term rental operations.
Where is this duplex located?
The property is located at 123 S Academy Avenue New Braunfels, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two matching 1/1 units, both currently operating as short‑term rentals; 1,720 square feet on a 0.1352‑acre lot; Interior rehabilitation completed in 2021
More about this property
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