Remodeled
For Sale
$395,000
1314 S Mesquite Ave, New Braunfels, TX 78130
Two separate residences provide three-bedroom and two-bedroom configurations, each with two bathrooms.
Property Size2,239 SF
Price / SF$176.42
Days on Market10
Property Features for 1314 S Mesquite Ave
General Information
Standard status
Active
Size
2,239 SF
Property subtype
Multi-Family
Building Details
Year Built
1983
Listing Agency:
Vista Realty
Listed By:
Joshua Holden (830) 643-0111 · License #0671284
(830) 832-6966
Source:
Allcentraltxhomesforsale
Added: Oct 23
Changed: Oct 31
Last Checked: Oct 30 at 3:12PM
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 Vista Realty
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Investment Insights
Based on property information with market context.
This duplex contains two residences totaling 2,239 square feet. One side has three bedrooms and two bathrooms; the other has two bedrooms and two bathrooms. The 1983 property has been remodeled with new paint, fixtures, quartz countertops, flooring, and ceiling fans.
The property is at 1314 S Mesquite Ave in New Braunfels, near downtown and close to I-35. It is within NBISD.
The property is at 1314 S Mesquite Ave in New Braunfels, near downtown and close to I-35. It is within NBISD.
Key Highlights
- Two residences: one 3/2 and one 2/2
- 2,239 square feet
- Remodeled with new paint, fixtures, quartz countertops, flooring, and ceiling fans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,978
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,560
$459.6K
Cap Rate 7%
$328,257
$328.3K
Cap Rate 9%
$255,311
$255.3K
Market Conditions
NOI Build-Up for 2,239 SF
Gross rent
$36.3K $16.20/SF
− Vacancy
−$3.4K −$1.54/SF
EGI
$32.8K $14.66/SF
− OpEx
−$9.8K −$4.40/SF
NOI
$23.0K $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%
$459,560
Cap Rate 7%
$328,257
Cap Rate 9%
$255,311
Alternative Uses
Best Use
Multifamily LT 5
$328.3K
$287.2K – $383.0K
NOI $22,978 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$285.0K
$249.4K – $332.5K
NOI $19,949 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$571.1K
$499.7K – $666.3K
NOI $39,979 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences provide three-bedroom and two-bedroom configurations, each with two bathrooms.
Where is this duplex located?
The property is located at 1314 S Mesquite Ave New Braunfels, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two residences: one 3/2 and one 2/2; 2,239 square feet; Remodeled with new paint, fixtures, quartz countertops, flooring, and ceiling fans
