New Braunfels Duplex Investment
125-127 Joanne Cove, New Braunfels, TX 78130
MULTI_FAMILY - Other - New Braunfels, TX
Property size:
2,650 SFLot size:
0.21 AcresPrice / SF:
$179/SF- Added:
- Aug 8, 2025
- Days on Market:
- 283
- Last Refresh:
- May 17 at 7:06 pm
Property Features for 125-127 Joanne Cove
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Rooms
- Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 4, Bedroom 2, Bedroom 6
- 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
- Paintedstained, Concrete, Carpet
- Building materials
- Brick, HardiplankType, Masonry
- Roof type
- Shingle, Composition
- Architectural style
- Other
Listing agent Angela Rhea License #0563812 (512) 587-7989
Listing office StepStone Realty, LLC 1711 S Colorado ST, Suite E202, Kyle, TX (512) 587-7989
Listing date Aug 8, 2025
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.
HighLights
- Excellent investment opportunity: Easy‑to‑maintain duplex with long‑term tenants in place.
- Each unit features 3 bedrooms, 2 bathrooms, and a 2‑car garage with a private, fenced yard.
- Convenient location: Close to major cities and tourist attractions.
- Modern and well‑maintained: Polished concrete floors, open floor plan, and well‑maintained interiors and fixtures.
- Located in an above‑average‑rated school district within a budding community.
- Low tax rates and 1031 Exchange friendly.
Overview
This New Braunfels duplex presents an investment opportunity. The property features two three-bedroom, two-bath units, each with a two-car garage, back porch, and fenced yard. Both units are currently leased to long-term tenants. The interiors feature polished concrete floors and window fittings for natural light. The property has been well-maintained, including the HOA-managed xeriscaped lawns and grounds. Situated in a commuter location within an above-average-rated school district, the property benefits from a budding community attracting tech manufacturing and commercial investments, building on tourism and recreation. The property is 1031 Exchange friendly and has low tax rates. The location is approximately 35 miles to San Antonio, 50 miles to Austin, 20 miles to San Marcos/Texas State University, 8 miles to Gruene Historic District, 5 miles to Schlitterbahn Waterpark and the Comal & Guadalupe River, 25 miles to Canyon Lake, 77 miles to Fredericksburg and 50 miles to Lackland Air Force Base. The lot size is 0.2052 acres, and the property size is 2650 square feet.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$302.2K
NOI $27,196 @ 9.00% cap · cautious / downside scenario
Moderate
$388.5K
NOI $27,196 @ 7.00% cap · market / base-case scenario
Aggressive
$543.9K
NOI $27,196 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| 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 Use Scenarios
Best Use
Multifamily LT 5
$388.5K
$340.0K – $453.3K
NOI $27,196 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$337.3K
$295.2K – $393.5K
NOI $23,612 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$676.0K
$591.5K – $788.6K
NOI $47,318 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- New Braunfels
- County
- Comal
- State
- Texas
- Longitude
- -98.086259
- Latitude
- 29.656819
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained duplex with long-term tenants in a growing community.
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 $475,000.
What are key features of this property?
This property features: Excellent investment opportunity: Easy‑to‑maintain duplex with long‑term tenants in place.; Each unit features **3 bedrooms, 2 bathrooms, and a 2‑car garage** with a private, fenced yard.; Convenient location: Close to major cities and tourist attractions.
