Duplex Investment
125-127 Joanne Cove New Braunfels, TX 78130
125-127 Joanne Cove, New Braunfels, TX, 78130
$465,000
For Sale
$465,000
MULTI_FAMILY - Other - New Braunfels, TX
Property Size2,650 SF
Lot Size0.21 Acres
Price / SF$175.47
Days on Market344
Property Features for 125-127 Joanne Cove
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Rooms
- Bathroom 2, Bedroom 5, Bathroom 3, Bathroom 4, Bedroom 6, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 4
- Parking features
- Garage
- Patio and Porch features
- Patio
- Interior features
- CeilingFans, CofferedCeilings, DoubleVanity, OpenFloorplan, TubShower, VaultedCeilings, WalkInClosets, WindowTreatments, BreakfastBar, BedroomOnMainLevel, GraniteCounters, KitchenFamilyRoomCombo, KitchenDiningCombo
- Exterior features
- CoveredPatio, PrivateYard, RainGutters
- Fencing
- Privacy
- Appliances
- Dishwasher, ElectricRange, Disposal, Microwave, Refrigerator, SomeElectricAppliances
- Standard status
- Active
- APN
- 157445
- Size
- 2,650 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- SAMUEL'S COURT @ 725 BLOCK 1 LOT 4 0.2052 AC
- Tax Annual Amount
- 8078
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2017
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Carpet, Paintedstained, Concrete
- Building materials
- Brick, HardiplankType, Masonry
- Roof type
- Shingle, Composition
- Architectural style
- Other
Listing Agency
StepStone Realty, LLC
(512) 587-7989
1711 S Colorado ST, Suite E202, Kyle, TX
Listed by
Angela Rhea · License #0563812
(512) 587-7989
Added: Aug 8, 2025 Checked: Jul 17 at 7:06 pm
MLS# 589147
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 duplex for sale includes two separate, three-bedroom, two-bath units. Each unit has a two-car garage and its own back porch, with fenced-in, generously sized yards. Interior finishes include polished concrete floors and an open, inviting layout with light coming through thoughtfully positioned window fittings. Both units are currently leased and have been exceptionally well maintained, along with the property’s grounds managed through an HOA, including xeriscaped lawns and landscaping.
The property is located at 125-127 Joanne Cove in New Braunfels, in Guadalupe County. Distances provided in the listing place the home within commuting range of major regional destinations, including San Antonio (35 miles), Austin (50 miles), and Texas State University/San Marcos (20 miles), as well as nearby recreation and landmarks such as Gruene Historic District (8 miles) and Schlitterbahn Waterpark (5 miles).
For tenants or owners seeking a low-maintenance residential income setup, the duplex offers a straightforward two-unit configuration with private outdoor areas, each paired with a two-car garage. With both units leased and the interiors and fixtures reported as well cared for, the property is positioned for buyers who want an actively managed rental asset and a 1031 exchange-friendly transaction.
The property is located at 125-127 Joanne Cove in New Braunfels, in Guadalupe County. Distances provided in the listing place the home within commuting range of major regional destinations, including San Antonio (35 miles), Austin (50 miles), and Texas State University/San Marcos (20 miles), as well as nearby recreation and landmarks such as Gruene Historic District (8 miles) and Schlitterbahn Waterpark (5 miles).
For tenants or owners seeking a low-maintenance residential income setup, the duplex offers a straightforward two-unit configuration with private outdoor areas, each paired with a two-car garage. With both units leased and the interiors and fixtures reported as well cared for, the property is positioned for buyers who want an actively managed rental asset and a 1031 exchange-friendly transaction.
Key Highlights
- Duplex built in 2017 with two 3‑bedroom, 2‑bath units, each with a 2‑car garage
- Both units are currently leased with long‑term tenants
- Each unit includes a back porch and fenced‑in, generously sized yard
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 | $42.9k | $16.20 |
| − Vacancy | −$4.1k | −$1.54 |
| EGI | $38.9k | $14.66 |
| − OpEx | −$11.7k | −$4.40 |
| NOI | $27.2k | $10.26 |
2,650 SF · lease $16.20/SF/yr · vacancy 9.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$388.5K
$340.0K – $453.3K
NOI $27,196 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$337.3K
$295.2K – $393.5K
NOI $23,612 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$676.0K
$591.5K – $788.6K
NOI $47,318 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Well-maintained duplex with two 3-bedroom units, each featuring a two-car garage, private outdoor space, and fenced yard.
Where is this duplex located?
The property is located at 125-127 Joanne Cove New Braunfels, TX.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Duplex built in 2017 with two 3‑bedroom, 2‑bath units, each with a 2‑car garage; Both units are currently leased with long‑term tenants; Each unit includes a back porch and fenced‑in, generously sized yard
